What effect did inequality within large countries have on global inequality from 1970 to 2000?
Understand the Problem
The question is asking for the impact of inequality within large countries on global inequality over a specific time frame from 1970 to 2000. It requires an understanding of socioeconomic concepts and historical data regarding global and domestic inequalities.
Answer
Within-country inequality in large countries rose from 1970 to 2000, affecting global inequality.
From 1970 to 2000, large countries saw increasing within-country inequality, which contributed to affecting global inequality. As the major economies widened the income gap internally, it had significant implications for the broader global economic landscape.
Answer for screen readers
From 1970 to 2000, large countries saw increasing within-country inequality, which contributed to affecting global inequality. As the major economies widened the income gap internally, it had significant implications for the broader global economic landscape.
More Information
The increased internal inequality in powerful economies like the United States and China had a cascading effect on global inequality levels. This period was marked by economic policies that favored wealth accumulation among higher income groups.
Tips
A common mistake is assuming that global inequality trends are solely driven by differences between countries, ignoring the significant impact of within-country inequalities.
Sources
- The history of global economic inequality - Our World in Data - ourworldindata.org
- A Guide to Statistics on Historical Trends in Income Inequality - cbpp.org
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