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Commodity Cycles, Inequality, and Poverty in Latin America

2021-04-26 Business & Economics
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Release : 2021-04-26
Genre : Business & Economics
Kind : eBook
Book Rating : 091/5 ( reviews)

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Book Synopsis Commodity Cycles, Inequality, and Poverty in Latin America by : Mr. Ravi Balakrishnan

Download or read book Commodity Cycles, Inequality, and Poverty in Latin America written by Mr. Ravi Balakrishnan. This book was released on 2021-04-26. Available in PDF, EPUB and Kindle. Book excerpt: Over the past decades, inequality has risen not just in advanced economies but also in many emerging market and developing economies, becoming one of the key global policy challenges. And throughout the 20th century, Latin America was associated with some of the world’s highest levels of inequality. Yet something interesting happened in the first decade and a half of the 21st century. Latin America was the only region in the World to have experienced significant declines in inequality in that period. Poverty also fell in Latin America, although this was replicated in other regions, and Latin America started from a relatively low base. Starting around 2014, however, and even before the COVID-19 pandemic hit, poverty and inequality gains had already slowed in Latin America and, in some cases, gone into reverse. And the COVID-19 shock, which is still playing out, is likely to dramatically worsen short-term poverty and inequality dynamics. Against this background, this departmental paper investigates the link between commodity prices, and poverty and inequality developments in Latin America.

A Moment of Equality for Latin America?

2016-03-09 Political Science
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Release : 2016-03-09
Genre : Political Science
Kind : eBook
Book Rating : 571/5 ( reviews)

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Book Synopsis A Moment of Equality for Latin America? by : Barbara Fritz

Download or read book A Moment of Equality for Latin America? written by Barbara Fritz. This book was released on 2016-03-09. Available in PDF, EPUB and Kindle. Book excerpt: Unlike other regions around the world, several Latin American countries have managed to reduce income inequality over the last decade. Higher growth rates and growing employment, but also innovative wage policies and social programs, have contributed to reducing poverty and narrow income disparities. Yet, despite this progress, nation-states in the region demonstrate little capacity to substantially change their patterns of deeply rooted inequalities. Focusing on the limits and challenges of redistributive policies in Latin America, this volume synthesizes and updates the discussion of inequality in the region, introducing the perspective of global and transnational interdependencies. The book explores the extent to which redistributive policies have been interlinked with the provision and quality of public goods as well as with structural changes of the productive sector. Inspired by structuralist and neostructuralist thinking of Latin American economists, such as Raúl Prebisch and Celso Furtado, authors question the redistributive impact of the interplay of recent macroeconomic, fiscal and social policies, particularly under left and center-left administrations committed to greater equality. Bringing together experts in social, fiscal and macroeconomic policies to investigate the interdependent and global character of inequalities, this book will appeal to scholars of sociology, economics, development and politics with interests in Latin America, inequality and public policy.

The Political Pitfalls of an Economic Windfall: Commodity Cycles and Political Polarization in Latin America

2017 Political planning
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Release : 2017
Genre : Political planning
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Book Synopsis The Political Pitfalls of an Economic Windfall: Commodity Cycles and Political Polarization in Latin America by : Anna C. Prusa

Download or read book The Political Pitfalls of an Economic Windfall: Commodity Cycles and Political Polarization in Latin America written by Anna C. Prusa. This book was released on 2017. Available in PDF, EPUB and Kindle. Book excerpt: Commodity booms can provide a significant economic boost for a country, but also can create unsustainable expectations among both the elite and the general population. As this paper’s model shows, commodity cycles in Latin America are strongly correlated with political polarization: as commodity prices rise, polarization decreases; and as commodity prices fall, polarization increases. This paper argues that in Latin America perceptions of resource rents, economic redistribution, and inequality provide a critical link between political polarization and commodity prices. Commodity booms may temporarily reduce polarization through economic growth and expansionary spending, as the population begins to feel better off and various interest groups are satisfied with a share of the resource rents. As long as structural inequalities remain in place, however, the windfall is only papering over the factors contributing to polarization—once the boom ends, political polarization will reemerge.

The Economics of Contemporary Latin America

2017-05-05 Political Science
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Release : 2017-05-05
Genre : Political Science
Kind : eBook
Book Rating : 878/5 ( reviews)

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Book Synopsis The Economics of Contemporary Latin America by : Beatriz Armendariz

Download or read book The Economics of Contemporary Latin America written by Beatriz Armendariz. This book was released on 2017-05-05. Available in PDF, EPUB and Kindle. Book excerpt: Analysis of Latin America's economy focusing on development, covering the colonial roots of inequality, boom and bust cycles, labor markets, and fiscal and monetary policy. Latin America is richly endowed with natural resources, fertile land, and vibrant cultures. Yet the region remains much poorer than its neighbors to the north. Most Latin American countries have not achieved standards of living and stable institutions comparable to those found in developed countries, have experienced repeated boom-bust cycles, and remain heavily reliant on primary commodities. This book studies the historical roots of Latin America's contemporary economic and social development, focusing on poverty and income inequality dating back to colonial times. It addresses today's legacies of the market-friendly reforms that took hold in the 1980s and 1990s by examining successful stabilizations and homemade monetary and fiscal institutional reforms. It offers a detailed analysis of trade and financial liberalization, twenty–first century-growth, and the decline in poverty and income inequality. Finally, the book offers an overall analysis of inclusive growth policies for development—including gender issues and the informal sector—and the challenges that lie ahead for the region, with special attention to pressing demands by the vibrant and vocal middle class, youth unemployment, and indigenous populations.

Living and Working in Poverty in Latin America

2018-12-07 Political Science
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Release : 2018-12-07
Genre : Political Science
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Book Rating : 017/5 ( reviews)

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Book Synopsis Living and Working in Poverty in Latin America by : María Eugenia Rausky

Download or read book Living and Working in Poverty in Latin America written by María Eugenia Rausky. This book was released on 2018-12-07. Available in PDF, EPUB and Kindle. Book excerpt: This edited volume studies the complex interrelation of poverty, work, and different stages in the life course, and how it contributes to the permanent existence of poverty and inequality in vulnerable groups in society. Mechanisms of productions and reproduction of these relationships are identified through empirical research carried out in four Latin American countries: Mexico, Argentina, Brazil, and Cuba. This book centers on the experiences of individuals in those less favored social groups who may have suffered structural poverty for decades, or who may have been simply deprived of a basic income to cover their most essential needs.

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