Convergence Weighting by People Divergence Weighting by Nations: Cedarbrook Notes

Cedar Brook Notes: LYes, the world as a whole has become more equal over the past generation. This is overwhelmingly because two very large countries���India and China���have harvested a great deal of the low-hanging fruit of development because of better policies. If you think they will continue to do so, well and good: then you can be optimistic. If you think they will or may well not, then globalization and the rise of a global overclass augur for a future in which the rise of the Second Gilded Age is truly global rather than nationally American.