Global income distribution Econ # 3 pages

Globalization is bringing developing and industrial countries together in a system of global markets for goods, services, and importantly, factors of production. The figure shows the poor, globally, have gotten richer, the rich have gotten richer, but, the middle class in high income countries have gotten poorer.
This is shown in the figure by the growth in income for the 8-75 percentile range was above average (red dotted line), and also this is true for the 99-100 percentile range. The poorest of the poor, the bottom 8 percent had slower than average income growth. But the bulk of slower income growth occurs between the 80 to 93 percent range associated with the rich countries’ middle and working classes.
Source: Lakner