[lbo-talk] India 8th in billionaire club

[KJ]

At 5:50 pm +0500 17/3/05, uvj at vsnl.com wrote:
>kjkhoo wrote:
>
>>  Isn't the comparison of interest between India and China -- which
>>  perhaps makes the reference to global capitalist economy a bit
>>  murky.
>>  By FDI, exports, etc., China is more closely integrated into the
>>  global economy, but hardly figures in the list.
>
>China's gini coefficient is worse than India and Brazil's worse than China.

Brazil's, at around .6, is among the worst in the world and stubbornly so.

But is China's worse than India? Don't know what the most recent 
figures are, but (1) WB estimates for 1999 has 18.5% of China under 
USD1 a day, compared to
about 40% for India, (2) China Stat Bureau for 1999 has rural Gini of 
.34 and urban of .29, where NCAER for India 1997-98 has .40 for rural 
India and .42 for urban India. Has it turned around that much over 
the past five years or so? If so, it would be a great argument on the 
inequality front against 'globalisation'.

kj khoo