Economic Integration, Inequality and Growth: Latin America vs. the European economies in transition

Giovanni Cornia

Working Papers from United Nations, Department of Economics and Social Affairs

Abstract: This paper presents a simple theoretical framework to explain variations in income inequality over time and between countries. It also analyses the factors responsible for the widespread rise in inequality during the neo-liberal reforms of 1980-2000 in the fields of trade, foreign direct investment (FDI) and capital flows, and the rise in migration. Finally, it compares the decline in inequality observed in most of Latin America over 2000-2008 with the steady increase of inequality in many European transition economies during this period despite their return to robust growth. The paper argues that such divergence is explained by differences in policies.

Keywords: policy reforms; neo-liberalism; international economic integration; income inequality; Latin America; transition economies of Europe (search for similar items in EconPapers)
JEL-codes: D31 E24 E62 F20 F41 I20 O54 P27 (search for similar items in EconPapers)
Pages: 40 pages
Date: 2011-01
New Economics Papers: this item is included in nep-his and nep-tra
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Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:une:wpaper:101

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