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The European Union at 50<br />

Czech R 0,266 1 2 3200 9,9 2,8<br />

Hungary 0,27 1 2 3840 15,6 10,6<br />

Slovenia 0,282 1 2 7040 2,2 13,2<br />

Source: our own compilations from UNDP, 1996; World Bank, WDR, 1996;<br />

UNCTAD, 1996; Stiftung (1996, for <strong>the</strong> Freedom House data series); Polish<br />

Central Statistical Office, Poland Quarterly Statistics, 4, 2, 1996: 52<br />

(unemployment figures)<br />

Our analysis now shows that on <strong>the</strong> world level, even assum<strong>in</strong>g a polynomial<br />

expression of <strong>the</strong> third order, <strong>in</strong>equality - especially at <strong>the</strong> lower and middle<br />

stages - does not benefit economic growth, and only some outly<strong>in</strong>g cases push<br />

<strong>the</strong> curve upward aga<strong>in</strong> at <strong>the</strong> extremes. On <strong>the</strong> level of <strong>the</strong> trans<strong>format</strong>ion<br />

countries, <strong>the</strong> story is different, though:<br />

Graph 7.6: <strong>in</strong>equality and economic trans<strong>format</strong>ion on a world level and <strong>in</strong> <strong>the</strong><br />

trans<strong>format</strong>ion countries<br />

a) UNDP data on <strong>the</strong> difference between <strong>the</strong> top and <strong>the</strong> bottom 20% <strong>in</strong>come<br />

earners and economic growth on <strong>the</strong> world level, 1980-92<br />

b) data on <strong>the</strong> trans<strong>format</strong>ion countries<br />

Entelequia. Revista Interdiscipl<strong>in</strong>ar · CAEI Arno Tausch / 144

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