Many of the countries that have recently converted to a market-based economic system have also experienced an alarming increase in income inequality - a widening gap between the haves and the have-nots. This text asks to what extent the increasing inequality seemingly inherent in - and integral to - a market-based economy also increases the the opportunities for economic advancement. It highlights the importance of finding the answer this question by examining the issues of social mobility and opportunity as an essential part of the income inequality puzzle.
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Book Description
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About the Author
Nancy Birdsall is senior associate at the Carnegie Endowment for International Peace, formerly executive vice president of the Inter-American Development Bank. Carol Graham is a senior fellow in Foreign Policy Studies and codirector of the Center on Social and Economic Dynamics at the Brookings Institution. They are coeditors (with Richard H. Sabot) of Beyond Tradeoffs: Market Reforms and Equitable Growth in Latin America (Brookings/IDB, 1998).
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