A webinar organized by Yale-NUS College focused on the topic ‘Addressing Global Inequality’ took place on March 30, 2021. It featured Pinelopi Goldberg, former Chief Economist of the World Bank and Elihu Professor of Economics at Yale University, and Dani Rodrik, Ford Foundation Professor of International Political Economy, Harvard Kennedy School. It was moderated by Danny Quah, Dean and Li Ka Shing Professor in Economics, Lee Kuan Yew School of Public Policy, National University of Singapore.
Rising inequality presents policy makers with social, economic and political challenges and is linked to social ills like crime, poor health outcomes and radical nationalism. Over the past few decades, forces like globalisation and technological change have widened inequality but the recent coronavirus pandemic has intensified the acceleration of inequality between and within countries as well as pushed poverty levels higher. Two of the world’s leading growth and development economists, professors Goldberg and Rodrik, discuss the problem and consequences of rising inequality, and what tools and policies can be deployed to address it.
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