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er capita income can be used as welfare indicators.

This model can be written as follows:

GINIi = b 0 + b1GINDEXi + _jg jREGION ji + ui

GINI = Gini Coefficient

GINIDEX = Globalization index

REGION = J vector of regional dummies

u = error term

i = country.

The Gini coefficient is a standard measure of income inequality.

Results of key studies into changing income distribution: 收入分配变动的关键研究结果：
There was a consistent output growth during 20th century exceeding population growth. Between 1950 and 1973, the highest growth achieved. It was seen by many economists as the initial wave of globalization. There were substantial variations in the average growth rate as during 1980-1990 growth was 3.3%pa and during 1990-2000 it was 2.7%pa. China has consistently highest growth rate with more than 10% for over 20 years. China has got the 2nd place in 25 years and has grown to 40% of the size of USA economy as compared to 10% earlier. East Asia and Pacific saw the highest growth rate while Europe and central Asia being the slowest rates of growth. But the economies with high income have grown at lower than the world average which has resulted in major global shift. USA with around 23% of world GDP, 311 million of population and around $50000 person per capita income is still the world's largest market (Yu Hsing, (2005) pp 640). In spite of experiencing a substantial relative decline from 1950(when it was on peak) is the world's biggest importer of services and goods. Global shift has resulted in the declining importance of the Traid economies. BRIC (Brazil, Russian, India and China) countries have emerged with substantial demand for goods and services and for inputs as well. Approx 18% of world income is coming from the BRIC economies and they accounts for 43% of world population. High growth rates and uneven income distributions will result in massive future demand. China contributes more than 10% to world economics or 14% when prices are adjusted. China is supposed to take over America before 2040 with the same growth rate. Is spite of having low per capita income, it has an emerging middle class of more than 200millions. Brazil is the largest economy but its per capita income is below the other major economies. Mexico (NAFTA) is the 14th largest economy and has 114 million of population putting it on 11th place. Venezuela has the highest per capita income and Uruguay and Chile are competing with it. Poland stands at 23rd position in the term of economy and with population of over 38 million it has around $14000 per capita income. Slovenia has a per capita income of $23610 but has a very small population that comes to around 2 million. Czech with a population of 10.6 million has $18520 per capita income. Globalization has not much benefitted African content despite of owning the natural resources which have great demand. In comparison with the richest countries it has come down to 1/20 as compared to 1/9 during 1900. Average real incomes have come down in comparison of that was 30 years ago. Sub-Saharan Africa which has 12.5% of the world's population accounts for 1.7% of world income and is generating a per capita income of $1254. Rising commodity prices has resulted in above average growth rates recently (Serge Svizzero, Clem Tisdell, (2003) pp 1125). South Africa which is the largest economy of continent and