individuals. The term typically refers to inequality among individuals and groups
within a society, but can also refer to inequality among countries. The issue of
economic inequality is related to the ideas of equity, equality of outcome and equality
of opportunity.5 Observers differ on both the morality and utility of inequality,
whether, and/or how much inequality is necessary in society and how it can be
affected. It has been praised as necessary and beneficial, and attacked as a social
problem.6 We often use the shape of pyramid metaphor for the difference between the
income inequalities among each social stratum.
Take priority
Priority means “1.the condition of being prior; antecedence; precedence; or
2.the right of precedence over others; 3. something given specified attention; 4. Status
established in order of importance or urgency. ” 7 In this paper, it can be taken as A is
much more important than B vulgarly.
Developing country
According to the International Monetary Fund’s World Economic Outlook
Report, April 2012, China is one of the members in the list of developing countries. A
developing country, also known as a less-developed country (LDC), is a nation with a
low living standard, undeveloped industrial base, and low Human Development Index
(HDI) relative to other countries.8 The World Bank classifies countries into four
income groups, according to 2008 GNI per capita; China was in the penultimate rank,
which said: “Lower middle income countries had GNI per capita between US$1,006
and US$3,975.” 9
Policy
55.http://en.wikipedia.org/wiki/Income_gap
66. Wilkinson, Richard; Pickett, Kate (2009). The Spirit Level: Why More Equal
Societies Almost Always Do Better. Allen Lane. pp. 352. ISBN [[Special:
BookSources/1-84614-039-6|1-84614-039-6]].
7. http://www.thefreedictionary.com/priority
78. ^ Farlex Financial Dictionary. “Financial Definition of less-developed country”.
TheFreeDictionary.com. Farlex, Inc. http://financial-
dictionary.thefreedictionary.com/less-developed+country. Retrieved 18 November
2011.
8
99. “How we Classify Countries”. World Bank.
data.worldbank.org/about/country-classifications. Retrieved September 25, 2010.
10. http://news.xinhuanet.com/newscenter/2005-01/16/content_2467918.htm
11. Gini, C (1909) Concentration and dependency ratios (in Italian). English
translation in Rivista di Politica Economica, 87 (1997), 769-789.
12. Gini, C. (1936) On the Measure of Concentration with Special Reference to
Income and Statistics, Colorado College Publication, General Series No. 208, 73-79.