Lesson 1, Topic 1
In Progress
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The trend: growing global inequality
The trend: growing global inequality
Around the year 1500 the major world regions China, India and Europe were equal in terms of per capita material production. With the rise of colonialism, the “Great Divergence” (3) between these world regions began to unfold and has set the path for centuries of growing global inequality, from colonialism to imperialism to the current divide of the Global North and the Global South.
Also in the last decades, most of the growing wealth went to those who were already very wealthy. Since 1995 the poorest half of the population together only captured 2% of the global wealth growth, while the richest 1% captured 38% of the total wealth growth.
3- Pomerantz, 2000
