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Thomas Piketty, in his latest book, argues that the wealth concentration in developed economies is an outcome of the economic policies that have been followed over the centuries. His study offers insights for Indian economists who are faced with addressing the growing wealth gap between the country’s rich and the poor
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The emerging BRICS economies agree that the West should hold less sway in the global economy. But their leaders, despite regular summits, have failed to articulate a coherent vision because of divergent interests, says journalist Martin Wolf.