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Global poverty and inequality in the 20th century: turning the corner?

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  • Australian Treasury

    (Treasury, Government of Australia)

Abstract

Living standards increased markedly during the 20th century. Moreover, recent studies have shown that over about the last thirty years, the majority of the world’s poor have achieved income growth faster than in developed countries for the first time in two centuries. But because income differences had become very wide and the developed countries’ incomes are still growing, absolute (dollar) income gaps will continue to widen for some time yet.

Suggested Citation

  • Australian Treasury, 2001. "Global poverty and inequality in the 20th century: turning the corner?," Economic Roundup, The Treasury, Australian Government, issue 1, pages 1-52, May.
    • Handle: RePEc:tsy:journl:journl_tsy_er_2001_1_1
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    File URL: http://archive.treasury.gov.au/documents/110/PDF/Round2.pdf
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    References listed on IDEAS

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    1. Sachs, Jeffrey D, 1999. "Twentieth-Century Political Economy: A Brief History of Global Capitalism," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 15(4), pages 90-101, Winter.
    2. Robert J. Gordon, 2000. "Does the "New Economy" Measure Up to the Great Inventions of the Past?," Journal of Economic Perspectives, American Economic Association, vol. 14(4), pages 49-74, Fall.
    3. Peter H. Lindert & Jeffrey G. Williamson, 2003. "Does Globalization Make the World More Unequal?," NBER Chapters, in: Globalization in Historical Perspective, pages 227-276, National Bureau of Economic Research, Inc.
    4. Nuxoll, Daniel A, 1994. "Differences in Relative Prices and International Differences in Growth Rates," American Economic Review, American Economic Association, vol. 84(5), pages 1423-1436, December.
    5. T. N. Srinivasan & Jagdish Bhagwati, 2001. "Outward-Orientation and Development: Are Revisionists Right?," Palgrave Macmillan Books, in: Deepak Lal & Richard H. Snape (ed.), Trade, Development and Political Economy, chapter 1, pages 3-26, Palgrave Macmillan.
    6. William D. Nordhaus, 1995. "How Should We Measure Sustainable Income?," Cowles Foundation Discussion Papers 1101, Cowles Foundation for Research in Economics, Yale University.
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    Cited by:

    1. Ken Henry, 2002. "Spreading the Benefits of Globalisation: 'Selling' the Compounding Benefits of Reforms," RBA Annual Conference Volume (Discontinued), in: David Gruen & Terry O'Brien & Jeremy Lawson (ed.),Globalisation, Living Standards and Inequality: Recent Progress and Continuing Challenges, Reserve Bank of Australia.

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    More about this item

    Keywords

    poverty;

    JEL classification:

    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty

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