The Future: six drivers of global change
Chapter 22 : 8 China from 30 to the low 40s Data Set, University of Texas Inequality Project, Estima

8 China from 30 to the low 40s

Data Set, University of Texas Inequality Project, Estimated Household Income Inequality Data Set (EHII). This is a global data set, derived from the econometric relations.h.i.+p between UTIP-UNIDO, other conditioning variables, and the World Bank's Deininger & Squire data set (http://utip.gov.utexas.edu/data.html); World Data Bank, http://data.worldbank.org/indicator/SI.POV.GINI.

9 Russia from the mid 20s to the low 40s

Ibid.

10 United Kingdom from 30 to 36

Data Set, University of Texas Inequality Project, Estimated Household Income Inequality Data Set; "Growing Income Inequality in OECD Countries: What Drives It and How Can Policy Tackle It?," OECD Forum on Tackling Inequality, May 2, 2011, http://www.oecd.org/dataoecd/32/20/47723414.pdf.

11 make compared to six times just two decades ago

"India Income Inequality Doubles in 20 Years, Says OECD," BBC, December 7, 2011, http://www.bbc.co.uk/news/world-asia-india-16064321.

12 investment income at the lowest tax rate of all-15 percent

Joseph E. Stiglitz, "Of the 1%, by the 1%, for the 1%," Vanity Fair, May 2011.

13 capital gains income goes to the top one thousandth of one percent

Paul Krugman, "We Are the 99.9%," New York Times, November 24, 2011.

14 now has more inequality than either Egypt or Tunisia

Nicholas D. Kristof, "America's 'Primal Scream,' " New York Times, October 15, 2011.

15 have more wealth than the people in the bottom 90 percent

Ibid.

16 the 150 million Americans in the bottom 50 percent

Ibid.

17 have more wealth than the bottom 30 percent of Americans

Tim Worstall, "Six Waltons Have More Wealth Than the Bottom 30% of Americans," Forbes, December 14, 2011.

18 up from 12 percent just a quarter century ago

Stiglitz, "Of the 1%, by the 1%, for the 1%."

19 the top 0.1 percent increased over the same period by 400 percent

Krugman, "We Are the 99.9%."

20 from 5 to 40 percent of the GDP in developed countries

UnctadStat, Statistical Database for the United Nations Conference on Trade and Development, http://unctadstat.unctad.org/ReportFolders/reportFolders.aspx.

21 capital flows are expected to continue increasing three times faster than GDP

International Monetary Fund, World Economic Outlook, September 2011, http://www.imf.org/external/pubs/ft/weo/2011/02/weodata/WEOSep2011alla.xls; Peter Bisson, Elizabeth Stephenson, and S. Patrick Viguerie, "The Global Grid," McKinsey Quarterly, July 26, 2011.

22 from 5 to 30 percent of GDP from 1980 to 2011

UnctadStat, Statistical Database for the United Nations Conference on Trade and Development.

23 United States, paying them wages that are 20 percent higher

Daniel J. Ikenson, "Made on Earth: How Global Economic Integration Renders Trade Policy Obsolete," Cato Trade Policy a.n.a.lysis No. 42, December 2, 2009, http://www.cato.org/pubs/tpa/tpa-042.pdf.

24 for more than five million U.S. citizens