This book examines the two fundamental arguments that are often raised against globalization: that it produces inequality and that it increases poverty. Here Guillermo De la Hesa, Chairman of the Centre for Economic Policy Research (CEPR) and a member of the Group of Thirty, and a leading figure...

Income inequality is rising. A quarter of a century ago, the average disposable income of the richest 10% in OECD countries was around seven times higher than that of the poorest 10%; today, it's around 91/2 btimes higher. Why does this matter? Many fear this widening gap is hurting individuals,...