Olivier Ray is a development economist at the French Ministry of Foreign Affairs and co-author, with Jean-Michel Severino, of Africa’s Moment.
Worsening economic inequality in recent years is largely the result of policy choices that reflect the political influence and lobbying power of the rich. There is now a self-reinforcing pattern of high profits, low investment, and rising inequality – posing a threat not only to economic growth, but also to democracy.
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