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Please be advised that future verbal and written communications from the bank may be in English only. These communications may include, but are not limited to, account agreements, statements and disclosures, changes in terms or fees; or any servicing of your account.

Por favor, tenga en cuenta que es posible que las comunicaciones futuras del banco, ya sean verbales o escritas, sean únicamente en inglés. Estas comunicaciones podrían incluir, entre otras, contratos de cuentas, estados de cuenta y divulgaciones, así como cambios en términos o cargos o cualquier tipo de servicio para su cuenta.

Informamos que as futuras comunicações do banco, verbais e escritas, podem estar disponíveis apenas em inglês. Essas comunicações podem incluir, entre outras, acordos de conta, extratos de conta e divulgações, alterações aos termos ou tarifas, ou qualquer tipo de serviço pertinente à sua conta.

仅此通知,本行即日起发出的口头及书面通信可能将只提供英文版本。这些通信可能包括但不限于账户协议,账单和通知,条款或费用变更;或任何为您账户提供的服务。

Please be advised that future verbal and written communications from the bank may be in English only. These communications may include, but are not limited to, account agreements, statements and disclosures, changes in terms or fees; or any servicing of your account.

Por favor, tenga en cuenta que es posible que las comunicaciones futuras del banco, ya sean verbales o escritas, sean únicamente en inglés. Estas comunicaciones podrían incluir, entre otras, contratos de cuentas, estados de cuenta y divulgaciones, así como cambios en términos o cargos o cualquier tipo de servicio para su cuenta.

Informamos que as futuras comunicações do banco, verbais e escritas, podem estar disponíveis apenas em inglês. Essas comunicações podem incluir, entre outras, acordos de conta, extratos de conta e divulgações, alterações aos termos ou tarifas, ou qualquer tipo de serviço pertinente à sua conta.

仅此通知,本行即日起发出的口头及书面通信可能将只提供英文版本。这些通信可能包括但不限于账户协议,账单和通知,条款或费用变更;或任何为您账户提供的服务。

Citi-GPS:-Inequality-and-prosperity-in-the-industrialized-world

Perspectives

Citi GPS: Inequality and prosperity in the industrialized world

Author

By Citi GPS, Global Perspectives & Solutions

September 22, 2017Posted InInvestments, Foreign Exchange, Equities and Investment Strategy

On average, income inequality within developing economies is very high, particularly in Africa, and higher than in the industrialized world, which creates its own major development challenges. But, in aggregate, global income inequality has declined from the late 1980s, and particularly rapidly from about 2008, as developing economies have, on average, closed some of the gap with industrialized countries. Previously, at least since the early 19th century, global inequality had increased. The driving factors behind this change have included the very real impact of globalization and technology on trade and employment, and also the transition of the formerly Communist bloc in Eastern Europe. In very simple terms, globalization has been a positive force in leveling inter-country inequality over the past 30 years. At the same time, the share of the world’s population estimated to be below the World Bank’s $1.90/day extreme poverty threshold has fallen drastically, from 35% in 1990 to 11% in 2013. Despite a major expansion in world population, the number of people in extreme poverty has fallen dramatically from 1.85 billion to under 800 million.

However, within-country inequality in the larger developing countries — the same economies that have enjoyed large income growth and narrowed the differences with rich countries, such as China, India, and Indonesia — has actually increased substantially in recent years. As a result, income inequality within countries now accounts for around a third of global inequality, when it was only one-fifth in 1988. The contribution of inter-country inequality has correspondingly shrunk.

Read the full report here.