New Economy Initiative economic advisor Angela Glover Blackwell sees great untapped economic potential in America’s communities of color. “The idea that equity is good for the economy is also increasingly supported by economic research,” she said in the Huffington Post this fall. She continues: “ Last year, the International Monetary Fund released a study that found that inequality matters a great deal when it comes to a country’s economic growth: in their analysis of more than a hundred countries, for every 10 percent decrease in inequality, the length of the country’s economic growth cycle increased by 50 percent. Recent books by top economists including Joseph Stiglitz and Daron Acemoglu have also made the case that inequality hampers economic growth and prosperity….”
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