Macroeconomics Plus MyLab Economics with Pearson eText -- Access Card Package (7th Edition)
Macroeconomics Plus MyLab Economics with Pearson eText -- Access Card Package (7th Edition)
7th Edition
ISBN: 9780134890241
Author: Hubbard, R. Glenn, O'Brien, Anthony Patrick
Publisher: PEARSON
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Chapter 11, Problem 11.1.8PA
To determine

The implications of changes in technologies on low-income countries

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In the diagram below, which of the following economies have a more equal income distribution?  (a)  Economy A.  (b)  Economy B.  (c)  Economy C.  (d)  More information is needed.
Income inequalities tend to be larger in poorer countries. As countries develop, the personal distribution of income tends to become more equal. Why is this the case?
Why do many economists expect income convergence between developed and developing countries, and what factors would you look to for an explanation of why this has occurred for only a limited number of countries and in such a limited degree so far?
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