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Trade and Development Report 2012

Inclusive Policies for Sustainable Growth

image of Trade and Development Report 2012
In the context of the ongoing fallout from the global financial crisis, income distribution is back to the centre of economic analysis and policies. This publication explores the linkages between income distribution, growth and development. It analyzes the evolution of income inequality over the last decades in different regions and groups of countries. It also examines the explanations given for the widespread rise of inequality. The report questions the thesis that rising inequality is a necessary condition for successful development. Based on a comprehensive theory of economic policy elaborated in former reports, this book argues that only inclusive development policies create the conditions for sustainable and rapid growth.

English Spanish, French

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Income inequality: The main issues

Economic inequality has re-emerged as a central policy concern in the wake of the global crisis, as the past three decades have witnessed rising global inequalities over periods of both growth and slump. Against this backdrop, this Report addresses an old question: whether rising (or high) income inequality is an inevitable outcome – or a necessary factor – of economic development; or whether it is possible, and even desirable, to reduce income inequality, in order to achieve more inclusive growth as well as to overcome the present economic challenges and create the conditions necessary for a more sustainable and rapid development process in the long run.

English Spanish, French

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