- 2014-04-04 10:10:51
Evidence for this conclusion has included statistical data from the World Bank showing that the ratio of the incomes of twenty highest-income nations to that the twenty lowest-income nations increased from 23-to-one in 1960 to 36-to-one by 2000. But such statistics are grossly misleading because neither the top twenty nations nor the bottom twenty nations were the same in 2000 as in 1960. Comparing the same twenty nations in 1960 and in 2000 shows that the ratio of the income of the most prosperous nations to that of the most poverty-stricken nations declined from 23-to-noe to less that ten-to-one. Expanded international trade is one of the ways poor nations have risen out of the bottome twenty.
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