But the causes of the resurgence are not all bleak
never going to be good for the poor. At first, however, the disease was not associated with rising inequality. Richer economies tended to suffer larger declines inper person than many poor ones in 2020—and within those countries hefty stimulus packages protected the poorest from penury.
To understand why, consider the two different forms of inequality researchers look at: gaps that occur within a country and those between countries. From the 1980s through the 2000s, inequality rose within most countries as rich Americans, Britons, Chinese and so on did better than their poorer compatriots.
In the 2000s, for example, an economy at the 30th percentile of the global income distribution grew two percentage points faster on an average annual basis than did America, in terms ofper person. In the 2010s, by contrast, GDP per person at the 30th percentile grew slightly slower than in America. As a consequence, measures of global inequality showed very little improvement, if any, from about 2014 until the eve of the pandemic.
Belgique Dernières Nouvelles, Belgique Actualités
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