A few weeks ago, I got a phone call from a very senior civil servant in the UK Government.
“There is a new report from the OECD on the UK’s economic performance, and it shows us to be a very risky country,” she said.
She was referring to the OECD’s latest economic report on the country’s performance, which is due out later this month.
“It shows that the UK is one of the worst performing countries in the OECD.”
I was stunned by this.
She had been working in the Department of the Economy for almost two years.
I was surprised.
The UK has one of its worst economies in the world, and yet the OECD has called the country the world’s worst economy.
Why is the UK so bad?
It’s a simple question: does the UK have an unusually low level of inequality?
The OECD, in fact, uses a very broad definition of inequality.
According to its latest annual report, inequality is “the proportion of income that is controlled by a single person or group of persons, compared to the distribution of income between individuals, families, and society as a whole”.
That means that if a given group of people control a larger share of income than everyone else, that group will earn more.
The more unequal a society is, the greater the chance that some groups will have a disproportionate share of the income.
The OECD also says that the most unequal societies are those with a population of 10 or more million.
The US, Canada, and the UK are among the most extreme examples.
But there are other countries in Europe and the US where inequality is less extreme.
These countries are not the most dangerous in terms of economic outcomes, but they are not as well known as, say, Germany, France, and Italy.
The reason is that the US, which has a far greater economy than many of the countries the OECD uses to compare countries, has a much larger population than those other countries.
In this case, inequality means that a large percentage of the population does not earn enough to live on.
This can be a serious problem, as it makes it difficult for people to get ahead.
Inequality can be also caused by an economic system that allows the wealthy to gain a disproportionate amount of wealth.
In the US for example, income inequality is greater than 50 per cent.
In Britain, it is even greater.
In Australia, inequality has been rising over the past two decades, but it has slowed in recent years.
The average income of people in the top 10 per cent of income earners in the country is more than $2.3 million a year.
In Germany, inequality was higher than $3.2 million a couple of years ago.
In Italy, inequality peaked at more than 5 per cent in 2011.
What about in countries that are not in the US?
Well, the US has a lot of these countries, including Brazil, Russia, Turkey, and India.
The same applies to Europe, and a lot more countries in Africa.
The United States is a fairly rich country.
The inequality is not as extreme as in Europe, but inequality is still much higher.
How is this possible?
This is not a simple answer, but the OECD does use an indicator called “the gap”.
This measure measures the gap between the share of total income that goes to the top and the share that goes back to the bottom.
It is also known as the “inequality gap”.
When a country has more inequality, it means that more of its people earn less.
The bigger the gap, the more inequality there is in the society.
The other factor that explains inequality is economic policy.
Policies can be either progressive or regressive.
If a country makes more progress towards increasing inequality, its people will earn less, which in turn makes it more attractive to investors and businesses.
A country that has more progress, however, will be less likely to be tempted to invest in new business.
And if it makes less progress, it will not be able to attract investment.
A regressive policy is one that causes people to earn less because they are less likely than their less advantaged counterparts to earn more money.
It’s also known in economics as a “sustainability gap”.
Another important indicator is the inequality gap of the country that was surveyed.
The gap is a ratio of the average income between the top 20 per cent and the bottom 20 per of people, based on the data from the US Census Bureau.
Countries that are more unequal will have smaller gaps between the income of the top one per cent to the average of the rest of the people.
The countries that have smaller inequality gaps will also have lower inequality.
For example, countries that make less progress towards raising inequality have lower gaps between inequality and the income share of those at the top of the distribution.
So, if a more unequal country is attracting investment and attracting the best people from all over the world to work in its country, it’s a good place to be.
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