ABSTRACT

Equity and the Prosperity of Cities The past few decades have witnessed a notable surge in economic growth, but one which has been accompanied by an equally daunting degree of inequity under various forms, with wider income gaps and deepening poverty in many cities across the world. In the 1970s, widening income gaps began an unhealthy co-existence with economic growth, with reduced incomes for households in the middle and lower classes and steady increases for the welloff. Economic inequality is seriously detrimental to the equitable distribution among individuals of opportunities to pursue a life of their choosing and be spared from

extreme deprivation in outcomes.