Blog #9 India, China helping decrease global inequality: IMF

The article talks about inequality around the world primarily in India and China.  According to the International Monetary Fund the rise of India and China has lowered global inequality. Global inequality is driven by high rates of growth with higher living standards. With China and India being two of the most populated countries in the world the increased income to the countries helps a great deal with the inequality. IMF said that much of the growth came from access to finances and grater access to banking braches lowered income inequality in the US. China and India moved up on the list of the top 25 systematic trading centers.

China and India making more money helps global inequality go down a lot, because of there populations but what about the rest of the very poor countries.  The labor and cheep products produced by India and China are mainly purchased by the US.  I don’t think Bangladesh is getting any richer.  This is a good example of how two largely populated countries bring the mean wealth of the world up without all the countries in the world actually being more prosperous. 

http://economictimes.indiatimes.com/news/politics/nation/india-china-helping-decrease-global-inequality-imf/articleshow/9958292.cms