The world distribution of income has become more equal since 1970 because

Question

Quizplus · Accepted Answer

The World Bank data shows that since 1970, average incomes in poorer countries have been growing at a faster pace than average incomes in rich countries, contributing to a more equal distribution of income globally. However, the distribution of income within most countries has not necessarily become more equal, and foreign aid programs have not been the primary driver of this trend. The technological adoption has also not been uniform across countries and cannot explain the overall trend towards income convergence.

The World Distribution of Income Has Become More Equal Since