India is suddenly in the news for all the wrong reasons. It is now hitting the headlines as one of the most unequal countries in the world, whether one measures inequality on the basis of income or wealth.
So how unequal is India? As the economist Branko Milanovic says: “The question is simple, the answer is not.” Based on the new India Human Development Survey (IHDS), which provides data on income inequality for the first time, India scores a level of income equality lower than Russia, the United States, China and Brazil, and more egalitarian than only South Africa.
According to a report by the Johannesburg-based company New World Wealth, India is the second-most unequal country globally, with millionaires controlling 54% of its wealth. With a total individual wealth of $5,600 billion, it’s among the 10 richest countries in the world – and yet the average Indian is relatively poor.
Compare this with Japan, the most equal country in the world, where according to the report millionaires control only 22% of total wealth.
In India, the richest 1% own 53% of the country’s wealth, according to the latest data from Credit Suisse. The richest 5% own 68.6%, while the top 10% have 76.3%. At the other end of the pyramid, the poorer half jostles for a mere 4.1% of national wealth.
What’s more, things are getting better for the rich. The Credit Suisse data shows that India’s richest 1% owned just 36.8% of the country’s wealth in 2000, while the share of the top 10% was 65.9%. Since then they have steadily increased their share of the pie. The share of the top 1% now exceeds 50%.
This is far ahead of the United States, where the richest 1% own 37.3% of total wealth. But India’s finest still have a long way to go before they match Russia, where the top 1% own a stupendous 70.3% of the country’s wealth.
The correct answer is Lewis Henry Morgan
Recognized as one of the founders of modern scientific anthropology, Lewis Henry Morgan was the first to study kinship systems and devised an ambitious theory about man's cultural evolution.
Morgan developed a general theory of the cultural evolution of society, which would take place in three stages: savagery, barbarism and civilization, each marked by the predominance of certain techniques and institutions. The acquisition of a new technique or capacity would mark the end of one stage and the beginning of the next. Thus, the invention of ceramics started barbarism, and writing, civilization.
Although Morgan's theories have revealed themselves over time to be excessively linear and incomplete, his proposal of direct examination of primitive communities and the integration of different cultural, economic and historical factors lent anthropology rigor.
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Answer:
Water evaporates from the ocean, it turns into a cloud, the cloud rains, and it starts over again.
The speaker of the house is in front of the house of representatives. She usually does not preside over the debates personally, instead she delegates this function to another member of the majority party´s chamber. In addition to presiding over the chamber, she has administrative and procedural functions and remains a Representative of his own district.
It occupies second place in the line of presidential succession, after vice presidency of the United States, which also assumes <em>ex officio </em>the presidency <em>pro tempore </em>of the senate. It is a similar charge to the election of a prime minister in a parliamentary regime.
