Details about Jose Gabriel Palma

E-mail:
Homepage:	https://www.econ.cam.ac.uk/people/emeritus/jgp5
Workplace:	Facultad de Administración y Economía (Faculty of Management and Economics), Universidad de Santiago de Chile (University of Santiago de Chile), (more information at EDIRC) Faculty of Economics, University of Cambridge, (more information at EDIRC)

Access statistics for papers by Jose Gabriel Palma.

Last updated 2025-03-02. Update your information in the RePEc Author Service.

Short-id: ppa718

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Working Papers

2023

1. How Latin America Sinks into the Quicksand of Inertia: on getting bogged down between a fading "extractivist" model and more productivity-enhancing alternatives that just can't generate enough credibility -while populism looks for magical solutions
   Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge
2. Ricardo was surely right: the abundance of "easy" rents leads to greedy and lazy elites. Rentier-capitalism as an exercise in "non-creative" destruction. A tribute to Geoff Harcourt
   Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge

2022

3. Financialisation as a (it's-not-meant-to-make-sense) gigantic global joke
   Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge
4. Is Southeast Asia falling into a Latin American style "middle-income trap"?
   Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations (1)
   See also Journal Article Is Southeast Asia falling into a Latin American-style middle-income trap?, Japanese Economy, Taylor & Francis Journals (2024) (2024)

2020

5. Finance as Perpetual Orgy. How the ‘new alchemists’ twisted Kindleberger’s cycle of “manias, panics and crashes” to “manias, panics and renewed-manias”
   Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge
6. Why the Rich Stay Rich. On dysfunctional institutions’ “ability to persist” (no matter what)
   Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge

2019

7. The Chilean economy since the return to democracy in 1990. On how to get an emerging economy growing, and then sink slowly into the quicksand of a “middle-income trap”
   Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge
8. Why is inequality so unequal across the world? Part 1. The diversity of inequality in disposable income: multiplicity of fundamentals, or complex interactions between political settlements and market failures?
   Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations (1)
9. Why is inequality so unequal across the world? Part 2 The diversity of inequality in market income - and the increasing asymmetry between the distribution of income before and after taxes and transferences
   Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge

2016

10. Do nations just get the inequality they deserve? The ‘Palma Ratio’ re-examined
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations (9)
    See also Chapter Do Nations Just Get the Inequality They Deserve? The “Palma Ratio” Re-examined, International Economic Association Series, Palgrave Macmillan (2016) View citations (9) (2016)

2015

11. Globalizing Inequality: ‘Centrifugal’ and ‘Centripetal’ Forces at Work
    Working Papers, eSocialSciences View citations (1)
12. Why corporations in developing countries are likely to be even more susceptible to the vicissitudes of international finance than their counterparts in the developed world: A Tribute to Ajit Singh
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations (3)

2014

13. Has the income share of the middle and upper-middle been stable over time, or is its current homogeneity across the world the outcome of a process of convergence? The 'Palma Ratio' revisited
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations (5)
14. Latin America's socail imagination since 1950. From one type of 'absolute certainties' to another - with no (far more creative)'uncomfortable uncertainties' in sight
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge

2013

15. How to create a financial crisis by trying to avoid one: the Brazilian 1999-financial collapse as "Macho-Monetarism" can't handle "Bubble Thy Neighbour" levels of inflows
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge

2012

16. How the full opening of the capital account to highly liquid financial markets led Latin America to two and a half cycles of ‘mania, panic and crash’
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations (12)
17. Was Brazil's recent growth acceleration the world's most overrated boom?
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations (3)

2011

18. Homogeneous middles vs. heterogeneous tails, and the end of the ‘Inverted-U’: the share of the rich is what it's all about
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations (113)

2010

19. Why has productivity growth stagnated in most Latin-American countries since the neo-liberal reforms? (Revised 26-07-2011)
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations (17)

2009

20. The Revenge of the Market on the Rentiers: Why neo-liberal Reports of the end of history turned out to be premature (Updated 19 December 2011)
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations (70)

2006

21. Globalizing Inequality: ‘Centrifugal’ and ‘Centripetal’ Forces at Work
    Working Papers, United Nations, Department of Economics and Social Affairs View citations (21)

