A Political Economy of the United States, China, and India

Prosperity with Inequality

Nonfiction, Social & Cultural Studies, Political Science, Social Science, Business & Finance
Cover of the book A Political Economy of the United States, China, and India by Shalendra D. Sharma, Cambridge University Press
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Author: Shalendra D. Sharma ISBN: 9781316877302
Publisher: Cambridge University Press Publication: May 17, 2018
Imprint: Cambridge University Press Language: English
Author: Shalendra D. Sharma
ISBN: 9781316877302
Publisher: Cambridge University Press
Publication: May 17, 2018
Imprint: Cambridge University Press
Language: English

The precipitous rise in global and national economic inequality, which the inexorable force of globalization promised to address with affluence and abundance for all, has returned with a vengeance. The problem of worsening socioeconomic inequality and how best to ameliorate this pernicious resurgence occupies center stage of national and international politics. This study investigates the coexistence of high rates of economic growth and unparalleled prosperity (including a review of the decline in poverty levels in China and India and many other developing countries) with rises in income and wealth inequality in the United States, China, and India. This book examines the overall effectiveness of the measures taken by these three countries to address such anomalies, and what they should do to tackle the problem of widening inequality. This study breaks new ground by providing an original comparative analysis of the challenges facing the world's three major economies.

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The precipitous rise in global and national economic inequality, which the inexorable force of globalization promised to address with affluence and abundance for all, has returned with a vengeance. The problem of worsening socioeconomic inequality and how best to ameliorate this pernicious resurgence occupies center stage of national and international politics. This study investigates the coexistence of high rates of economic growth and unparalleled prosperity (including a review of the decline in poverty levels in China and India and many other developing countries) with rises in income and wealth inequality in the United States, China, and India. This book examines the overall effectiveness of the measures taken by these three countries to address such anomalies, and what they should do to tackle the problem of widening inequality. This study breaks new ground by providing an original comparative analysis of the challenges facing the world's three major economies.

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