A lecture by Professor Yves Flckiger, Vice Rector of Universite de Geneve
The average wealth level for 38 countries in the world represents 56% of world population and 80% of world wealth. By examining the key players in the world market, this statement can be extrapolated to the rest of the world. Wealth is distributed in numerous ways, with real property playing a greater role in less developed countries and financial assets playing a greater role in the richest countries. This placement of value on different capital has created wealth disparities between developed and less developed countries. North America, Europe and rich Asia-Pacific are estimated to own 90% of world wealth whereas Africa, China, India and most Asian counties fall vastly behind with per capita income falling by a factor of 10.
Will this trend continue?
Professor Yves Flückiger has studied sociology and economics at the University of Geneva, where he received his Ph.D. From 1996 to 2003, he has been Member and Vice-President of the Swiss Competition Commission. Yves Flückiger has been Research Associate at the Universities of Harvard (USA) and Oxford (UK) and Invited Professor at the Universities of Lausanne, Fribourg (Switzerland) and Deakin (Australia). He has written numerous books and articles published in international reviews (among others, The International Trade Journal, Economics Letters, Journal of Econometrics, Journal of Income Distribution, The Oxford Bulletin of Economic and Statistics, Swiss Journal of Economics and Statistics, Economie Appliquée). Since July 2007 he is the Vice-Rector of the University of Geneva.
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