Global Distribution
After dividing the world into separate regions and determining each regions’ overall income inequality rate, it was discovered that, as a whole, South America was the part of the world that experiences the highest income inequality rate at an average of around 60 on the R/P 10% scale. These rates are determined by the ratio of the average income of the richest ten percent to the poorest ten percent of the population of a country. Then, after digging around and researching all the major countries of South America, it was determined that the country of Bolivia held the highest rate at 93.9.
On the opposite side of the spectrum lies the region of the globe where the rates of income inequality are the lowest on average. This region is Asia. The rate calculated was lower on average compared to other regions of the world that are equally developed as Asia. One theory for this lower income inequality rate is the large industrial complex developed in the top countries of the region. Asia contains the countries China, Japan, India, and Russia, which are all very developed countries. Of those countries, China holds the lowest income inequality rate. The actual rate for China is around 20.
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