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In
2005, the
World Bank
published the
World
Development
Report 2006 on
the question
of equity,
while the
United Nations
published its
biennial
Report on the
World Social
Situation
entitled The
Inequality
Predicament
despite very
important
differences,
both these
volumes
focused on the
question of
inequality and
advocated
equity: the
World Bank
report
advocates what
it calls
'equal
opportunity',
whereas the UN
report
emphasized the
structural
determinants
of inequality
in the global
system. In
October 2007,
the
International
Monetary Fund
published its
World Economic
Outlook on the
subject of
Globalization
and
Inequality.
The
publication of
these volumes
has served to
re-legitimise
study of the
causes,
measurement
and
consequences
of inequality.
Meanwhile,
preliminary
estimates show
that the
concentration
of wealth
throughout the
world is much
higher, and
perhaps has
been growing
faster, than
the
concentration
of income
(Davies, et
al. 2006).
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