Evolution of income inequality: Different time perspectives and dimensions

The world economy has experienced profound changes over the past few decades. Many countries have adopted different development strategies and even changed their economic systems. At the same time, trade and financial globalization have deepened, and technological advances and sectoral shifts are transforming the patterns of production and consumption. Successive financial and economic crises have had varying negative impacts on different regions. And the rapid growth rates of GDP in a number of large developing countries are altering the relative weight of different regions in the international economy. These developments were bound to have an effect on income distribution both within and between countries.

Related Subject(s): International Trade and Finance