The Global Establishment and Global Inequality
Shift of tone in the globalisation debate?
There is no doubt: The way established economists and commentators talk about global economic inequality underwent a remarkable change. Even in traditionally orthodox circles there is a growing sense of urgency including calls for action. The debate on globalisation shows a very similar tendency which comes as no surprise since inequality and globalisation are two sides of the same coin. Rainer Falk gives an overview.
In its most recent World Economic Outlook (see notes) even the International Monetary Fund (IMF) dealt with the issue of “globalisation and inequality”. In the last two decades, according to the IMF, income inequality has increased in most regions and in most countries worldwide. At the same time, however, per capita incomes rose as well, even for the poorest. Since the income of the well-to-do rose much faster inequality increased ...
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Posted: 13 November 2007
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