Culled—IMFBlog By IMFBlog May 10, 2017 Trust in other people—the glue that holds society together—is increasingly in short supply in the United States and Europe, and inequality may be the culprit. In surveys over the past 40 years, the share of Americans who say that most people can be trusted […]
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Chart of the Week: Conflict’s Legacy for Growth
Culled—IMFBlog By IMFBlog May 8, 2017 Conflict has been on the rise since the early 2000s given the wars in Afghanistan, Iraq, and Syria. Conflict leads not only to immeasurable human costs, but also to substantial economic losses with consequences that can persist for years. The tragic rise in conflict […]
A New Twist in the Link Between Inequality and Economic Development
Culled—IMFBlog By Francesco Grigoli May 11, 2017 Much has been written about the relationship between inequality and economic development, but theory remains inconclusive. When income is more concentrated in the hands of a few individuals, this can lead to less demand by the general population and lower investment in education […]
