GLOBALIZATION HAS MADE the world a more equal place, lifting the economic fortunes of billions of poor people over the last quarter century. Here’s the rub: At the same time, it has made richer countries more unequal—squeezing the incomes of the poor and the middle class.
For a while, the financial crisis appeared to have reversed the trend toward more inequality in industrialized countries. But the latest data suggest it was only a…
See the original post: Looking at a Two-Track Future
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