The ability to move up the income ladder, both in one’s lifetime and with respect to one’s parents, matters for fighting #poverty, reducing #inequality, and for boosting growth. Yet, mobility has stalled in the developing world since the 1960s and progress has been too slow, according to a new report: #FairProgress
Economic Mobility in Developing Countries Has Stalled for the Last 30 Years: WBG Report
Generations of poor people in developing countries are trapped in a cycle of poverty determined by their circumstance at birth and unable to ascend the economic ladder due to inequality of opportunity, says new World Bank Group report.
