Neoliberal thinking has dominated economic policy advice for decades. Such thinking is premised on the notion that policy makers should “go for growth” because a rising tide lifts all boats. Politicians increasingly reject such advice as being at best politically naïve and at worst responsible for outcomes that have not been inclusive (some boats rise much higher than others with the tide—higher inequality). Policy makers need to make choices about both the level of economic growth and the inclusiveness of such growth, taking account of interactions between the two variables, including the extent to which high inequality undercuts the sustainability of healthy economic growth. This course will familiarize students with a range of empirical evidence on the growth experience of both advanced and developing countries; about the nexus between economic reforms and growth; and about the drivers of rising inequality, including policy drivers. It will also cover the political economy of reform, including how to design pro-growth policies that do not contribute to an electoral backlash.
Completion of 1.0 credit in MUN, PPG, and/or PCJ courses at the 200+ levels.
PPG410H1 (Inequality and Growth) offered in Fall 2025. PPG410H1 (Inequality and Growth: Evidence and Policy Challenges) offered in Fall 2024.