Is Inequality really on the rise?
Over the last 25 years, total global inequality declined for the first time since the Industrial Revolution, driven by falling between-country inequality as poor countries became richer. In this report for the
Brookings Institution, Ana Revenga and Meagan Dooley explain the sharp rise of in-country inequality in certain places. They explore the persistence of deep inequalities of opportunity in the accumulation of human capital; the role of superstar firms with exceptional market power; and the impact of technological change. They call for policies that make market-driven growth more pro-poor and inclusive, a reduction of inequality of opportunity and its intergenerational transmission, and progressive taxation and spending as a complement to - not a substitute for - policies that address the core drivers of inequality.
https://www.brookings.edu/blog/future-development/2019/05/28/is-inequality-really-on-the-rise/?utm_campaign=Brookings Brief&utm_source=hs_email&utm_medium=email&utm_content=73170720
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