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Inequality: the tension between growth and social justice in emerging markets

From Europe to North America and across Asia, income inequality is rising – with emerging markets generating the world’s most extreme levels.

In this issue of Gemologist, we assess how inequality challenges the political stability and growth potential of major emerging markets. Focusing on the tension between growth-oriented fiscal policies and redistributive ones, we ask: can increasing both taxes on wealth and the power of labour alleviate poverty in the absence of strong external demand for goods and services?

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