Book Chapter
Synthesis and policy implications

Within a stable macroeconomic framework, there is a need to change how the economy works for all of its citizens. Economics justifies the need to crack down on crony capitalism and rent-seeking, and break up monopolies and oligopolies

This would reduce income and wealth concentration at the top and increase growth by fostering stronger competition and equal access to economic opportunities.

These policies are likely to reduce within-country inequality and between-country inequality as well, since they would have their most dramatic impact in poor countries. 

At a global level, the policy toolbox also includes foreign aid policies designed to attack between-country inequality. International trade policies have been and will continue to be key to give poor countries opportunities to develop faster, linking up with the obvious need for effective domestic and international agricultural and industrial policies in a context of increasing concern with socially and environmentally sustainable development.