Inequality Matters: Report of the World Social Situation
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Reigniting Growth in Central and Eastern Europe Eastern and Central in Growth Dawn:A New Reigniting
McKinsey Global Institute McKinsey Global Institute A new dawn: ReignitingA new dawn: growth in Central and Eastern Europe December 2013 A new dawn: Reigniting growth in Central and Eastern Europe The McKinsey Global Institute The McKinsey Global Institute (MGI), the business and economics research arm of McKinsey & Company, was established in 1990 to develop a deeper understanding of the evolving global economy. MGI’s mission is to provide leaders in the commercial, public, and social sectors with the facts and insights on which to base management and policy decisions. MGI research combines the disciplines of economics and management, employing the analytical tools of economics with the insights of business leaders. Its “micro-to-macro” methodology examines microeconomic industry trends to better understand the broad macroeconomic forces affecting business strategy and public policy. MGI’s in-depth reports have covered more than 20 countries and 30 industries. Current research focuses on six themes: productivity and growth; the evolution of global financial markets; the economic impact of technology and innovation; natural resources; the future of work; and urbanisation. Recent reports have assessed job creation, resource productivity, cities of the future, and the impact of the Internet. The partners of McKinsey fund MGI’s research; it is not commissioned by any business, government, or other institution. For further information about MGI and to download reports, please visit www.mckinsey.com/mgi. McKinsey in Central and Eastern Europe McKinsey & Company opened its first offices in Central and Eastern Europe in the early 1990s, soon after the momentous democratic changes in the region. McKinsey played an active role in the region’s economic rebirth, working with governments, nonprofits, and cultural institutions, as well as leading business organisations. -
Curriculum Vitae
Curriculum Vitae of Yanis Varoufakis 1. Personal information Place and date of birth: Athens, 24 March 1961 Nationality: Greek and Australian E'mail: [email protected] and [email protected] 2. Educational Background Doctorate: University of Essex, Department of Economics, 1987, PhD in Economics; Title: Optimisation and Strikes; Description: A statistical investigation of competing time series, cross-section, econometric, parametric and game theoretical models of industrial strikes based on USA and UK data. The data sets used were of two forms: macroeconomic (aggregate). and panel data. Supervisor: Professor Monojit Chatterji (currently at Dundee University) Examiners: Professors David Ulph (University of Bristol) and Anthony Shorrocks (University of Essex). Masters: University of Birmingham, Department of Mathematical Statistics, 1982, MSc in Mathematical Statistics Specialisation: Time series, statistical inference, statistical theory, stochastic processes, limited dependent variable estimation, maximum likelihood estimation, non-parametric statistics. Bachelor: University of Essex, School of Mathematical Studies, 1981, BA(Hons) Mathematical Economics High School Moraitis School, Athens, Greece 1 3. Academic positions Primary position January 2013 – Visiting Professor, Lyndon B. Johnson Graduate School of Public Affairs, University of Texas, Austin, USA September 2006 – Professor of Economic Theory, Faculty of Economic Sciences, University of Athens, Athens, Greece September 2000 to September 2006 Associate Professor of Economic -
Spatial Decomposition of Inequality
A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Shorrocks, Anthony; Wan, Guanghua Working Paper Spatial decomposition of inequality WIDER Discussion Paper, No. 2004/01 Provided in Cooperation with: United Nations University (UNU), World Institute for Development Economics Research (WIDER) Suggested Citation: Shorrocks, Anthony; Wan, Guanghua (2004) : Spatial decomposition of inequality, WIDER Discussion Paper, No. 2004/01, The United Nations University World Institute for Development Economics Research (UNU-WIDER), Helsinki This Version is available at: http://hdl.handle.net/10419/52738 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative Commons Licences), you genannten Lizenz gewährten Nutzungsrechte. may exercise further usage rights as specified in the indicated licence. www.econstor.eu Discussion Paper No. 2004/01 Spatial Decomposition of Inequality Anthony Shorrocks and Guanghua Wan* January 2004 Abstract This paper reviews the theory and application of decomposition techniques in the context of spatial inequality. -
The Global Wealth Report 2019 in Mid-2019
