EU Sources - IMF publishes inequality report - October 31, 2017

The latest International Monetary Fund’s Fiscal Monitor report, Tackling Inequality, focuses on inequality and ways of reducing both its causes and effects. The report says that, while some inequality is inevitable in a market-based economic system, excessive inequality can erode social cohesion, lead to political polarisation, and ultimately lower economic growth. It also signals that, although increased global integration and technological progress are widely recognised as having generated widespread economic growth and falling global inequality and poverty, the rising inequality in advanced economies, in conjunction with job insecurity and stagnating real incomes for a segment of the population, has led to growing public backlash against globalisation.

Read on: in English …

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