International Income Inequality and per capita Income Rates of Growth: A Cross‐Section Analysis Available to Purchase

The purpose of this article is to investigate the problem of international income inequality and the growth rates of different income classes. The Myrdal thesis of the cumulative process of the international mechanism of inequality is challenged. Countries which have reached a certain level of per capita income and have acquired a re‐allocative and transformative capacity grow at an accelerated pace which tends to narrow the gap between them and rich countries. The widely held view that the rich countries become richer and the poor become poorer does not hold without qualifications and further analysis.