Macroeconomic policies, financial globalization, and changes in labor market institutions have exacerbated inequality in recent decades, not only in income and wealth, but also in access to education, healthcare, social protection, as well as in political participation and influence. Even within countries experiencing rapid economic growth, an array of factors, exacerbated by tremendous demographic changes, has conspired to transmit inequality of knowledge, social responsibility, and life chances from one generation to the next.
Macroeconomic policies, financial globalization, and changes in labor market institutions have exacerbated inequality in recent decades, not only in income and wealth, but also in access to education, healthcare, social protection, as well as in political participation and influence. Even within countries experiencing rapid economic growth, an array of factors, exacerbated by tremendous demographic changes, has conspired to transmit inequality of knowledge, social responsibility, and life chances from one generation to the next.