Rising income inequality: trends - and measures to prevent and reverse it

UNU-WIDER / 2014
Address Room IX (Level R.2-South), ILO Headquarters, 4 Route des Morillons, CH-1211 Geneva 22, Switzerland
Date 23 October 2014 10:00 - 13:00

The last decade has witnessed a revival of concern over the impact of high-income concentration on economic development and wellbeing. This is thanks to theoretical advances in this area and, even more so, to the evidence of a sharp rise in income inequality in the OECD area, China, India, and other economies.

Many observers are asking how rising inequality could be halted and reversed—through policies in the areas of trade and banking regulation, labour markets, social transfers, and other measures. This debate can benefit from the evidence of a significant decline in inequality recorded in much of Latin America since 2002, including the turbulent years 2008-13.

This joint UNU-WIDER, ILO, and UNCTAD policy seminar brought together researchers and policy makers to discuss how the experience of Latin America could help other regions looking to shape policies aimed at reducing inequality and poverty. The following three presentations were given (links to powerpoints):

Inequality: bringing redistribution back in the development agenda by Isabel Ortiz

Can international trade and finance help reduce income inequality? by Richard Kozul Wright

Falling inequality in Latin America: trends and policies by Giovanni Andrea Cornia