Global Inequality: The Return of Class
The last two decades have been good for poor nations of the world. Since the late 1980s, what the international economic organizations call “developing Asia”, mainly China, India and the ASEAN countries, has been growing at a pace about double the world as a whole. Since 2001, sub-Saharan Africa, the tragic laggard of development in the last third of the last century, has been outgrowing the world, including the ‘advanced economies’...