The Income Inequality in the Fastest Growing Economies
Loading...
Date
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Academic Publishing UNWE (AP-UNWE)
Abstract
Description
The impact of accelerated growth on inequality has not been sufficiently studied in the literature. The purpose of the article is to investigate the link between accelerated economic development and income inequality. The period 1870-2016 is considered, and the countries with the highest rate of GDP growth per capita are highlighted using a comparative analysis. The evolution of inequality over this period is examined and it is proved that it is possible to achieve accelerated economic growth and catching-up without increasing income inequality and even reducing it.
Keywords
Income inequality, Growth rate, Real GDP per capita, Fast growing economies, Gini coefficient, O11 - Macroeconomic Analyses of Economic Development, O15 - Human Resources • Human Development • Income Distribution • Migration