Asongu, Simplice - African Governance and Development Institute (AGDI) - 2015
problem is at the heart of rational asymmetric development between rich and poor countries. Piketty has shown that inequality … increases when the return of capital is higher than the growth rate, because the poor cannot catch-up with the rich. We argue … that, when the return of political economy (or capitalism-fuelled illicit capital flight) is higher than the growth rate in …