Abstract:Greater integration into the world economy has allowed emerging economies to move to a higher and more sustainable growth path, with often impressive results in terms of economic growth, social development and poverty reduction. But the benefits of stronger growth have not always been shared equally across different socio‐demographic groups, and income inequality has often increased within these countries. The current global economic crisis and its negative impact on unemployment and underemployment have exacerbated this problem and may seriously compromise past efforts to reduce chronic poverty.
Document Type: Review Article
Publication date: October 1, 2010