The globalization has decreased global wealth inequality between nations but has grown wealth inequality within countries. Developing nations are defined by more significant inequality than developed countries. However, there are anomalies to this law: in some developed nations, such as the US, the Gini index is high.
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National net wealth is the total amount of the value of a nation’s assets minus its debts. It refers to the total value of net wealth owned by the residents of a nation.
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An insightful look at global wealth distribution: the wealthiest nations, why they lead, and the countries with the fastest-growing economies.
Read MoreSocial scientists have used the Gini coefficient as the most common measure of global inequality (the income or wealth distribution of a nation’s residents). It was developed by the Italian statistician and sociologist Corrado Gini and published in 1912. A Gini coefficient of zero expresses perfect equality, where everyone has the same income. A Gini coefficient of 1 (or 100%) expresses maximal inequality among peoples.
Read MoreWealth is the profusion of a worthy financial asset which can be transformed into a form that can be used for purchasing.
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