Economic Inequality
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Economic Inequality
There are wide varieties of economic inequality, most notably income inequality measured using the distribution of income (the amount of money people are paid) and wealth inequality measured using the distribution of wealth (the amount of wealth people own). Besides economic inequality between countries or states, there are important types of economic inequality between different groups of people. Important types of economic measurements focus on wealth, income, and consumption. There are many methods for measuring economic inequality, the Gini coefficient being a widely used one. Another type of measure is the Inequality-adjusted Human Development Index, which is a statistic composite index that takes inequality into account. Important concepts of equality include equity, equality of outcome, and equality of opportunity. Whereas globalization has reduced global inequality (between nations), it has increased inequality within nations. Income inequality between nat ...
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GINI Index World Bank Up To 2018
Gini may refer to: * Gini coefficient (also the Gini index) in economics, an indicator of income equality *G.I.N.I., a predecessor organization to Post-Polio Health International *Gini (soft drink), a French brand of soft drink *A jinni, or djinni or genie, a member of the jinn supernatural beings People Given name *Gini Koch, American fantasy/SF writer *Gini Cruz Santos (born 1966), Filipina animator at Pixar *Gini Graham Scott (born 1942), American non-fiction author in various fields *Gini Reticker, American film director Surname * Corrado Gini (1884–1965), Italian statistician, demographer, sociologist and developer of the Gini coefficient *Luis Gini (born 1935), Paraguayan footballer *Mahabub Ara Begum Gini (born 1961), Bangladeshi politician * Marc Gini (born 1984), Swiss alpine skier *Maria L. Gini Maria Gini is an Italian and American Computer Scientist in artificial intelligence and robotics. She has considerable service to the computer science artificial intelli ...
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Newly Industrialized Country
The category of newly industrialized country (NIC), newly industrialized economy (NIE) or middle income country is a socioeconomic classification applied to several countries around the world by political scientists and economists. They represent a subset of developing countries whose economic growth is much higher than other developing countries; and where the social consequences of industrialization, such as urbanization, are reorganizing society. Definition NICs are countries whose economies have not yet reached a developed country's status but have, in a macroeconomic sense, outpaced their developing counterparts. Such countries are still considered developing nations and only differ from other developing nations in the rate at which an NIC's growth is much higher over a shorter allotted time period compared to other developing nations. Another characterization of NICs is that of countries undergoing rapid economic growth (usually export-oriented). Incipient or ongoing indus ...
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