Faculty News

In an op-ed, Prof. Michael Spence discusses the impact of income inequality

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Excerpt from Project Syndicate -- "...experience in a wide range of countries suggests that high and rising levels of inequality, especially inequality of opportunity, can indeed be detrimental to growth. One reason is that inequality undercuts the political and social consensus around growth-oriented strategies and policies. It can lead to gridlock, conflict, or poor policy choices."

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