[lbo-talk] India 8th in billionaire club

John Mage jmage at panix.com
Fri Mar 18 09:14:54 PST 2005


Doug wrote:

>>> 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): <snip>

>

> China 0.447 Germany 0.283 India 0.343

The absurdly low World Bank Gini co-efficients for India (and Indonesia and Bangladesh and Pakistan) have been noted and criticized - the best demolition is from the excellent University of Texas Inequality Project (UTIP) of Jamie Galbraith. <http://utip.gov.utexas.edu/>

To get beyond the soundbite level, i suggest this paper by Galbraith and Kum. <http://utip.gov.utexas.edu/web/workingpaper/UTIP22-RV5.pdf> Note in particular Appendix A & the comparison of the World Bank data to their results as to household income, with these resulting Gini's for India: India - World Bank- 0.326

Household income- 0.484

john mage



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