TY - BOOK TI - Trade And Development Report 2012 SN - 0821399039 U1 - 338.91 PY - 2012/// CY - New York PB - World Bank Publications N1 - CURRENT TRENDS AND CHALLENGES IN THE WORLD ECONOMY.. A. Recent trends in the world economy . 1. Global growth.. 2. International trade.. 3. Commodity markets . B. Economic challenges for the world economy and policy responses .. 1. The difficult path towards strong and balanced growth 2. The scope for monetary and fiscal policies 3. Structural reforms are not a substitute for supportive macroeconomic policies . INCOME INEQUALITY: THE MAIN ISSUES... A. Inequality of incomes and market mechanisms. B. Inequality and economic theory C. Some empirical evidence on inequality, employment and growth D. Looking ahead.. EVOLUTION OF INCOME INEQUALITY: DIFFERENT TIME PERSPECTIVES AND DIMENSIONS . A. Introduction. B. Long-term trends in inequality within countries.... 1. Functional income distribution.. 2. The share of top incomes in total income. 3. Personal income distribution C. A closer look at trends in income inequality since 1980 1. Functional income distribution. 2. Personal income distribution ... 3. Inequality and poverty. D. Global income inequality .. E. Other dimensions of inequality... 1. Wealth distribution.. 2. Gender inequality 3. Unequal access to education CHANGES IN GLOBALIZATION AND TECHNOLOGY AND THEIR IMPACTS ON NATIONAL INCOME INEQUALITY A. Introduction.. B. Trade, technology and shifts in production structure 1. The trade-inequality debate of the early 1990s 2. The “new” trade-inequality debate C. Financial integration of developing and transition economies. D. Conclusions. THE ROLE OF FISCAL POLICY IN INCOME DISTRIBUTION A. Introduction.. B. Fiscal policies and inequality 1. Public finances and income distribution 2. Tax reforms in developed countries. 3. Public revenues in developing countries and transition economies. 4. Fiscal space and public expenditure 5. Influencing income distribution through public spending C. Policy recommendations. 1. Learning from experience... 2. Taxation, distribution and growth. 3. Fiscal space in developing countries... 4. Public spending to reduce inequality .. THE ECONOMICS AND POLITICS OF INEQUALITY RECONSIDERED A. Introduction. B. The interaction between unemployment and the wage share 1. The traditional approach: employment creation through wage restraint . 2. The alternative approach: wage growth as the key determinant of demand growth C. Wage flexibility at the firm level and the dynamics of a market economy D. Economic policy and institution-building to reduce inequality. 1. The participatory society and dynamic adjustment 2. Macroeconomic policies and institutional arrangements 3. Specific aspects of incomes and employment policies in developing countries 4. Legal minimum wages.. 5. The international framework ER -