Publication:
Is the Developing World Catching up? Global Convergence and National Rising Dispersion

Simple item page
dc.contributor.authorDe Hoyos, Rafael E.
dc.contributor.authorBussolo, Maurizio
dc.contributor.authorMedvedev, Denis
dc.date.accessioned2012-05-22T19:40:59Z
dc.date.available2012-05-22T19:40:59Z
dc.date.issued2008-09
dc.description.abstractThe present study uses the GIDD, a CGE-microsimulation model for Global Income Distribution Dynamics, to understand the ex-ante dynamics of global income distribution. Three main robust results emerge. First, under a set of realistic assumptions, there will be a reduction in global income inequality by 2030. This potential reduction can be fully accounted for by the projected convergence in average incomes across countries, with poor and populous countries growing faster than the rest of the world. Second, this convergence process will be accompanied by a widening of income distribution in two-thirds of the developing countries; the main cause being increasing skill premia. Third, a trend that may counter-balance the potential anti-globalization sentiment is the emergence of a global middle class: a group of consumers who demand access to, and have the means to purchase, international goods and services. The results show that the share of these consumers in the global population is likely to more than double in the next 20 years. These ex-ante trends in global income distribution suggest that the mid-1990s could be seen as a turning point after which global inequality began showing a negative tendency.en
dc.identifierhttp://documents.worldbank.org/curated/en/2008/09/12301739/developing-world-catching-up-global-convergence-national-rising-dispersion
dc.identifier.doi10.1596/1813-9450-4733
dc.identifier.urihttps://hdl.handle.net/10986/6318
dc.languageEnglish
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesPolicy Research Working Paper; No. 4733
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectAVERAGE GROWTH
dc.subjectAVERAGE INCOME
dc.subjectAVERAGE INCOMES
dc.subjectBASE YEAR
dc.subjectBENCHMARK
dc.subjectCONSUMERS
dc.subjectCONVERGENCE PROCESS
dc.subjectCOUNTRY INEQUALITY
dc.subjectCOUNTRY PERFORMANCE
dc.subjectCUMULATIVE INCOME
dc.subjectDECOMPOSITION ANALYSIS
dc.subjectDEMOGRAPHIC
dc.subjectDEMOGRAPHIC CHANGES
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDEVELOPING REGIONS
dc.subjectDEVELOPING WORLD
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDEVELOPMENT GOALS
dc.subjectDEVELOPMENT REPORT
dc.subjectDEVELOPMENT STRATEGIES
dc.subjectDEVELOPMENT STRATEGY
dc.subjectDISTRIBUTION OF INCOME
dc.subjectDISTRIBUTIONAL CHANGES
dc.subjectDISTRIBUTIONAL EFFECT
dc.subjectDISTRIBUTIONAL EFFECTS
dc.subjectDISTRIBUTIONAL IMPACT
dc.subjectDOMESTIC MARKETS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC RESEARCH
dc.subjectECONOMIC REVIEW
dc.subjectECONOMIC STRUCTURES
dc.subjectECONOMIC TRENDS
dc.subjectECONOMICS LETTERS
dc.subjectEDUCATION LEVEL
dc.subjectEMERGING ECONOMIES
dc.subjectEQUAL WEIGHT
dc.subjectEXCHANGE RATES
dc.subjectEXOGENOUS CHANGES
dc.subjectEXPLAINING CHANGES
dc.subjectEXPOSURE
dc.subjectFALLING POVERTY
dc.subjectFERTILITY RATES
dc.subjectFUTURE RESEARCH
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGEOGRAPHIC DISTRIBUTION
dc.subjectGINI COEFFICIENT
dc.subjectGLOBAL ECONOMIC PROSPECTS
dc.subjectGLOBAL ECONOMY
dc.subjectGLOBAL LEVEL
dc.subjectGLOBALIZATION
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectHOUSEHOLD INCOMES
dc.subjectHOUSEHOLD SURVEY DATA
dc.subjectHOUSEHOLD SURVEYS
dc.subjectHOUSEHOLD WELFARE
dc.subjectINCOME
dc.subjectINCOME DATA
dc.subjectINCOME DIFFERENCES
dc.subjectINCOME DISPARITIES
dc.subjectINCOME DISTRIBUTION
dc.subjectINCOME DISTRIBUTIONS
