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Conclusions: Local Inequalities, Global Responsibilities

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Part of the International Political Economy Series book series (IPES)

Abstract

The previous chapters have made the case for considering economic inequality as a major scourge on the development and growth potential of developing societies. Having considered the evidence, one cannot but agree with Easterly (2002) who concludes that inequality, independently of other factors, is a large and statistically significant barrier to developing the institutional framework and human capital on which successful human development depends. These pages have also presented evidence that inequality hinders the implementation of sensible macroeconomic strategies, impedes the development of pro-poor policies, limits the growth of human capital stocks, undermines social cohesion, fuels social discontent, narrows political participation, and promotes corruption and crime (Justino et al., 2003).

Keywords

Economic Inequality Mobile Capital Development Assistance Capital Account Leadership Failure 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Philip Nel 2008

Authors and Affiliations

  1. 1.Department of PoliticsUniversity of OtagoNew Zealand

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