Across the developed world, elected leaders are grappling with economic and political upheavals. Tumultuous events such as Brexit, the 2016 US presidential election and European populist turmoil demonstrate that many citizens feel betrayed by their governments’ failure to deliver across-the-board economic progress. Trade union expert John Evans explains the forces behind the current malaise. He points to the need for government-centric solutions to reduce high structural unemployment and shrink income inequality gaps to reignite economic expansion. getAbstract recommends Evans’s insightful article to policy makers, executives and investors interested in exploring ways to achieve robust economic revival.
In this summary, you will learn
- Why citizens of developed countries are concerned about their economic well-being,
- What structural problems are responsible for income inequality and low economic growth, and
- What solutions are available to policy makers to correct imbalances and restore healthy development.
About the Author
John Evans is the general secretary of the OECD’s Trade Union Advisory Committee.
Comment on this summary
5 months agoThe elected are not self-appointed (if the instituted systems of democratic exercise of rights that supposedly elected them into position are to be believed). These general "public" servants need to handle the basics set out by various Constitutions and get out of the way of the people they claim to serve. Their imbalanced micro-managing (in favour of narrow/extreme ideologies) has resulted in corporate fascism.
2 years agoIt is this kind of thinking that has hindered free enterprise. The idea that the government needs to balance out income equality is simply Marxist warmed over. There really is no such thing as income inequality. Check out Thomas Sowell.