Speaker: Professor Elhanan Helpman FBA
Chaired by: Professor Richard Blundell FBA, University College London
While the rise in income inequality is hardly disputable, its causes have been debated for the last 20 years. Extensive research is shedding new light on the contribution of globalization to rising inequality. Although the ascent of less developed countries in the world economy has impacted inequality in the developed part of the world, the new research identifies drivers of inequality that are common to both rich and poor countries. The lecture will start with a historical account and end with the most recent insights.