Rapid growth in Eastern Europe and the former Soviet Union since the Russian financial crisis of 1998 has moved 50 million people out of 400 million out of absolute poverty. This has been brought about by productivity growth, which allowed broad-based increases in real wages, together with the use of public transfers to benefit those who were not part of the labor force. In the new member states of the European Union that are the furthest advanced in the transition to a market economy, productivity growth is increasingly driven by improvements in how production is organized and carried out at...
Rapid growth in Eastern Europe and the former Soviet Union since the Russian financial crisis of 1998 has moved 50 million people out of 400 million o...
Inequality in South Asia appears to be moderate when looking at standard indicators, such as the Gini index, that are based on consumption expenditures per capita. But other pieces of evidence reveal enormous gaps, from extravagant wealth at one end to appalling human development outcomes at the other. Which prompts the question: How bad is inequality in South Asia? And why would that matter? Addressing Inequality in South Asia takes a comprehensive look at the extent, nature, and drivers of inequality in this very dynamic region of the world. It discusses how some dimensions of inequality,...
Inequality in South Asia appears to be moderate when looking at standard indicators, such as the Gini index, that are based on consumption expenditure...