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A bedrock American principle is the idea that all individuals should have the opportunity to succeed on the basis of their own effort, skill, and ingenuity.--Federal Reserve Chairman Ben Bernanke

Income inequality has been on the rise since the late 1970s, but the economic and financial crisis of 2008 instigated an unemployment epidemic that dramatically compounded this problem in the United States and catapulted the issue to the center of debate. There is wide agreement across the political spectrum that high inequality is contributing to undesirable circumstances such as stagnant...

Against the long sweep of economic history, the current moment is special. Living standards advanced so rapidly and across so many countries over the last decade that it is difficult to think of parallels--even the deepest recession since the Great Depression did not halt progress.

In "Juggernaut," Uri Dadush and William Shaw explore the rise of developing countries and how they will reshape the economic landscape. Dadush and Shaw project that the global economy will more than triple over the next forty years and the advance of a large group of developing countries--home to most of the...