Written by Bhalla (formerly of the Rand Corporation, the World Bank, Goldman Sachs, and the Brookings Institution) and funded by a think-tank with close connections to such right-wing institutions as the Lynde and Harry Bradley Foundation, this report argues that common methods of measuring inequality are incorrect. Advancing a different measurement methodology, Bhalla argues that global inequality, contrary to most observers' analyses, is actually shrinking. Similarly, his methodology suggests that poor countries are experiencing much more economic growth than commonly believed. Annotation (c) Book News, Inc., Portland, OR (booknews.com)
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Surjit S. Bhalla is managing director of Oxus Research and Investments, a New Delhi-based economic research, asset management, and emerging-markets advisory firm. He taught at the Delhi School of Economics and worked at the Rand Corporation, the Brookings Institution, and at both the research and treasury departments of the World Bank. He has also worked at Goldman Sachs (1992-94) and Deutsche Bank (1994-96). He is author of Devaluing to Prosperity: Misaligned Currencies and Their Growth Consequences (2012).
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