USPA NEWS - During the Spring Meetings of the Boards of Governors of the World Bank Group (WBG) and the International Monetary Fund (IMF), Washington, D.C.,April 8-14, 2019, which brought together central bankers, ministers of finance and development, parliamentarians, private sector executives, representatives from civil society organizations and academics to discuss issues of global concern, IMF Managing Director Christine Lagarde said that while her agency is forecasting a rebound in growth next year that forecast is “precarious and subject to downside risks” with rising trade tensions a top threat.
Income Inequality Matters: How to Ensure Economic Growth Benefits the Many and Not the Few
Inequality in advanced countries has been a major issue, contributing to a loss of trust in institutions and democracy, and a sense that the elite have captured all the gains at the expense of the rest. Technology and globalization have created disruptions which we have not dealt with very well. The critical issue is not just inequality of income, but also inequality of opportunity and the fact that inequality is reproducing itself. While the middle class hollows out, tensions increase...
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