Smart public investment can reduce inequality | Division for Inclusive Social Development (DISD)

There's a growing sense that only the world's wealthiest portion of the population is reaping the benefits of economic growth.

That's according to Economist and Nobel laureate, Michael Spence who participated in a recent International Monetary Fund (IMF) forum on job-rich inclusive growth.

And yet, the stability of economies and their ability to function in societies depends on a certain degree of inclusiveness, he notes.

If whole groups of people are excluded from enjoying opportunities, they could object and use violence to do so, he adds.

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