Sunday, February 14, 2010

Top 20% of Countries Earn 82.7% (80.73%) of Global Income (Nobel Prizes)

Wikipedia: "The Pareto principle (also known as the 80-20 rule) states that, for many events, roughly 80% of the effects come from 20% of the causes."

The example provided in the Wikipedia entry is the distribution of global income in 1989 (see chart above). Interestingly, the distribution of the 1,820
Nobel prizes awarded from 1901-2009 to recipients in 57 different countries mirrors the global income distribution almost perfectly (see chart above).


At 2/14/2010 6:52 PM, Anonymous American Delight said...

Another tidbit that bears that out: in the debt collections industry, oftentimes the top 20 percent of delinquent accounts represent 80 percent of debts owed.

At 2/16/2010 4:54 AM, Blogger Dave said...

How about using the word "produce" instead of "earn"?

Although I do like "earn" much better than the typical "receive".

At 2/16/2010 5:44 PM, Anonymous Anonymous said...

Break down the list into form court proceedings to show how a strong civil procedure process greatly helps overall income. Weak or easily bought systems have much much lower incomes.

1. by jury
2. by single judge no jury
3. by three judge panel no jury

The 2nd and 3rd ones often are in the more problematic countries.

This roughly breaks down countries by whom was their original colonial parent country.


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