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Confronting Inequality: How Societies Can Choose Inclusive Growth

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Choosing inclusive growth to confront inequality.

This book could be a good read for those who want to understand the reasons behind increasing inequality and learn about alternative policies to achieve a more inclusive economy. Through rigorous research and empirical evidence, Jonathan D. Ostry, Prakash Loungani, and Andrew Berg explain how inequality is not an unexpected outcome, but a political choice made by governments. They also debunk the notion that redistribution hurts growth and propose measures that can lead to more equitable economic performance. Whether you're a scholar, student, or policy maker, this book provides crucial insights for addressing the pressing issue of inequality in today's world.

Sale

Confronting Inequality: How Societies Can Choose Inclusive Growth

Regular price RM28.88 MYR RM14.26 MYR 51% off
Unit price
per
ISBN: 9789814867023
Publisher: Penguin Books
Date of Publication: 2019-01-01
Format: Paperback
Related Collections: Economics, Sociology, Politics
Goodreads rating: 4.32
(rated by 25 readers)

Description

Inequality has drastically increased in many countries around the globe over the past three decades. The widening gap between the very rich and everyone else is often portrayed as an unexpected outcome or as the tradeoff we must accept to achieve economic growth. In this book, three International Monetary Fund economists show that this increase in inequality has in fact been a political choice--and explain what policies we should choose instead to achieve a more inclusive economy.Jonathan D. Ostry, Prakash Loungani, and Andrew Berg demonstrate that the extent of inequality depends on the policies governments choose--such as whether to let capital move unhindered across national boundaries, how much austerity to impose, and how much to deregulate markets. While these policies do often confer growth benefits, they have also been responsible for much of the increase in inequality. The book also shows that inequality leads to weaker economic performance and proposes alternative policies capable of delivering more inclusive growth. In addition to improving access to health care and quality education, they call for redistribution from the rich to the poor and present evidence showing that redistribution does not hurt growth. Accessible to scholars across disciplines as well as to students and policy makers, Confronting Inequality is a rigorous and empirically rich book that is crucial for a time when many fear a new Gilded Age.
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Choosing inclusive growth to confront inequality.

This book could be a good read for those who want to understand the reasons behind increasing inequality and learn about alternative policies to achieve a more inclusive economy. Through rigorous research and empirical evidence, Jonathan D. Ostry, Prakash Loungani, and Andrew Berg explain how inequality is not an unexpected outcome, but a political choice made by governments. They also debunk the notion that redistribution hurts growth and propose measures that can lead to more equitable economic performance. Whether you're a scholar, student, or policy maker, this book provides crucial insights for addressing the pressing issue of inequality in today's world.