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[摘 要]:Topic: Economics Title: Inequality, growth and convergence in the world economy since 1945 Detail: Compare and contrast the evolution of both measures of human development and income distribution in the world economy over the last fifty yea..Topic:
[摘 要]:Topic: Economics Title: Inequality, growth and convergence in the world economy since 1945 Detail: Compare and contrast the evolution of both measures of human development and income distribution in the world economy over the last fifty yea..Topic: EconomicsTitle: Inequality, growth and convergence in the world economy since 1945Detail: Compare and contrast the evolution of both measures of human development and income distribution in the world economy over the last fifty years. Why have these measures shown such different trends?Key points: The proximate sources of growth. Summarise neo-classical theory of income convergence and Abramovitz catch up hypothesis/conditional convergence and theories of income divergence.Structural: -Introduction-Development of essay-Conclusion-References and Bibliography Citation Style: HarvardLength: 2500Economic EssayIntroductionIt is the debate about whether or not the income distribution becomes fair and equal when the whole world is globalized. It is obvious that there is the inverse relationship between growth and equity. When the economic developed so fast, therefore the inequity in the income distribution has ………………Development of essay:It is always a question of whether or not the income distribution is fair or not among all of the nations in the today’s economic issues. The income distribution existed fair and equal which says that the globalization works to the benefits of all (Wade, 2001, pp.2). ……………………ConclusionIn the international market economy, the difference in the regional income has been decreased over times, particularly within nation-states (Hicks, 1932). The global financial integration is an equilibrating process and its effect should be emphasized in the convergence of income rather than in a rise in the steady-state level of growth (Abiad, Leigh & Mody, 2007). ………………Reference.

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