October 2019 Research Institute Global wealth report 2019 Color gradient or Image placeholder Thought leadership from Credit Suisse and the world's foremost experts Editorial Ten years ago, the Credit Suisse Research To mark its tenth anniversary, this year’s report Institute launched the first Global wealth report examines in more detail the underlying factors providing the most comprehensive and up-to- for the evolution of wealth levels and wealth dis- date survey of household wealth. Since then the tribution. The growth records of countries can be Global wealth report has become the standard quite different depending on whether wealth is reference point to monitor wealth growth across measured in US dollars or domestic currencies, countries and the extent to which wealth inequalities or in nominal or inflation-adjusted units. In the are widening or narrowing. longer term, the most successful countries are those that succeed in raising wealth as a multiple For the past decade, global wealth creation has of Gross Domestic Product (GDP) by addressing centered around China and the United States. institutional and financial-sector deficiencies. This year, the United States extended its un- This can result in a virtuous cycle in which broken spell of wealth gains, which began after higher wealth stimulates GDP growth, which in the global financial crisis in 2008. The United turn raises aggregate wealth. China, India and States also accounts for 40% of dollar million- Vietnam provide examples of this virtuous cycle aires worldwide and for 40% of those in the top in action. 1% of global wealth distribution. Wealth in China started the century from a lower base, but grew Second, the report looks at the evolution of at a much faster pace during the early years. -
Bosnia-Herzegovina Economy Briefing: Report: Keeping up with the Reform Agenda in 2019 Ivica Bakota
ISSN: 2560-1601 Vol. 14, No. 2 (BH) January 2019 Bosnia-Herzegovina economy briefing: Report: Keeping up with the Reform Agenda in 2019 Ivica Bakota 1052 Budapest Petőfi Sándor utca 11. +36 1 5858 690 Kiadó: Kína-KKE Intézet Nonprofit Kft. [email protected] Szerkesztésért felelős személy: Chen Xin Kiadásért felelős személy: Huang Ping china-cee.eu 2017/01 Report: Keeping up with the Reform Agenda in 2019 The second Bosnian four-year plan? In October 2018, German and British embassies organized a meeting with Bosnian economic and political experts, main party economic policy creators, EBRD and the WB representatives away from Bosnian political muddle in Slovenian Brdo kod Kranja to evaluate the success of the Reform Agenda and discuss the possibility of extending reform period or launching the second Reform Agenda. Defining an extension or a new reform agenda which in the next four years should tackle what was not covered in the first Agenda was prioritized on the meeting and is expected to become topical in the first months of the new administration. Regardless of the designed four- year timeframe, the government is expected to continue with enforcing necessary reforms envisioned in the (current) Reform Agenda and, according the official parlance, focuses on tackling those parts that haven’t been gotten straight. To make snap digression, the Reform Agenda was a broad set of social and economic reforms proposed (but poorly supervised) by German and other European ‘partners’ in order to help Bosnia and Herzegovina to exit from transitional limbo and make ‘real’ progress on the EU integrations track. -
The World Distribution of Household Wealth
The World Distribution of Household Wealth James B. Davies*, Susanna Sandstrom†, Anthony Shorrocks†, and Edward N. Wolff‡ July 2007 * Department of Economics University of Western Ontario London, Canada N6A 5C2 † UNU-WIDER Katajanokanlaituri 6 B 00160 Helsinki, Finland ‡ Department of Economics 19 West 4th Street 6th Floor New York University New York, NY 10003 USA Valuable comments and suggestions were received from participants at the WIDER project meeting on Personal Assets from a Global Perspective in May 2006 and at the International Association for Research in Income and Wealth Conference in Joensuu, Finland, in August 2006. Special thanks are due to Tony Atkinson, Brian Bucks, Markus Jäntti, and Branko Milanovic. Responsibility for all errors or omissions is our own. 1. Introduction Research on economic inequality – both within countries and between countries – is usually framed in terms of differences in income or consumption. In recent years a number of studies have extended this line of work to the global stage, by attempting to estimate the world distribution of income: see, for example Bourguignon and Morrison (2002), and Milanovic (2002, 2005). The findings document the very high disparity of living standards amongst the world’s citizens, but indicate that the rising inequality seen within many countries in recent decades has not led to a clear upward trend in global income inequality. The lack of trend is due to the rapid increase of incomes in certain developing countries, of which China is by far the most important. Alongside this work there has been growing recognition of the importance of other contributions to individual well-being, most especially health status, but also education, environment, personal security, and vulnerability to natural disasters. -
Causes and Results of Inequitable Distribution of Wealth, Opportunity Or Education
