One view in the literature is that the East Asian economic model is superior to other models in the Global South (i.e. in the developing world), at least in terms of catch-up development and possibly even in innovations beyond the technological frontier. Unlike economic models in Latin America...

Maintaining today’s global imbalances would help to overcome the major disproportion of our times – income gap between developed and developing countries. This gap was widening for 500 years and only now, in the recent 50 years, there are some signs that this gap is starting to decrease. The...

One view in the literature (Popov 2020) is that East Asian model is superior to other models in the Global South, at least in terms of catch-up development and possibly even in innovations beyond the technological frontier. Unlike economic models in Latin America and Sub-Sahara Africa, the East...

The reversal of the trend towards the decline in income inequalities in the last three decades in most countries created favorable grounds for the rise of nationalist and anti-globalization feelings. Economic failures of countries, groups of people and individuals are among important factors...

There is evidence that income and wealth inequalities are positively associated with happiness, as measured by the happiness index, and negatively associated with the suicide rate (that is considered an objective indicator of unhappiness). Moreover, there is some evidence that happiness is also...

Some major trends in world income inequalities and relevant economic trends are reviewed here. In recent decades, there have been indications of a reversal of the growing income divergence between North and South after over half a millennium, especially in the last two centuries. Meanwhile,...

The relationship between inequality and happiness is counter-intuitive. This applies to both inequality in income and wealth distribution overall and also inequality at the very top of the wealth pyramid, as measured by billionaire intensity (the ratio of billionaire wealth to GDP). First,...

This paper aims at providing additional explanations of the shift in electoral preferences studied by Piketty (2018) – in the post-war period rich and educated voters in Western countries shifted from right-oriented to left-oriented political parties. It is argued that high income individuals...