Macroeconomics 9th Edition by David Colander

Exercise 8

What has happened to world income inequality is a matter of sharp dispute.any analysts claim that world incomes converged in the second half of the twentieth century, leading to a sharp reduction in world inequality.any others report that the gap between the poorest and the richest people and countries has continued to widen over the last two decades.hen a friend of mine who writes about global inequality sorted through these studies, he came to this conclusion: "The wide range of different results of respected studies of world inequality in the last two decades casts doubt on the idea that world inequality has sharply and unambiguously declined or increased during the epoch of neo- liberalism." Assuming my friend has read them correctly and fairly, what do these studies imply about the convergence hypothesis and about the globalization process (Radical)