Causes and Results of Inequitable Distribution of Wealth, Opportunity or Education By Claire Pettinger The unequal distribution of wealth is a major problem not only nationwide but worldwide. There are several reasons as to why this is an issue, but the two major ones go hand in hand: lack of resources and the unequal distribution of capitalism. A common misconception is that the main reason for this wealth gap is because the rich are rich, as if they stole the poor’s money. This is not the case. As a product of the inequitable distribution of wealth, opportunities to advance become scarce and the overall standard of living decreases. It is impossible to pin this gap on any one thing, for there are multiple causes that result in this division. However it is safe to say that the outcome of it can be catastrophic. There are several countries that prosper while having little resources. Their key to success is international trade. For example, Japan has very little usable farmland due to its rocky terrain and resources in general, and yet they are thriving. They are able to live in prosperity because of their open, capitalist economy. This prevents their government from interfering in their trade. Other countries such as the Central African Republic (CAR) are rich with resources, but do not have a capitalist economy, so its residents aren’t even allowed the opportunity to grow and thrive as a country. “The CAR’s economic freedom score is 46.7, making its economy the 161st freest in the 2014 Index” (Central). -
Recent Trends in Injection in Europe: Results from the Treatment Demand Indicator (TDI)
Recent trends in injection in Europe: results from the Treatment Demand Indicator (TDI) Ana Sarasa-Renedo and Gregorio Barrio Carlos III Health Institute, Madrid Lisboa, September 23rd-27th 2013 EMCDDA week on “Measuring, understanding and responding to drug problems in Europe” European Monitoring Centre for Drugs And Drug Addiction Background Injecting drug users (IDUs) => highest risk of experiencing health problems from their drug use (e.g. blood-borne infections, overdose) Injection in Europe mainly of heroin, but also other drugs: • Amphetamine (Sweden, Finland) • Metamphetamine (Czech Republic, Slovakia) • Buprenorphine (Finland) • Fentanyl (Estonia) Most reports show a decreasing trend in drug injection across Europe. In some countries, these trends could be stable or increasing. Objectives • CIBERESP-Drug Epidemiology Group of Carlos III Institute on Health: Assist EMCDDA in analysing recent European trends on injecting drug use through existing indicator data (Contract CT.12.EPI.045.1.0). General objective: – To identify potentially relevant trends in drug injection in countries reporting data to the EMCDDA in the past 10 years. Specific objectives: – To describe recent time trends in drug injection among people starting specialized drug treatment in Europe in the past 10 years, – To describe the mentioned trends and characteristics by type of drug and country, – To examine consistency of drug injection trends from TDI with other indicators – To generate sound hypothesis on factors explaining time trends in drug injection Methods • Data on admissions to first treatment available at EMCDDA for 2000-2011 were analysed. 30 countries reported in 2011 (EU-28, Norway and Turkey) Europe-30 . • The unit of observation was the country , because no individual data are reported. -
Comparative Benchmarking of European and US Research Collaboration and Researcher Mobility
Comparative Benchmarking of European and US Research Collaboration and Researcher Mobility A report prepared in collaboration between Science Europe and Elsevier’s SciVal Analytics September 2013 2 3 CONTENTS EXECUTIVE SUMMARY & KEY FINDINGS 4 INTRODUCTION 6 CHAPTER 1: RESEARCH COLLABORATION IN EUROPE AND THE US 9 Introduction 10 1.1 Research collaboration patterns in Europe and the US 10 1.2 Research collaboration impact in Europe and the US 15 1.3 Research collaboration networks within Europe and the US 18 1.4 Research collaboration in detail: case studies for the Netherlands, 22 Switzerland, Czech Republic, Turkey, Albania and fyr Macedonia CHAPTER 2: RESEARCHER MOBILITY IN EUROPE AND THE US 29 Introduction 30 2.1 Researcher mobility classes in Europe and the US 30 2.2 Researcher mobility and impact in Europe and the US 34 CHAPTER 3: CONCLUSIONS 37 APPENDIX A: Country and state abbreviations 40 APPENDIX B: Methodology 43 APPENDIX C: Collaboration pairs 44 Authors 46 About 46 4 EXECUTIVE SUMMARY Comparative Benchmarking of European and US Research Collaboration and Researcher Mobility This report focuses on the extent to which research col- Europe are likely to collaborate with researchers outside laboration and researcher mobility patterns differ between Europe. This is important as ‘outside region’ collaboration Europe and the US, based on analysis of the Scopus pub- has the greatest citation benefit – in fact the additional lication database 1. This comparison is made by exploring benefit of collaborating outside region is proportionally both the extent to which academics collaborate on research greater for European researchers than for US research- papers and the amount of researcher mobility within Europe ers. -
