Examining the current global scene of distributional disparities within nations, the author argues, among other things, that globalisation is creating a distributional scenario in which what really matters is the income-share of the rich. So, any attempt to understand the within-nations disparity of inequality should always be premised on this basic distributional fact.

This paper has been published in Cambridge Working Papers in Economics (CWPE) 1111 and is available at
http://www.econ.cam.ac.uk/dae/repec/cam/pdf/cwpe1111.pdf

March 18, 2011.