As emerging markets such as China and India grow, the gap in global inequality is narrowing. But within many of these countries and those that are more developed, the gap between rich and poor is widening, in some countries to a shocking degree. In the US, which has one of the highest levels of inequality in the West, the richest 10 per cent of Americans receive about half of the nation’s income. In a time when economic growth is slowing and governments are advocating fiscal austerity, is the question of inequality being factored in to the equation? The talk discusses the problem of inequality globally, and how it can be tackled without hurting economic growth. We will be examining the detrimental effects of inequality of opportunity on social mobility and asking what should be done by governments to counter it.