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11 months ago
Bi-Modal Distribution: developed and developing countries
Dromedary-shaped distribution:global inequality has declined; income has shifted to the right
80% "of the world lived in material conditions that we would refer to as extreme poverty today"
WEF's The Inclusive Growth and Devlopment Report offeres evidence for simultanuous economic growth and social inclusion
Richest 1% holds ~50% of global wealth
legal tax avoidance is common
average environmental footprint of the richest 1% could be 175x that of the poorest 10%
Adam Smith published his theory of the invisible hand in The Wealth of Nations
World Trade Organization founded
International Monatary Fund created
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