Angus Deaton discusses the nuances of globalization and inequality that populist critiques have missed.
According to its critics, globalization leads to an inexorable increase in income and wealth inequality: the rich get richer, and everyone else gets nothing. But the first thing we need to understand about globalization is that it has benefited an enormous number of people who are not part of the global elite.
JAN 16, 2017 – https://www.project-syndicate.org