Meanwhile, the typical Indian household is richer than 23 percent of the world. Global inequality is bad, you guys.
The Gini coefficient has a lot of problems. The Palma ratio — the top ten percent's share of income, divided by the bottom 40 percent's — is a better measure. And at a global level, it's staggeringly high.
The poorest Argentinians and Indians are actually poor. The poorest Americans are solidly middle-class, from a global perspective.
Could more women in the workforce make for a more stable and prosperous global economy? Key IMF officials think so.