According to an oecd report on income equality and poverty, the income of the richest 10% of people is, on average across oecd countries, nearly nine times that of the poorest 10% in the us, that gap is even greater — about 16 times.
The gap between the rich and the poor keeps widening, the organisation for economic cooperation and development (oecd) says in its 34 member states, the richest 10% of the population earn 96 times the income of the poorest 10. The global impact of the internet: widening the economic gap between wealthy and poor nations henry c lucas, jr an innovation that will widen the gap between wealthy and poor countries this paper what raised the gap between rich and poor nations from a ratio of 2 or 3 to1 to a gap of 30, 40, or 50 to1 in two centuries. Although strong economic growth has made most people better off in absolute terms, globalization is often blamed for the widening gap between rich and poor in fact, the biggest culprit is technological change.
Reversing the scourge of widening inequality requires reversing the upward pre-distributions within the rules of the market, and giving average people the bargaining power they need to get a larger share of the gains from growth. The internet has penetrated many aspects of business and culture in developed countries, but there is limited availability in many poor countries.
A quarter of a century ago, the average disposable income of the richest 10% in oecd countries was around seven times higher than that of the poorest 10% today, it’s around 9½ times higher why does this matter many fear this widening gap is hurting individuals, societies and even economies.
Does the internet have the potential to accelerate development in poor nations or is it an innovation that will widen the gap between wealthy and poor countries this paper places the internet in a framework of major innovations in modern economic history that have contributed to increased global economic inequality.
The gap between rich and poor is widening in countries that traditionally have a high level of inequality, such as the us it also is rising in countries that have been more equal, such as denmark, germany and sweden, said the organization for economic cooperation and development, a paris-based think tank.