[lbo-talk] India 8th in billionaire club

Doug Henwood dhenwood at panix.com
Fri Mar 18 06:58:57 PST 2005


KJ wrote:


>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

Here's what the World Bank has for some interesting countries (all figs from between 1998 and 2001):

Argentina 0.522 Brazil 0.585 Chile 0.571 China 0.447 Germany 0.283 India 0.343 Russia 0.456 Sweden 0.250 United Kingdom 0.360 United States 0.408

By the way, the champs in the WB database are:

Namibia 0.706 Lesotho 0.632 Botwswana 0.630 Cent Afr Rep 0.613 Swaziland 0.609 South Africa 0.593 Brazil 0.585

Poor Brazil, a mere #7.

Doug



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