Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN: 9781305506725
Author: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Question
Chapter 17, Problem 6CQ
To determine
Explain the reasons for the increase in income inequality worldwide between 1800–1980 and for the decline after 1980.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
Explain how financial globalisation can lead to income inequality in a country
In the Philippines, is it possible to end poverty in 2040?
Economic growth is said to be a necessary but not sufficient condition to eradicate absolute poverty and reduce inequality. What is the reasoning behind this argument?
Chapter 17 Solutions
Economics: Private and Public Choice (MindTap Course List)
Knowledge Booster
Similar questions
- How do income poverty measures differ from the UNDP’s Multidimensional Poverty Index? Why should we be concerned with the measurement of poverty in developing nations?arrow_forwardHorizontal inequality is one of the causes of armed conflict in developing countries. (T/F)?arrow_forwardWhat is meant by absolute poverty? What measures of income poverty are favored by development economists? How do income poverty measures differ from the UNDP’s Multidimensional Poverty Index? Why should we be concerned with the measurement of poverty in developing nations?arrow_forward
- In developed countries, which one is correct? a Market income inequality > Final distribution of income>Wealth inequality b Wealth inequality > Market income inequality > Post-fisc income inequality C Wealth inequality Market income inequality < Post-fisc income inequality d Market income inequality > Post-fisc income inequality >Wealth inequality.arrow_forwardDiscuss why the economic situation of a developing country might be extra serious if it is experiencing a so-called “demographic tax”?arrow_forwardWhat does "Global poverty is a harm inflicted by the global economy" mean?arrow_forward
- Give correct typing answer with explanation and conclusion In a global perspective, the United Nations and the World Bank calculate an absolute poverty line of $1.90 per day based on:arrow_forwardThe data suggests that global income inequality is greater in PPP terms than in nominal terms. is it true or falsearrow_forwardThe Stolper-Samuelson theorem predicts that inequality will fall in developing economies. But the adoption of new technologies as countries join GVCs means that production processes favour the skilled even in developing countries. So, is Stolper-Samuelson wrong? Explainarrow_forward
- The international political economy view of the forms, causes, and efforts to reduce poverty and inequality has a spectrum from the views of liberal groups to structural groups. Explain this view of international political economy critically!arrow_forwardAside from China and India, which among the developing countries possess the elements or characteristics that will make it rise above the middle-income trap?arrow_forwardARE THE CAUSES OF POVERTY AND INEQUALITY IN THE PHILIPPINES BE OVERCOME BY GLOBAL MOBILITY AND MIGRATION? JUSTIFY YOUR ANSWER SITE YOUR REFERENCES/SOURCESarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Economics: Private and Public Choice (MindTap Cou...EconomicsISBN:9781305506725Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. MacphersonPublisher:Cengage LearningMacroeconomics: Private and Public Choice (MindTa...EconomicsISBN:9781305506756Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. MacphersonPublisher:Cengage Learning
Economics: Private and Public Choice (MindTap Cou...
Economics
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning
Macroeconomics: Private and Public Choice (MindTa...
Economics
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning