Tuesday, March 15, 2011
The Economist study into 7 countries inequalities found that there was a range of inequalities. Britain was found to have the greatest regional inequality with the rich regions having 11 times the poorer regions. In America the rich have 5 times the GDP while the poorest have only 75% of the GDP. The recession has made the inequality worse, and as austerity measures kick-in, this inequality is likely to rise even more. The least unequal countries were Japan, Germany, and Italy with the difference between the rich and poor regions at about 2 to 3 times. Lastly, the graph below looks at the how many times the richest regions are than the poorest regions.