The Impact of China and India on the Global Standard of Living

If you're looking at kind of the change in the global standard of living and income distribution, I don't think you really want to take China and India out of that picture. It's because of the strong growth in those two countries that you get this dramatic reduction in world poverty over the last 25 years or so. And also some movement away from income inequality. You wouldn't get that if you just looked at countries in an even way.