Asongu, Simplice; Nwachukwu, Jacinta C. - 2016
An April 2015 World Bank report on the Millennium Development Goal poverty target has revealed that extreme poverty has … asymmetric development between rich and poor countries. Piketty has shown that inequality increases when the return on capital is … higher than the growth rate, because the poor cannot catch-up with the rich. We argue that when the return on political …