The benefits of growth have not trickled down. Income inequalities have become one of the biggest global challenges, attracting growing attention not only in academic literature but also among policymakers globally. The world community is increasingly highlighting the pernicious influence of inequalities on social stability and development outcomes. High levels of inequality generate high costs for society, dampening social mobility, undermining the labour market prospects of vulnerable social groups, and creating social unrest. Rich and poor countries alike suffer from this phenomenon.
Posted on: Wed, 18 Sep 2013 21:36:19 +0000
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