Inequality and Growth: Patterns and Policy
Volume II: Regions and Regularities
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Beschreibung
It was a part of the wisdom of mainstream economics that in the early stages of development inequality would rise but, as growth persisted, it would, eventually, decline. Early evidence seemed to suggest that this pattern would be borne out. But, as time passed and growth persisted, inequality continued to grow, casting doubt on the received wisdom. The aim of this two-volume book is to analyze the current state of global and regional inequality, dissect the phenomenal increase in inequality that we have seen occur in recent times, and better understand the complex relationship between inequality and development. The political instability and conflict that we see around the world, arguably, has connection to economic deprivation of large segments of society and the perception of marginalization. This two-volume work acquires a special significance in the light of these developments.
It was part of common wisdom that in the early stages of development inequality would rise, but it would, eventually, decline. As time passed and growth persisted, inequality has, however, continued to grow, casting doubt on the received wisdom.
Joseph Stiglitz is an extremely highprofile and wellregarded economist who won the Nobel Prize for Economic Sciences in 2001. Kaushik Basu is also a very wellknown and respected economist who currently holds the position of Chief Economist and Senior Vice President of the World Bank. Numerous influential economists and policymakers contribute to this volume, providing a thorough and comprehensive insight into the links between economic development and inequality.
Autor*in
Joseph E. Stiglitz
Themen in »Inequality and Growth: Patterns and Policy«
Inequality Growth Shared Prosperity Wealth Poverty Prejudice Discrimination Latin America India Arab Countries development Economic Development economic growth growth Income inequality
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“This valuable and timely collection results from an International Economics Association gathering in Dead Sea, Jordan … . this is a valuable collection not only for development economists but for all those interested in the classical issues of political economy.” (Valpy FitzGerald, Journal of Economic Literature, Vol. 56 (2), June, 2018)
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