'Professor Sharma tackles head-on one of the toughest political economy questions of the twenty-first century: how to deal with inequality, and what can the experience of the US, China and India tell us so far? His survey of the literature and analyses of the issues are insightful and revealing. No country has so far dealt satisfactorily with the issue of growing social income and wealth disparities and the fact that different regimes are trying different solutions may suggest that the issue is not theoretical but totally outcome oriented. I commend Professor Sharma's book as essential reading for both professionals and laymen interested in how to deal with the political problem today - at least in terms of its overall effectiveness when it comes to reconciling economic growth with more equitable distribution.' Andrew Sheng, Distinguished Fellow at Fung Global Institute, and author of From Asian to Global Financial Crisis
1. Introduction: prosperity with inequality in the age of globalization; 2. Widening income and wealth gap in United States; 3. Rising prosperity and widening inequality in the People's Republic of China; 4. Democracy, prosperity, and inequality in India; 5. Prosperity with equality: future directions.