Glia
10-06-2011, 09:50 PM
—By Josh Harkinson
| Tue Oct. 4, 2011 3:00 AM PDT
https://mjcdn.motherjones.com/preset_16/lego-titanic425.jpg Eric Constantineau (https://flickr.com/photos/ericconstantineau/5618576278/sizes/m/in/photostream/)/Flickr
Corporate chieftains often claim that fixing the US economy requires signing new free trade deals, lowering government debt, and attracting lots of foreign investment. But a major new study has found that those things matter less than an economic driver that CEOs hate talking about: equality.
"Countries where income was more equally distributed tended to have longer growth spells," says economist Andrew Berg, whose study (https://www.imf.org/external/pubs/ft/fandd/2011/09/Berg.htm) appears in the current issue of Finance & Development, the quarterly magazine of the International Monetary Fund. Comparing six major economic variables across the world's economies, Berg found that equality of incomes was the most important factor in preventing a major downturn. ...
Read the rest at
https://motherjones.com/mojo/2011/10/study-income-inequality-kills-economic-growth
| Tue Oct. 4, 2011 3:00 AM PDT
https://mjcdn.motherjones.com/preset_16/lego-titanic425.jpg Eric Constantineau (https://flickr.com/photos/ericconstantineau/5618576278/sizes/m/in/photostream/)/Flickr
Corporate chieftains often claim that fixing the US economy requires signing new free trade deals, lowering government debt, and attracting lots of foreign investment. But a major new study has found that those things matter less than an economic driver that CEOs hate talking about: equality.
"Countries where income was more equally distributed tended to have longer growth spells," says economist Andrew Berg, whose study (https://www.imf.org/external/pubs/ft/fandd/2011/09/Berg.htm) appears in the current issue of Finance & Development, the quarterly magazine of the International Monetary Fund. Comparing six major economic variables across the world's economies, Berg found that equality of incomes was the most important factor in preventing a major downturn. ...
Read the rest at
https://motherjones.com/mojo/2011/10/study-income-inequality-kills-economic-growth