Although the developing world has achieved unprecedented economic growth rates over the past decade that have translated into a rapid decline in poverty, that growth has also come with rising inequality.
Inequality threatens social cohesion, limits social mobility and individual choice and reinforces factors such as inherited poverty or discrimination by gender, ethnicity and location, delegates heard last week at the 2nd OECD Development Center high-level meeting — part of Development Week 2014 hosted by the Organization for Economic Cooperation and Development.
So how can fast-growing developing economies close the inequality gap and ensure that economic growth is followed by structural transformation that not only reduces poverty but also improves access to opportunities, promotes mobility and enhances social capital?
About the author
Richard Jones@richard_devex
In his role as Editorial Director Richard oversees content for digital series, reports and events, leading a talented team of writers and editors, conducting high-level video interviews and moderating panels at events. Previously partnerships editor and an associate editor at Devex, Richard brings to bear 15 years of experience as an editor in institutional communications, public affairs and international development. Based in Barcelona, his development experience includes stints in the Dominican Republic, Argentina and Ecuador, as well as extensive work travel in Africa and Asia.
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