dc.subjectINCOME GROUP
dc.subjectINCOME GROWTH
dc.subjectINCOME INEQUALITY
dc.subjectINCOME LEVELS
dc.subjectINCOME REDISTRIBUTION
dc.subjectINCOME SHARE
dc.subjectINDIVIDUAL INCOMES
dc.subjectINEQUALITY CHANGES
dc.subjectINEQUALITY CONSTANT
dc.subjectINEQUALITY CONVERGENCE
dc.subjectINEQUALITY INDEX
dc.subjectINEQUALITY LEVELS
dc.subjectINEQUALITY MEASURES
dc.subjectINEQUALITY WILL
dc.subjectINTERNATIONAL TRADE
dc.subjectLABOR FORCE
dc.subjectLIFE EXPECTANCY
dc.subjectLOCAL CURRENCY
dc.subjectLONG RUN
dc.subjectLOW-INCOME COUNTRIES
dc.subjectMACROECONOMIC MODELS
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMICS
dc.subjectMEAN INCOME
dc.subjectMEAN LOG DEVIATION
dc.subjectMEASUREMENT ERRORS
dc.subjectMEASURING INCOME INEQUALITY
dc.subjectMEDIAN VOTER
dc.subjectMICRO DATA
dc.subjectMICRO MODEL
dc.subjectMIDDLE CLASS
dc.subjectMIDDLE INCOME COUNTRIES
dc.subjectMIDDLE INCOME COUNTRY
dc.subjectMIDDLE-INCOME COUNTRIES
dc.subjectMORTALITY RATES
dc.subjectMULTILATERAL TRADE
dc.subjectNATIONAL INCOME
dc.subjectNEGATIVE RELATIONSHIP
dc.subjectPARTICULAR COUNTRY
dc.subjectPER CAPITA GROWTH
dc.subjectPER CAPITA INCOME
dc.subjectPER CAPITA INCOMES
dc.subjectPOLICY IMPLICATIONS
dc.subjectPOLICY RESEARCH
dc.subjectPOLITICAL ECONOMY
dc.subjectPOLITICAL ECONOMY IMPLICATIONS
dc.subjectPOOR COUNTRIES
dc.subjectPOOR INDIVIDUALS
dc.subjectPOPULATION GROWTH
dc.subjectPOPULATION SHARE
dc.subjectPOPULOUS COUNTRIES
dc.subjectPOSITIVE EFFECTS
dc.subjectPOVERTY LINE
dc.subjectPOVERTY REDUCTION
dc.subjectPOWER PARITY
dc.subjectPURCHASING POWER
dc.subjectRATE OF GROWTH
dc.subjectREAL INCOME
dc.subjectREDISTRIBUTION POLICIES
dc.subjectRELATIVE DISTANCE
dc.subjectRELATIVE INCOMES
dc.subjectRELATIVE WAGES
dc.subjectRICH COUNTRIES
dc.subjectRISING INCOME INEQUALITY
dc.subjectRISING INEQUALITY
dc.subjectSECTORAL COMPOSITION
dc.subjectSIMULATIONS
dc.subjectSKILL LEVEL
dc.subjectSTRUCTURAL CHANGE
dc.subjectTRADE LIBERALIZATION
dc.subjectTRADE POLICY
dc.subjectWEALTH
dc.subjectWELL-BEING
dc.subjectWORLD INCOME DISTRIBUTION
dc.subjectWORLD INEQUALITY
dc.subjectWORLD TRADE
dc.subjectWORLD TRADE ORGANIZATION
dc.titleIs the Developing World Catching up? Global Convergence and National Rising Dispersionen
dspace.entity.typePublication
okr.crossref.titleIs The Developing World Catching Up? Global Convergence And National Rising Dispersion
okr.date.doiregistration2025-04-10T11:49:55.099983Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2008/09/12301739/developing-world-catching-up-global-convergence-national-rising-dispersion
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticePoverty
okr.globalpracticeTrade and Competitiveness
okr.guid435151468346148668
okr.identifier.doi10.1596/1813-9450-4733
okr.identifier.externaldocumentum000158349_20100521155933
okr.identifier.internaldocumentum12301739
okr.identifier.reportWPS4733
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/05/21/000158349_20100521155933/Rendered/PDF/WPS4733.pdfen
okr.topicPoverty Reduction::Poverty Impact Evaluation
okr.topicPoverty Reduction::Inequality
okr.topicEconomic Theory and Research
okr.topicPrivate Sector Development::Emerging Markets
okr.topicPoverty Reduction::Achieving Shared Growth
okr.topicMacroeconomics and Economic Growth
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isAuthorOfPublicationd0039343-97ad-5806-88d5-81b58fee8116
relation.isAuthorOfPublicationf66b4922-756e-51d1-a970-246dc3a8fcf4
relation.isAuthorOfPublication.latestForDiscoveryd0039343-97ad-5806-88d5-81b58fee8116
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
WPS4733.pdf
Size:
597.2 KB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
WPS4733.txt
Size:
62.7 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Policy Research Working Papers