China’s economy has expanded by leaps and bounds, with dazzling progress since it first opened to foreign investment and reform in 1978. Over the last 25 years and after a long period of economic autarky, the country has emerged as a major player in world trade. Its accession to the World...

Latin America has long had the most unequally distributed income in the world because of land ownership patterns, development and education policies and demography, which have swelled the supply of unskilled labour and demand for skilled workers, leading to widening inequality. Import...