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Falling Inequality in Latin America
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Falling Inequality in Latin America: Policy Changes and Lessons

Giovanni Andrea Cornia

Abstract

For the last quarter of the 20th century, Latin America suffered from very low rates of growth, high inequality, and frequent financial crises. Since the beginning of the 21st century, growth rates have improved, income inequality declined to the level of the early 1980s, poverty has fallen, and macroeconomic stability has improved, which has been a surprise for many as the region has long been deeply entrenched in unequal distribution of assets, incomes and opportunities, limited or no state redistribution and a deeply embedded authoritarianism enforcing an unjust status quo. The experience i ... More

Keywords: Latin America, inequality, policy, lessons, financial crisis, economic growth

Bibliographic Information

Print publication date: 2014 Print ISBN-13: 9780198701804
Published to Oxford Scholarship Online: April 2014 DOI:10.1093/acprof:oso/9780198701804.001.0001

Authors

Affiliations are at time of print publication.

Giovanni Andrea Cornia, editor
Professor of Economics, University of Florence

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Contents

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Part I Inequality Changes and the Surfacing of New Policy Approaches

Part II Recent Inequality Changes in Six Representative Latin American Countries

6 Uruguay's Income Inequality and Political Regimes over the Period 1981–2010*

Verónica Amarante, Marco Colafranceschi, and Andrea Vigorito

7 The Rise and Fall of Income Inequality in Mexico, 1989–2010*

Raymundo Campos-Vazquez, Gerardo Esquivel, and Nora Lustig

9 The Dynamics of Inequality Change in a Highly Dualistic Economy*

Stephan Klasen, Thomas Otter, and Carlos Villalobos Barría

Part III Main Policy Changes and Inequality During the Last Decade

14 Tax Policy and Income Distribution During the Last Decade*

Giovanni Andrea Cornia, Juan Carlos Gómez-Sabaini, and Bruno Martorano

15 Inequality in Education: Evidence for Latin America*

Guillermo Cruces, Carolina García Domench, and Leonardo Gasparini

End Matter