In the last two decades, the number of people living below the poverty line globally has been cut in half, primarily due to robust growth in the emerging economies. Yet poverty is on the rise in both Europe and the United States, especially among children. Meanwhile, inequality across countries is on the decline, although inequality within countries has grown in both the developed and the developing world, with the notable exception of Latin America. This report, produced by the Joseph H. Lauder Institute of Management & International Studies at the University of Pennsylvania, examines the changing patterns of poverty and inequality as well as potential solutions.

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