World Inequality Still Rising Despite Some Convergence

By Jomo Kwame Sundaram
KUALA LUMPUR, Malaysia, Nov 6 2024 (IPS)

Despite earlier income convergence among nations, many low-income countries (LICs) and people are falling further behind. Worse, the number of poor and hungry has been increasing again after declining for decades.

Jomo Kwame Sundaram

After the post-Second World War ‘Golden Age’ ended over half a century ago, the world has seen unequal and uneven economic growth, industrialisation, and poverty reduction. Income...