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THE INCOME INEQUALITY IN THE EASTERN EUROPEAN COUNTRIES: A

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Author(s): Cristina Gabriela SUSANU

Journal: Annals of the Stefan cel Mare University of Suceava : Fascicle of the Faculty of Economics and Public Administration
ISSN 2066-575X

Volume: 11;
Issue: 2(14);
Start page: 119;
Date: 2011;
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Keywords: income inequality | poverty | Eastern Europe | globalization | transition | economic liberalization

ABSTRACT
This paper realizes a comparative study among Eastern European countries regarding their ways of economicgrowth characterized by a higher or lower increase of inequality in their income distribution. The market liberalizationfrom the early 1990s in the former communist countries have resulted in new distributions of income and wealth, thenew structural sources of poverty and inequality being often more extreme. The paper will focus on the factors thatcontributed to the rising social inequality in ten post communist countries, from 1990 to 2010, emphasizing on fourmain macroeconomic performance indicators, the annual economic growth rate, income distribution as Ginicoefficient, Human Development Index, and gross fixed capital formation rate for showing the level of investments.We will conclude at the end of the paper that in the last twenty years, between the former communist countriesfrom Eastern Europe, the gaps in distribution between the high and low income groups tend to enlarge, especially sinceall of them are developing countries. Although none of the countries from this region exceeds the critical upper level of40% on the Gini scale coefficient, together with a continuous degradation of the human development index in the lasttwo decades, the evolution of these countries is at least questionable.
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