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Inequality in Emerging Countries

Nathalie Chusseau and Joel Hellier

Chapter 2 in Growing Income Inequalities, 2013, pp 48-75 from Palgrave Macmillan

Abstract: Abstract In the last three decades, emerging countries have experienced a significant rise in growth, and thus in their real income per capita. After almost two centuries of ‘great divergence’ (Pomeranz, 2000; Pritchett, 1997) characterized by growth rates significantly higher in the North (developed countries) than in the South (developing countries), this surge in growth within a majority of less developed countries could open a new era of ‘great convergence’ on the World stage. Nevertheless, this has not coincided with a decrease in within-country inequalities. The increase in income inequality in the North is now well documented and it has been analysed in Chapter 1. In the South, the variations in within-country income inequality appear rather diverse (Wood, 1997).

Keywords: Foreign Direct Investment; Income Inequality; Trade Liberalization; Skilled Labour; Unskilled Worker (search for similar items in EconPapers)
Date: 2013
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Working Paper: Inequality in Emerging Countries (2012) Downloads
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DOI: 10.1057/9781137283306_3

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