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Global Growth and Distribution: Are China and India Re shaping the World?

Maurizio Bussolo (), Rafael De Hoyos (), Denis Medvedev and Dominique van der Mensbrugghe ()

No RP2008-29, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Over the past 20 years, aggregate measures of global inequality have changed little even if significant structural changes have been observed. High growth rates of China and India lifted millions out of poverty, while the stagnation in many African countries caused them to fall behind. Using the World Bank's LINKAGE global general equilibrium model and the newly developed Global Income Distribution Dynamics (GIDD) tool, this paper assesses the distribution and poverty effects of a scenario where these trends continue in the future.

Keywords: Economic forecasting; Globalization; Income distribution; Convergence (Economics) (search for similar items in EconPapers)
Date: 2008
New Economics Papers: this item is included in nep-cna, nep-cwa and nep-dev
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