Stable, higher income democracies often have both a strong middle class and relatively low levels of inequality. In contrast, lower and middle income countries with highly unequal patterns of income distribution and stratified social structures often have a weak middle class, more social...

The Chilean development story of the last two to three decades is a mix of successes in the macro, growth, poverty and trade fronts but also of failure in reducing chronic inequality of income and wealth. In addition, the current growth patterns have serious impacts on the environment, natural...