And, finally, I will offer some views on how Asian economies can respond to the slowdown by rethinking their “export-led growth” paradigm. 1 The World Economic Outlook’s headline growth numbers aggregate global growth, using PPP-based GDP weights.
Between 1990 and the early 2000s, some measures of income inequality, such as the Gini coefficient, increased, though the picture varies substantially from country to country and does not appear to be a generalised phenomenon (with an increase in the UK, China and the US, no change in India, and falling inequality in France and Brazil).