While strong economic growth has made most people better off in absolute terms, globalization is often blamed for the widening gap between rich and poor.
But new IMF research shows that the biggest culprit is in fact technological change. This is the one of the main findings of a chapter entitled "Globalization and Inequality," which is part of the IMF's October 2007 World Economic Outlook (WEO).
The three analytical chapters of the WEO were released on October 9. The IMF's forecasts for global growth will be released on October 17.
See full Press Release.
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