Abstract
Increases in inequality within countries and between countries is one of the most disturbing developments at the beginning of the twenty-first century. The rise of inequality runs counter to much standard economic thinking. Trade and capital flows are, after all, supposed to reduce economic differences between countries and, while they may increase earnings differentials in advanced countries, are supposed to reduce those differentials in less developed countries. The increase in educational attainment within countries should reduce inequality within countries as well. But the facts tell a different story.
Chapter PDF
Similar content being viewed by others
Keywords
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Copyright information
© 2002 International Economic Association
About this chapter
Cite this chapter
Freeman, R.B. (2002). Introduction. In: Freeman, R.B. (eds) Inequality Around the World. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-137-09971-6_1
Download citation
DOI: https://doi.org/10.1007/978-1-137-09971-6_1
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-77355-0
Online ISBN: 978-1-137-09971-6
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)