On Globalization's Gains.
Author | Rees, Matthew |
Position | Globalization - Brief article |
"Between 1984 and 2004, China's income inequality as measured by the Gini index--zero is perfect equality and 100 is perfect inequality-increased to 47 from 29, according to World Bank researchers Martin Ravallion and Shaohua Chen. From 2000 to 2005, per-capita income of the bottom 10 percent of urban households in China rose 26 percent while those at the top saw gains of 133 percent."
"While Mexico hasn't experienced the spectacular growth of China, wages of those at the bottom 10th percentile of urban full-time workers increased 12 percent between 1987, when the country first took steps toward opening its economy, and 2004. Since 2000, the percentage of Mexicans living in extreme poverty also has fallen below 20 percent for the first time ever in the nation's history."
"Even so, skilled workers in Mexico still earn far more...
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