"The way that the economy has developed over the past generation is actually gone contrary to a lot of the existing economic models. The Simon Kuznetz phenomenon says it's not just globalization, it's economic growth. As the country is modernizing, as it's growing economically, it does lead to an increase in inequality. When you reach a certain level of income, the inequality starts to decrease. That was the experience in Europe, in the 19th and 20th century, that was the case in the United States and so forth. That has not been the case of the countries that have been growing rapidly in recent years, where inequality has continued to increase," says CDDRL Mosbacher Director Francis Fukuyama. Watch here.