Economic mobility in developing countries has stalled for the last 30 years – World Bank

Economic mobility has been impeded in developing countries over the last 30 years, says the World Bank in its ‘Fair Progress? Economic Mobility across Generations Around the World’ report, released on Wednesday. The report, which tracks economic mobility between parents and their children through the prism of education, looked at people born between 1940 and 1980, and found that 46 out of 50 countries with the lowest rates of mobility from the bottom to the top are in the developing world.