(Source: UNESCO - United Nations Educational, Scientific and Cultural Organization) Why do poverty and inequality persist despite sustained economic growth? Must development be inegalitarian, as some theories suggest? Ravi Kanbur, Professor of World Affairs at Cornell University, N.Y., joins the debate on whether rising inequality is a necessary condition for higher growth, or whether higher inequality results in lower growth. Article published in Wide Angle to mark the International Day for the Eradication of Poverty - 17 October. Income inequality is directly objectionable from an ethical point of view. But my focus here is on inequality as being instrumentally relevant to economic growth...
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