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World Bank Urges Governments to Address Wealth Inequality

World Bank President Jim Yong Kim challenged governments around the world Thursday to address the problem of inequality by promoting the idea of shared prosperity. But he said doing so will require tailoring policies to help the bottom 40 percent of populations in developing countries. Kim described a three-step process to reduce inequality: Growing the economy, investing in people, and safety nets to reduce the risks of falling back into poverty. Kim said the strategies will differ...

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