By Selwyn Duke

Increasing worldwide sports competition over the last 60 years has made it harder for Westerners to dominate the rankings in athletics. Likewise, points out a former World Bank research economist, increased competition in wealth creation — which he frames as diminishing inequality — means it will become harder for Westerners to dominate the wealth rankings as their relative purchasing power decreases.

Moreover, says City University of New York professor Branko Milanović, he sees this as “a rather good outcome.”

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