Nancy Birdsall: Inequality Matters

Nancy Birdsall: Inequality Matters: "After spending the late 1980s working on Latin America for the World Bank, I became involved in a major study of East Asia’s postwar growth. The contrast between the two regions was notable: Latin America was stagnating while East Asian economies were growing rapidly, with tremendously high rates of private and public investment and savings. The emphasis on exports and the pressure to compete in global markets seemed to have worked. " /.../