International Inequality

International inequality is inequality between countries (cf. Milanovic 2002). Economic differences between rich and poor countries are considerable. According to the United Nations Human Development Report 2004, the GDP per capita in countries with high, medium and low human development (a classification based on the UN Human Development Index) was 24,806, 4,269 and 1,184 PPP$, respectively (PPP$ = purchasing power parity measured in United States dollars).

Read more about International Inequality:  International Wealth Distribution, Comparisons, Further Facts, Schools of Thought On Economic Inequality

Famous quotes containing the word inequality:

    “However energetically society in general may strive to make all the citizens equal and alike, the personal pride of each individual will always make him try to escape from the common level, and he will form some inequality somewhere to his own profit.”
    —Alexis de Tocqueville (1805–1859)