The Answer on Income Inequality?

By Joe Nocera, New York Times - January 21, 2014

Not long after I got back from my recent trip to Brazil, I called some economists to gain a better understanding of where the country stood economically. To me, Rio de Janeiro felt a little like Shanghai: there was plenty of high-end shopping in neighborhoods like Ipanema — and plenty of poverty in the favelas, or slums. There was also a lot in between. What is most striking to a visitor is how many middle-class citizens there seem to be.

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