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Books > Social sciences > Sociology, social studies > Social issues > Unemployment
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Personal Wealth from a Global Perspective (Hardcover, New)
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Personal Wealth from a Global Perspective (Hardcover, New)
Series: WIDER Studies in Development Economics
Expected to ship within 12 - 19 working days
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There is great media fascination in the activities and lifestyles
of the super-rich. But personal wealth is also important for those
of more modest means as a store of potential consumption, as a
cushion against emergencies, and as collateral for business and
investment loans. This book is the first global study of household
assets and debts. It documents not only the level, distribution,
and trend of wealth holdings in rich nations, but also addresses
developing countries like China and India. The situation in Latin
America and Africa is given attention along with the experiences of
Russia and other transition countries. Components of household
wealth like financial assets, land, and property are examined, as
well as the gender division. Worldwide, it is estimated that the
richest 2% own more than half of total global wealth, and that this
elite group resides almost exclusively in North America, Western
Europe, and rich Asia-Pacific countries.
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