Listen or watch Professor Tony Shorrocks, Honorary Professorial Research Fellow at the University of Manchester, Senior Research Fellow at the World Institute for Development Economics Research UNU-WIDER) in Helsinki, and Director of Global Economic Perspectives Ltd, discuss wealth levels, wealth distribution and wealth inequality.
Drawing on the Credit Suisse Global Wealth Report 2019, the lecture reviews the latest evidence on the level and distribution of household wealth, both within and between countries. It highlights the growing importance of China and other Emerging Market economies, which have taken over as the principal engine of global wealth growth in the post-crisis era. It also identifies and assesses the underlying factors which help explain the level and trend of global wealth inequality since 2000.