World inequality, Latin America catching up, and the asymmetries in power

Victor Isidro Luna

Japanese Economy, 2022, vol. 48, issue 1, 27-48

Abstract: Despite the increase of material wealth through time, the majority of countries throughout the world have been unable to catch up consistently with the core countries. This article shows that between-country inequality has surged, and that wealthy countries can perform better than poor countries in achieving growth in the long term. Also, it demonstrates that Latin America countries have not caught up to the leading countries, and that between the rich and Latin countries there remains “an unbridgeable gulf,” using Harrod and Hirch’s words. Finally, using real and financial variables, this article shows that some Latin American countries have been subjected to exclusion and exploitation and cannot apply the same developmental policies as the richest countries.

Date: 2022
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.1080/2329194X.2022.2056058 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mes:jpneco:v:48:y:2022:i:1:p:27-48

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MJES19

DOI: 10.1080/2329194X.2022.2056058

Access Statistics for this article

More articles in Japanese Economy from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().