Excerpt
SUMMARY: The spread of education across developing nations is transforming global inequalities and playing a key role in closing the gender gap. Economics correspondent Paul Solman sits down with economist Surjit Bhalla, and sociologist Ravinder Kaur, to discuss Bhalla’s book, “The New Wealth of Nations,” as well as the backlash to increasing equality.
Paul Solman (NewsHour): And the cost? What’s the cost?
Surjit Bhalla, author: The cost is that people in the West are going to lose out relative to the people in the East, the East meaning the rest of the world, the West meaning the advanced countries.
What happens, when the world is filled with everybody graduating from high school, then the Western people will lose their advantage over the rest of the world.
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