Should Equity Be a Goal of Economic Policy?

Over the past decade, global output has grown by more than 3 percent a year and inflation has slowed in most regions. The fruits of this growthhave not been shared equally, however, and income disparities have grownin many countries, developed as well as developing. One of the mostpressing issues fa...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1999
Series:Economic Issues
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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653 |a Labour; income economics 
653 |a Working capital 
653 |a Income distribution 
653 |a Wages, Compensation, and Labor Costs: General 
653 |a Aggregate Factor Income Distribution 
653 |a National accounts 
653 |a Labor 
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520 |a Over the past decade, global output has grown by more than 3 percent a year and inflation has slowed in most regions. The fruits of this growthhave not been shared equally, however, and income disparities have grownin many countries, developed as well as developing. One of the mostpressing issues facing policymakers today is how to respond to these trends. To what extent are growth and equity complementary, and to whatextent is there a trade-off between the two? This Economic Issue is a summary version of an Issues Paper circulated at the IMF Conference on Economic Policy and Equity, held on June 8-9, 1998, at IMF headquarters