2000

22. The Magical Realism of Brazilian Economics: How to Create a Financial Crisis by Trying to Avoid One
    SCEPA working paper series., Schwartz Center for Economic Policy Analysis (SCEPA), The New School View citations (3)
23. The Three Routes to Financial Crises: The Need for Capital Controls
    SCEPA working paper series., Schwartz Center for Economic Policy Analysis (SCEPA), The New School View citations (22)

Journal Articles

2025

1. América Latina y su “gatopardismo a la inversa”: para que todo pueda seguir igual, nada puede cambiar. ¿Trampa del ingreso medio o “trampa neoliberal”?
   El Trimestre Económico, 2025, 92 (1), (365), 7-74

2024

2. Is Southeast Asia falling into a Latin American-style middle-income trap?
   Japanese Economy, 2024, 50, (3-4), 305-337
   See also Working Paper Is Southeast Asia falling into a Latin American style "middle-income trap"?, Cambridge Working Papers in Economics (2022) View citations (1) (2022)

2022

3. América Latina y el Sudeste Asiático. Dos modelos de desarrollo, pero la misma “trampa del ingreso medio”: rentas fáciles crean élites indolentes
   El Trimestre Económico, 2022, 89 (2), (354), 613-681
4. Conceptualising financialisation in developing and emerging economies: systemic and global perspectives
   Cambridge Journal of Economics, 2022, 46, (4), 619-628
5. Conceptualising financialisation in developing and emerging economies: the diversity within a unity
   Cambridge Journal of Economics, 2022, 46, (5), 921-929
6. Finance as an (ever more fragile) ‘perpetual mania’: have they all lost their collective minds?
   Cambridge Journal of Economics, 2022, 46, (4), 773-825
7. Latinoamérica es la región con el menor crecimiento de la productividad en el mundo desde las reformas neoliberales. La nueva trampa del ingreso medio: rentas fáciles no generan precisamente élites schumpeterianas
   El Trimestre Económico, 2022, 89 (3), (355), 943-977

2021

8. El Royalty Minero, la teoría económica y la nueva Constitución
   Estudios Nueva Economía, 2021, 6, (2), 59-73
9. Todo lo que siempre quiso saber sobre el TPP-11 (pero nunca se atrevió a preguntar)
   Estudios Nueva Economía, 2021, 6, (1), 41-49 View citations (2)

2020

10. América Latina en su “Momento Gramsciano”. Las limitaciones de una salida tipo “nueva socialdemocracia europea” a este impasse
    El Trimestre Económico, 2020, 87 (4), (348), 985-1031
11. Por qué los ricos siempre siguen siendo ricos (pase lo que pase, cueste lo que cueste)
    Revista CEPAL, 2020
12. Why the rich always stay rich (no matter what, no matter the cost)
    Revista CEPAL, 2020 View citations (3)

2019

13. Behind the Seven Veils of Inequality. What if it's all about the Struggle within just One Half of the Population over just One Half of the National Income?
    Development and Change, 2019, 50, (5), 1133-1213 View citations (10)
14. Desindustrialización, desindustrialización "prematura" y "síndrome holandés"
    El Trimestre Económico, 2019, 86 (4), (344), 901-966

2018

15. Por qué la economía ortodoxa transfirió su obsesión por un concepto (mercado) a la de un ritual (matemáticas)
    Estudios Nueva Economía, 2018, 5, (1), 7-20 View citations (1)

2016

16. Why are developing country corporations more susceptible to the vicissitudes of international finance?
    The Economic and Labour Relations Review, 2016, 27, (3), 281-292 View citations (1)

2014

17. Has the Income Share of the Middle and Upper-middle Been Stable around the ‘50/50 Rule’, or Has it Converged towards that Level? The ‘Palma Ratio’ Revisited
    Development and Change, 2014, 45, (6), 1416-1448 View citations (15)

2011

18. FORUM 2011
    Development and Change, 2011, 42, (1), 87-153

2009

19. Introduction: the global financial crisis
    Cambridge Journal of Economics, 2009, 33, (4), 531-538 View citations (14)
20. The revenge of the market on the rentiers
    Cambridge Journal of Economics, 2009, 33, (4), 829-869 View citations (76)

2006

21. Stratégies actives et stratégies passives d'exportation en Amérique latine et en Asie orientale
    Revue Tiers Monde, 2006, 47, (186), 249-280 View citations (1)
22. Stratégies actives et stratégies passives d'exportation en amérique latine et en asie orientale. La croissance liée à la composition particulière des produits et à la spécificité des institutions
    Revue Tiers-Monde, 2006, n° 186, (2), 249-280 View citations (1)

