Personal Wealth from a Global Perspective Hardback
Edited by James B. (Professor and RBC Financial Group Fellow, Department of Economics, University of W Davies
Part of the WIDER Studies in Development Economics series
There is great media fascination in the activities and lifestyles of the super-rich.
But personal wealth is also important for those of more modest meansas a store of potential consumption, as a cushion against emergencies, and as collateral for business and investment loans.
This book is the first global study of household assets and debts.
It documents not only the level, distribution, and trend of wealth holdings in rich nations, but also addresses developingcountries like China and India.
The situation in Latin America and Africa is given attention along with the experiences of Russia and other transition countries.
Components of household wealth like financial assets, land, and property are examined, as well as the gender division.
Worldwide, it isestimated that the richest 2% own more than half of total global wealth, and that this elite group resides almost exclusively in North America, Western Europe, and rich Asia-Pacific countries.
- Format: Hardback
- Pages: 496 pages, tables and figures
- Publisher: Oxford University Press
- Publication Date: 16/10/2008
- Category: Poverty & unemployment
- ISBN: 9780199548880