Introduction: prosperity with inequality in the age of globalization -- Widening income and wealth gap in United States -- Rising prosperity and widening inequality in the People's Republic of China -- Democracy, prosperity, and inequality in India -- Prosperity with equality: future directions

In Korea, the IMF-supported program, approved in late 1997, focused on financial sector restructuring, corporate governance, capital account liberalization, labor market reforms and trade liberalization. As in Thailand, it soon became clear that the IMF program underestimated the severity and...