A Political Economy of the United States, China, and India : Prosperity with Inequality

An investigation into the coexistence of high rates of economic growth and poverty with reference to three major economies, examining the overall effectiveness of the measures taken to address such anomalies and what can be done to tackle the problem of widening inequality.

The precipitous rise in global and national economic inequality, which the inexorable force of globalization promised to address with affluence and abundance for all, has returned with a vengeance. The problem of worsening socioeconomic inequality and how best to ameliorate this pernicious resurgence occupies center stage of national and international politics. This study investigates the coexistence of high rates of economic growth and unparalleled prosperity (including a review of the decline in poverty levels in China and India and many other developing countries) with rises in income and wealth inequality in the United States, China, and India. This book examines the overall effectiveness of the measures taken by these three countries to address such anomalies, and what they should do to tackle the problem of widening inequality. This study breaks new ground by providing an original comparative analysis of the challenges facing the world''s three major economies.