Executive summary

“A rising tide lifts all boats” they say. It is a neat aphorism – build up the economic engine, and everyone will benefit. But a closer inspection of facts and historical evidence across economies reveals large variations in the tidal range – some boats, probably yachts, have indeed been lifted but others languish on the mudflats. While economic growth and productivity increases bring great rewards, they have by no means been evenly distributed – and this comes at a significant cost for people, prosperity and the planet.

Sustainable Development Goals:

Reduced Inequalities