Rising Inequality in the New Global Economy

N. Birdsall

Voprosy Ekonomiki, 2006, issue 4

Abstract: Reasons of high inequality in the modern world are considered in the article. In developing countries it interacts with underdeveloped markets and inefficient government programs to slow growth, which in turn slows progress in reducing poverty. Increasing reach of global markets makes rising inequality more likely and deepens the gap between rich and poor countries. Because global markets work better for the already rich, we should increase the representation of poor countries in global fora.

Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:y:2006:id:1726

DOI: 10.32609/0042-8736-2006-4-84-89

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