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Rising Inequality in the New Global Economy

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  • N. Birdsall

Abstract

Reasons of high inequality in the modern world are considered in the article. In developing countries it interacts with underdeveloped markets and inefficient government programs to slow growth, which in turn slows progress in reducing poverty. Increasing reach of global markets makes rising inequality more likely and deepens the gap between rich and poor countries. Because global markets work better for the already rich, we should increase the representation of poor countries in global fora.

Suggested Citation

  • N. Birdsall, 2006. "Rising Inequality in the New Global Economy," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 4.
    • Handle: RePEc:nos:voprec:y:2006:id:1726
    DOI: 10.32609/0042-8736-2006-4-84-89
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