Of rich and poor

http://www.economist.com/printedition/displayStory.cfm?Story_ID=587519

In polite policymaking circles, inequality is like the subject that dares not speak its name. In recent years, egalitarianism has lost much of whatever political appeal it ever had, in the rich industrialized countries, in the developing world, (especially) in the ex-communist economies of the former Soviet Union and Central and Eastern Europe, and certainly in communist-run China. Governments and development institutions such as the World Bank and the IMF express their concerns about poverty, and frame policies intended to reduce it, but do not seem to regard inequality, as such, as worthy of much attention. The Economist, it must be admitted, has also subscribed to that point of view.

Author(s): Wade, Robert Originator(s): London School of Economics
Resource added in: 16/05/2001
Available languages: English
Poverty, 50334, Policymaking, Equity, Living Conditions
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