10 Countries With The Worst Income Inequality: OECD: "Of all the effects of the economic crisis, perhaps one of the least visible, but most consequential has been the rising rate of income inequality around the world.
A recent report, released by the Paris-based Organisation for Economic Co-operation and Development (OECD) and entitled 'Society at a Glance 2011 - OECD Social Indicators,' shows exactly where the gap between rich and poor has grown widest.
Based on a measurement known as the Gini coefficient, which rates countries from 0 to 1, where zero indicates perfect equality and one indicates all wealth goes to a single individual, the report finds growing rates of income inequality everywhere from Oceania to Scandinavia. Between the mid-1980s and late 2000s, the average Gini coefficient for OECD countries rose annually by an average of 0.3 percent, and now sits at 0.31."
Tuesday, May 24, 2011
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