Innovation and Inequality
As the Arab Spring revolts and protests in Chile, Brazil, Israel, Turkey, and India have shown, social tensions stemming from inequality are mounting around the globe. Our economies’ long-term sustainability depends on innovative approaches to ensuring inclusive growth.
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PARIS – When the benefits of economic growth are distributed very unequally, social bonds fray. Those losing ground, especially the young, may well grow disaffected, then resentful. This was a key factor behind the Arab Spring revolts; and, as protests in Chile, Brazil, Israel, Turkey, and India have shown, social tensions stemming from inequality are mounting around the globe.