Discussion Paper Details

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Title: The global inequality boomerang

Author(s): Ravi Kanbur, Eduardo Ortiz-Juarez and Andy Sumner

Publication Date: March 2022

Keyword(s): Covid-19 pandemic, Global inequality and inequality boomerang

Programme Area(s): Development Economics

Abstract: In this paper we argue that the decline in global inequality over the last decades has spurred a 'sunshine' narrative of falling global inequality that has been rather oversold, in the sense, we argue, it is likely to be temporary. We argue the decline in global inequality will reverse due to changes in the between-country component. We find there is a potentially startling global inequality 'boomerang', possibly in the mid-to-late 2020s, which would have happened even if there were no pandemic, and that the pandemic is likely to bring forward the global inequality boomerang.

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Bibliographic Reference

Kanbur, R, Ortiz-Juarez, E and Sumner, A. 2022. 'The global inequality boomerang '. London, Centre for Economic Policy Research.