Economic Progress

How inequality is affecting nations' economic growth

A labourer builds components of wind turbines at a wind power equipment factory in Zouping, Shandong province May 18, 2011. With profitable wind and hydropower businesses included, overall power generation losses narrowed to 6 billion yuan, Xue Jing, director of the statistics and information department under the China Electricity Council, said on the sidelines of a conference in Beijing on Tuesday. Picture taken May 18, 2011. REUTERS/China Daily (CHINA - Tags: ENVIRONMENT ENERGY BUSINESS IMAGES OF THE DAY) CHINA OUT. NO COMMERCIAL OR EDITORIAL SALES IN CHINA - RTR2MLSD

Why country context matters. Image: REUTERS/China Daily

Brian Nolan
Professor of Social Policy and Director of Employment, Equity, and Growth Programme, Institute for New Economic Thinking
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Economic Progress

Image: Förster and Nolan (2018), Figure 2.5.
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