Introduction

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.

Scope of the Study

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.

Objectives

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.

Significance

This study breaks new ground by providing an original comparative analysis of the challenges facing the world's three major economies.