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This is an open access title available under the terms of a CC BY-NC-SA 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. Inequality has emerged as a key development challenge. It holds implications for economic growth and redistribution and translates into power asymmetries that can endanger human rights, create conflict, and embed social exclusion and chronic poverty. For these reasons, it underpins intense public and academic debates and has become a dominant policy concern within many countries and in all multilateral agencies. It is at the core of the 17 goals of the UN 2030 Agenda for Sustainable Development. This book contributes to this important discussion by presenting assessments of the measurement and analysis of global inequality by leading inequality scholars, aligning these to comprehensive reviews of inequality trends in five of the world's largest developing countries--Brazil, China, India, Mexico, and South Africa.
Each is a persistently high or newly high inequality context and, with the changing global inequality situation as context, country chapters investigate the main factors shaping their different inequality dynamics. Particular attention is paid to how broader societal inequalities arising outside of the labour market have intersected with the rapidly changing labour market milieus of the last few decades. Collectively, these chapters provide a nuanced discussion of key distributive phenomena such as the high concentration of income among the most affluent people, gender inequalities, and social mobility. Substantive tax and social benefit policies that each country implemented to mitigate these inequality dynamics are assessed in detail. The book takes lessons from these contexts back into the global analysis of inequality and social mobility and the policies needed to address inequality.
Contents
PART I: INTRODUCTION
1: Carlos Gradín, Murray Leibbrandt, and Finn Tarp: Setting the scene
PART II: GLOBAL INEQUALITY AND INEQUALITY WITHIN COUNTRIES
2: Martin Ravallion: What might explain today's conflicting narratives on global inequality?
3: James Davies and Anthony Shorrocks: Comparing global inequality of income and wealth
4: Daniele Checchi, Andrej Cupak, and Teresa Munzi: Empirical challenges comparing inequality across countries: the case of middle-income countries from the LIS Database
PART III: INEQUALITY IN FIVE DEVELOPING GIANTS
5: Marcelo Neri: Brazil: what are the main drivers of income distribution changes in the new millennium?
6: Shi Li, Terry Sicular, and Finn Tarp: China: structural change, transition, rent seeking and corruption, and government policy
7: Hai-Anh H. Dang and Peter Lanjouw: India: inequality trends and dynamic: From manufacturing-led export growth to a twenty-first century inclusive growth strategy: explaining the demise of a successful growth model and what to do about it s, the bird's-eye and the granular perspectives
8: Raymundo Campos-Vazquez, Nora Lustig, and John Scott: Mexico: labour markets and fiscal redistribution 1989-2014
9: Murray Leibbrandt, Vimal Ranchhod, and Pippa Green: South Africa: the top-end, labour markets, fiscal redistribution and the persistence of very high inequality
PART IV: INEQUALITY IN A BROADER CONTEXT
10: Andrew Clark and Conchita D'Ambrosio: Economic inequality and subjective wellbeing across the world
11: Roy van der Weide and Ambar Narayan: China versus the United States: different economic models but similarly low levels of socioeconomic mobility
12: Joseph E. Stiglitz: From manufacturing-led export growth to a twenty-first century inclusive growth strategy: explaining the demise of a successful growth model and what to do about it
PART V: SYNTHESIS AND POLICY IMPLICATIONS
13: Carlos Gradín, Murray Leibbrandt, and Finn Tarp: Synthesis and policy implications
