It was a part of the wisdom of mainstream economics that in the
early stages of development inequality would rise but as growth
persisted, it would, eventually, decline. Early evidence seemed to
suggest that this pattern would be borne out. But, as time passed
and growth persisted, inequality continued to grow, casting doubt
on the received wisdom. The aim of this two-volume book is to
analyze the current state of global and regional inequality,
dissect the phenomenal increase in inequality that we have seen
occur in recent times, and better understand the complex
relationship between inequality and development. The political
instability and conflict that we see around the world, arguably,
has connection to economic deprivation of large segments of society
and the perception of marginalization. This two-volume work
acquires a special significance in the light of these developments.
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