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Inequality In Angus Deaton's The Great Escape

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Angus Deaton’s 2013 book The Great Escape – named as an homage to the 1963 Steve McQueen film – illustrates the seeming contradictions of economic development in today’s world. Deaton is alternatively an optimist and a pessimist regarding the future of global economic development; he is an optimist because living conditions – measured in health and economic prosperity – have improved dramatically in many countries around the world, and seem to be trending upward, while simultaneously a pessimist because conditions within and between countries have become more unequal, and foreign aid has had little-to-no effect on improving outcomes in developing countries. Additionally, Deaton’s book is rife with the fear that the past 250 years of development have been a mirage, and like the heroes of film, humanity has only temporarily escaped its destined demise. …show more content…

Unprecedented increases in living standards came with large increases in income inequality, both between countries and between individuals (p. 167). Too much inequality will create a wealth and power imbalance that stymies growth and development. Similarly, his acknowledgement of the fragility of the successes achieved in the developed world are prescient; there is nothing to say that the alleviation of poverty, deprivation, and poor health will continue forever, and any number of threats – including climate change, political failures, epidemics, and warfare – could bring it to an end. However, in the final chapter, titled “How to Help Those Left Behind”, his arguments are far less compelling. Deaton’s perspective on foreign aid and its efficacy is narrowly defined, and his claim that foreign aid is doing more harm to developing economies than good does not consider development successes that occur on the

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