Monday, January 31, 2011

Poorest Brazilians are as poor as the world's poorest...

...and the richest Brazilians are as rich as the world's richest. Furthermore, the median Brazilian has an income close to the poorest 5% Americans.
Very cool graph (via Economix; I suggest the whole post):

The graph comes from "The Haves and the Have-Nots,” by Brancko Milanovic. (He is the coauthor (with Lindert and Williamson) of a great paper).

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