2005

23. The seven main "stylized facts" of the Mexican economy since trade liberalization and NAFTA
    Industrial and Corporate Change, 2005, 14, (6), 941-991 View citations (12)

1998

24. The Asian Crisis: Introduction
    Cambridge Journal of Economics, 1998, 22, (6), 649-52 View citations (5)
25. Three and a Half Cycles of 'Mania, Panic, and [Asymmetric] Crash': East Asia and Latin America Compared
    Cambridge Journal of Economics, 1998, 22, (6), 789-808 View citations (22)
    See also Chapter Three-and-a-half Cycles of ‘Mania, Panic, and [Asymmetric] Crash’: East Asia and Latin America Compared, Palgrave Macmillan Books, 2001, 254-286 (2001) (2001)

1994

26. Kahn on Buffer Stocks
    Cambridge Journal of Economics, 1994, 18, (1), 117-27

1990

27. La deuda del tercer mundo y su repercusión en la economía británica. Una opinión del Sur sobre el desgobierno económico en el Norte
    El Trimestre Económico, 1990, 57 (2), (226), 435-496

1989

28. Comentario de Nicholas Kaldor sobre "el discreto encanto" de la burguesia chilena
    El Trimestre Económico, 1989, 56 (4), (224), 853-895
29. Kaldor on the 'Discreet Charm' of the Chilean Bourgeoisie
    Cambridge Journal of Economics, 1989, 13, (1), 245-72 View citations (6)
30. Kaldor's Contribution to Economics: An Introduction
    Cambridge Journal of Economics, 1989, 13, (1), 1-8 View citations (3)

1988

31. Third World Debt and Its Effects on the British Economy: A Southern View of Economic Mismanagement in the North
    Cambridge Journal of Economics, 1988, 12, (3), 361-400

1978

32. Dependency: A formal theory of underdevelopment or a methodology for the analysis of concrete situations of underdevelopment?
    World Development, 1978, 6, (7-8), 881-924 View citations (37)

Books

2005

1. Beyond Reforms: Structural Dynamics and Macroeconomic Vulnerability
   IDB Publications (Books), Inter-American Development Bank View citations (41)
2. Cuatro fuentes de "desindustrialización" y un nuevo concepto del "síndrome holandés"
   Copublicaciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL) View citations (2)

Edited books

2001

1. Financial Liberalization and the Asian Crisis
   Palgrave Macmillan Books, Palgrave Macmillan View citations (15)

Chapters

2019

1. The multiplicity of distributional outcomes across the world: diversities of fundamentals or countries getting the inequality they deserve?
   Chapter 7 in The Handbook of Globalisation, Third Edition, 2019, pp 119-153

2016

2. Do Nations Just Get the Inequality They Deserve? The “Palma Ratio” Re-examined
   Palgrave Macmillan View citations (9)
   See also Working Paper Do nations just get the inequality they deserve? The ‘Palma Ratio’ re-examined, Faculty of Economics, University of Cambridge (2016) View citations (9) (2016)
3. The dependency school and its aftermath: why Latin America’s critical thinking switched from one type of absolute certainties to another
   Chapter 21 in Handbook of Alternative Theories of Economic Development, 2016, pp 386-415 View citations (1)

2011

4. National Inequality in the Era of Globalisation: What do Recent Data Tell Us?
   Chapter 7 in The Handbook of Globalisation, Second Edition, 2011 View citations (1)

2008

5. Structuralism
   Chapter 10 in International Handbook of Development Economics, Volumes 1 & 2, 2008 View citations (6)
6. Theories of Dependency
   Chapter 9 in International Handbook of Development Economics, Volumes 1 & 2, 2008

2001

7. A Brazilian-Style ‘Ponzi’
   Palgrave Macmillan
8. Introduction
   Palgrave Macmillan
9. Three-and-a-half Cycles of ‘Mania, Panic, and [Asymmetric] Crash’: East Asia and Latin America Compared
   Palgrave Macmillan
   See also Journal Article Three and a Half Cycles of 'Mania, Panic, and [Asymmetric] Crash': East Asia and Latin America Compared, Cambridge Political Economy Society (1998) View citations (22) (1998)

1995

10. Nicaragua: The Sandinista Experiment and its Aftermath
    Palgrave Macmillan