In-DepthGlobal

Political Economy: Conditioning Markets to Reduce Income Inequality

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It is now very much old news that economic inequality has risen dramatically in the United States and many other developed democracies over the past 30 years. This dramatic increase has produced a flurry of discussion over how severe the increase has been, how much of a problem inequality really is and what can and should be done about it. While inequality is resurgent as an issue in U.S. politics, it has a much longer and more prominent history in middle- and low-income countries. This is likely due to the fact that inequality in developing countries has historically been much […]

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