Overview
The political economy of inequality explores the intricate relationship between political systems and economic outcomes. It highlights how different political institutions can shape policies that either mitigate or exacerbate inequality. Understanding this relationship is crucial for developing effe...
Key Terms
Example: Income inequality is a common issue in many countries.
Example: Democracies and autocracies are different political institutions.
Example: Capitalism and socialism are two main economic systems.
Example: Social justice movements advocate for equal rights.
Example: Food assistance programs help low-income families.
Example: Globalization can lead to economic growth but also increased inequality.