 Inequality and GrowthKaushik Basu and Joseph Stiglitz No 24984 in World Bank Publications - Books from The World Bank Group Abstract: 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. Keywords: Macroeconomics; and; Economic; Growth-Economic; Development; Macroeconomics; and; Economic; Growth-Fiscal; &; Monetary; Policy; Poverty; Reduction-Achieving; Shared; Growth; Poverty; Reduction-Equity; and; Development; Poverty; Reduction-Inequality (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbpubs:24984 Access Statistics for this book More books in World Bank Publications - Books from The World Bank Group 1818 H Street, N.W., Washington, DC 20433. Contact information at EDIRC. |
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