Imagine There’s No Country: Poverty, Inequality, and Growth in the Era of Globalization
(Institute for International Economics, 2002)
The level of global poverty has fallen from 44 percent of the world's population in 1980 to just 13 percent today — far greater decline than that suggested by the World Bank. Surjit S. Bhalla, a former economist with the World Bank, focuses on individuals rather than countries to conclude that global inequality also declined dramatically during the era of globalization and is now at its lowest level since 1910. According to Bhalla, the last two decades have been "the 20 best years in the history of poor people." Carol Graham will comment on the rise of inequality within countries and its significance to globalization and the poor.