In the early 20th century, the world managed to halve the number of people living in extreme poverty, yet the income inequality problem continued to grow and even became the source of tension between regions. In this interview, Tony Atkinson, a professor at the London School of Economics, talks about facing up to one of the defining problems of our time in his book Inequality: What Can Be Done? Atkinson studied poverty and inequality over four decades. He believes that inequality can only be solved through a concerted global effort and offers his views on how China, as a relatively opaque country, can work with global forces to alleviate poverty.
Why the Germans, winners of the 2014 football World Cup, are so good at the other game the world cares about—business.
Rapidly rising incomes at the top of the scale mean that inequality has grown enormously in the past three decades–and critics argue that mature market companies and society are paying a high price for low wages. Until the early 1970s, whenever productivity rose in the developed world, wages rose too, as in China today. […]
In this series of articles, we take a look at the business impact of the global divergence between the rich and the rest of society. In the first one, we examine what the rise in executive pay and income disparity means for corporate growth. Across much of the world today, the slope to the top […]