Inequality Reduction is Important for Development
Economic growth in emerging markets must be cohesive and reduce inequality.
While market-oriented
reforms are necessary, government has a key role to play in providing a
social safety net for the poor; maintaining high-quality public
services; investing in education, training, health care, infrastructure,
and innovation; enforcing competition policies that constrain the power
of economic and financial oligopolies; and ensuring genuine equality of
opportunity for all.
Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics