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Home / Tag Archives: Gini Coefficient

Tag Archives: Gini Coefficient

Malaysia: High Income Nation, but Low Income Rakyat

hin lir

Malaysia’s current socio economic structure can be summed up in four words, “Rich Malaysia, Poor Malaysians.” Malaysia is blessed with abundant natural resources with petroleum being the most precious. Add the land, other commodity resources, large youthful population and the country has all the essential ingredients to flourish. How then did this small nation of 30 million manage to end …

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The Myth of the Rich and Poor

Poor

The Myth of the Rich and Poor “They are simply lazy” “His father is a Tan Sri” “He knows someone from the inside” “I made it purely out of effort; I worked hard to get where I am today” These are some typical expressions that are sure to be heard in coffee chats, every time the topic of rich and …

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Malaysia Income Inequality World Ranking and by Continents

Income Inequality WORLD

The Gini coefficient measures the inequality among values of a frequency distribution (for example levels of income). A Gini coefficient of zero expresses perfect equality where all values are the same (for example, where everyone has an exactly equal income). A Gini coefficient of one (100 on the percentile scale) expresses maximal inequality among values (for example where only one …

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