Global Inequality:Differences between Countries ·Low Income Countries -GDP under $755 per person Mostly agricultural economies that have only recently began to industrialize Accounts for 37%of the world's population Produces only 3%of the annual output of wealth6 Global Inequality: Differences between Countries • Low Income Countries – GDP under $755 per person – Mostly agricultural economies that have only recently began to industrialize – Accounts for 37% of the world’s population – Produces only 3% of the annual output of wealth