Tuesday, October 11, 2016

Global Inequality: A New Approach for the Age of Globalization

Global Inequality takes us back hundreds of years, and as far around the world as data allow, to show that inequality moves in cycles, fuelled by war and disease, technological disruption, access to education, and redistribution. The recent surge of inequality in the West has been driven by the revolution in technology, just as the Industrial Revolution drove inequality 150 years ago. But even as inequality has soared within nations, it has fallen dramatically among nations, as middle-class incomes in China and India have drawn closer to the stagnating incomes of the middle classes in the developed world. A more open migration policy would reduce global inequality even further.

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