poor get poorer

antarchi's picture

The bottom 5 percent of the world grew poorer, as their real incomes decreased between 1988 and 1993 by 1/4, while the richest quintile grew richer. It gained 12 % in real terms, that is it grew more than twice as much as mean world income.

'True World Income Distribution', quoted in The influence of the global order on the prospects for gen