"Global inequality has been declining fast since 1990s. During the nineteenth and most of the twentieth centuries, global inequality increased dramatically, reflecting widening disparities between countries' per capita income as advanced economies took off sharply compared with the rest of the world. The revival in global economic cooperation in the middle twentieth century ushered in an era of growth and development. Subsequently, per capita GDP growth rates accelerated in less developed countries, particularly in Asia, resulting in convergence in income levels across countries (Bourguignon, 2015). Millions of households were lifted out of poverty. As a result, the global income inequality first stabilized and then started to rapidly decline over the last three decades."<p>-- International Monetary Fund <a href="https://www.imf.org/en/Topics/Inequality/introduction-to-inequality" rel="nofollow noreferrer">https://www.imf.org/en/Topics/Inequality/introduction-to-ine...</a><p>As measured by the Gini coefficient, global inequality is lower than it has been for over a century.