Inequality in the World
A report by the well-known French economist Thomas Piketty recently caused a stir. In Paris, researchers around Piketty presented a report on inequality in today's world. More than one hundred researchers have presented a world report on inequality. The situation in Germany documents an alarming trend. The inequality in the Federal Republic of Germany is therefore about as great today as it was a century ago. According to researchers, the gap is the smallest in Europe. In North America, however, the inequality is greater. In order to combat inequality, Piketty and the research team recommend, among other things, action against money laundering and tax evasion.
Inequality is associated with high economic, social and moral costs and can usually be one of the greatest challenges for global development and the structure of states. The widening gap between rich and poor is reflected in a low standard of living, reflected in many higher poverty rates and increasing social tensions. This is often also the case in the former socialist countries. The World Bank's statistics on poverty in Eastern Europe and the former USSR provide little information on systemic changes since the end of the planned economy and the opening of the 1990s. Innovative program content, conditional cash transfer programs such as Brazils Bolsa Familia and Mexicos Opportunidades have shown that the redistribution of income to the less fortunate is a wise investment. It is inconceivable that the 200 richest people in the world possess a total wealth of over one trillion US dollars. This corresponds to a maximum annual income value of 47% of the world's population. More than 30,000 children die every day because they lack basic needs and 780 million people starve. The number in Africa has doubled to 215 million over the past 28 years. Never before in recent economic history has prosperity been more unequally distributed globally than it is today. This is the conclusion of a study presented by the development organisation Oxfam before the opening of the World Economic Forum in Davos. Unfortunately, there are corrupt states in which some large assets accumulate. But that is a reason to attack the respective governments, but not the free marketplaces.
Income: Inequality within the world regions varies widely. Countries with low inequality are mainly in Europe. Canada and the USA have a medium income inequality.
This page provides an overview of statistics on poverty and inequality. Various UN and World Bank statistics are taken into account here. However, Thomas Piketty's data is not included. This is partly due to the fact that data are very thin and meaningful values are only available for a few countries. On the other hand, there is increasing criticism of the selection and processing of data. Since it cannot be ruled out that the Piketty report was "embellished" by this, the data is not included.
However, it should always be borne in mind that there is no clear definition of the terms "poverty" and "inequality", nor will there ever be. For this reason, all statistics on this topic only show individual partial aspects!