EFTA02452509.pdf

From: jeffrey E. <[email protected]> Sent: Saturday, September 3, 2016 11:22 PM To: Noam Chomsky Subject: provacations Nevertheless, the best global income estimates suggest =nternational inequality, adjusted for the purchasing power of different currencies, has fallen in recent decades. The pre-eminent researcher in this field, Branko Milanovic, has calculated <http://gabriel-zucman.eu/files/teaching/Mi=anovicl3.pdf> that the period between 1988 to 2008 witnessed the first decline in inequality between world citizens since the Industrial Revolution. This mainly reflects the rapid development of China and India, two poor countries with very large populations. The largest surge across the global income distribution between 1988 and 2008 was seen among those around the middle of the global income distribution. This largely reflects the mass movement of the rural poor in China to cities where they got higher incomes working in manufacturing plants and on building sites. There was also a surge among the incomes of those at the very top as the rich in rich countries did very well in the era of globalization. But the net result was a slight reduction of global inequality. =div dir="ltr"> please note =div>The information contained in this communication is confidential, ma= be attorney-client privileged, may constitute inside information, and =s intended only for the use of the addressee. It is the property of =EE Unauthorized use, disclosure or copying of this communication or =ny part thereof is strictly prohibited and may be unlawful. If you have=received this communication in error, please notify us immediately byreturn e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communicatio= and all copies thereof, including all attachments. copyright -all righ=s reserved 1 EFTA_R1_01552976 EFTA02452509