When Aligned with Political Or Ethnic Divisions
Unequal incomes in Asia a “particular worry” when aligned with political or ethnic divisions Income disparities undermine social and political stability, say experts Tokyo, 17 January 2006 – The unequal distribution of income, wealth, power and resources between peoples in different locations (“spatial disparities”) are a potential cause of conflict and can undermine social and political stability, according to forthcoming book published by United Nations University Press. “Spatial Disparities in Human Development” provides a series of perspectives from Asia – home to two thirds of the world’s poorest people – and describes how this crucial problem will impact on the Millennium Development Goals. The book is based on a research project launched by the World Institute for Development Economics Research of the United Nations University (UNU-WIDER). A worldwide group of experts analyzed evidence on the extent of spatial inequalities and the resulting book has been edited by Ravi Kanbur, an economics professor at Cornell University, New York, Anthony J. Venables, the Chief Economist in the UK Department for International Development (DFID) and a professor of Economics at the London School of Economics, and Guanghua Wan, a Senior Research Fellow at UNU-WIDER in Finland. The gaps in living standards within developing and transition economies are a growing source of concern. “The topic takes on added significance when spatial and regional divisions align with political and ethnic tensions to undermine social and political stability,” says Professor Anthony Shorrocks, the Director of UNU-WIDER, in the Foreword to the book. “Whatever the original source, there is a widespread perception that spatial disparities in human development have become more visible and that they are increasing over time,” he says. -
Sub-Saharan Africa
Sub-Saharan Africa povertydata.worldbank.org Poverty & Equity Brief Sub-Saharan Africa Angola April 2020 Between 2008-2009 and 2018-2019, the percent of people below the national poverty line changed from 37 percent to 41 percent (data source: IDR 2018-2019). During the same period, Angola experienced an increase in GDP per capita followed by a recession after 2014 when the price of oil declined. Based on the new benchmark survey (IDREA 2018-2019) and the new national poverty line, the incidence of poverty in Angola is at 32 percent nationally, 18 percent in urban areas and a staggering 54 percent in the less densely populated rural areas. In Luanda, less than 10 percent of the population is below the poverty line, whereas the provinces of Cunene (54 percent), Moxico (52 percent) and Kwanza Sul (50 percent) have much higher prevalence of poverty. Despite significant progress toward macroeconomic stability and adopting much needed structural reforms, estimates suggest that the economy remained in recession in 2019 for the fourth consecutive year. Negative growth was driven by the continuous negative performance of the oil sector whose production declined by 5.2 percent. This has not been favorable to poverty reduction. Poverty is estimated to have increased to 48.4 percent in 2019 compared to 47.6 percent in 2018 when using the US$ 1.9 per person per day (2011 PPP). COVID-19 will negatively affect labor and non-labor income. Slowdown in economic activity due to social distancing measures will lead to loss of earnings in the formal and informal sector, in particular among informal workers that cannot work remotely or whose activities were limited by Government. -
The Global Wealth Report 2021
June 2021 Research Institute Global wealth report 2021 Thought leadership from Credit Suisse and the world’s foremost experts Introduction Now in its twelfth year, I am proud to present to you the 2021 edition of the Credit Suisse Global Wealth Report. This report delivers a comprehensive analysis on available global household wealth, underpinned by unique insights from leading academics in the field, Anthony Shorrocks and James Davies. This year’s edition digs deeper into the impact of the COVID-19 pandemic and the response of policymakers on global wealth and its distribution. Mindful of the important wealth differences that have built over the last year, our report also offers perspectives and, indeed, encouraging prospects, for wealth accumulation throughout the global wealth pyramid as we look to a world beyond the pandemic. I hope you find the insights of this edition of the Global Wealth Report to be of particular value in what remain unprecedented times. António Horta-Osório Chairman of the Board of Directors Credit Suisse Group AG 2 02 Editorial 05 Global wealth levels 2020 17 Global wealth distribution 2020 27 Wealth outlook for 2020–25 35 Country experiences 36 Canada and the United States 38 China and India 40 France and the United Kingdom 42 Germany, Austria and Switzerland 44 Denmark, Finland, Norway and Sweden 46 Japan, Korea, Singapore and Taiwan (Chinese Taipei) 48 Australia and New Zealand 50 Nigeria and South Africa 52 Brazil, Chile and Mexico 54 Greece, Italy and Spain 56 About the authors 57 General disclaimer / important