Your English writing platform
Discover LudwigExact(17)
On the contrary, the IMF economists said, reducing inequality led to faster, more durable growth.
The conclusion is that "lower net inequality is robustly correlated with faster and more durable growth".
Even if China can avoid the immediate danger of a crash, the move to a newer, more durable growth model represents a tremendous challenge.
IMF [International Monetary Fund] research – examining 173 countries over 50 years – has shown that more unequal countries tend to have lower and less durable growth.
But a gear-shift to a durable growth rate of 8-10% seems seems out of reach.Without it, that burgeoning workforce may seem less of an advantage.
But financial and corporate inefficiencies were at the epicentre of the economic crisis, and have to be dealt with to restore durable growth.
Similar(43)
There is no theory of value and the institutional conditions under which durable economic growth is possible.
In June, the International Monetary Fund managing director, Christine Lagarde, linked the objective of producing durable economic growth with addressing societal inequality.
The IMF's research over the last 50 years "found that more unequal countries tend to have lower and less durable economic growth".
A 2014 study by the International Monetary Fund confirmed Stiglitz's theory: countries with lower inequality tend to have faster and more durable economic growth.
And a kind of pragmatic right-left consensus had to emerge — namely, that both a bustling market and an active government are essential to durable economic growth.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com