The majority of the world's poor, by income poverty and multi-dimensional poverty, now live in countries officially classified by the World Bank as middle-income countries. Of course nothing happens when a country crosses a (somewhat) arbitrary threshold in per capita income but it does matter...

What has happened to inequality between and within countries since 1990? In this paper we explore who have been the winners and losers from global growth since 1990. We find that falls in total global inequality in the last 30 years are predominantly attributable to rising prosperity in China....

Corporations have a major impact on the lives of people in developing countries. Not only do they determine the shape of the international economy, but also many private companies now provide essential social services that were previously the responsibility of government. The growth of corporate...