Is Greater Equity Necessary for Higher Long-Term Growth in Latin America?

François Bourguignon and Michael Walton

Chapter 5 in Economic Growth with Equity, 2007, pp 95-125 from Palgrave Macmillan

Abstract: Abstract This chapter explores the relationship between equity and the growth process. It argues that equity, in the sense of equality of opportunity, is, in some fundamental respects, complementary to long-run growth. Sustained growth is likely to be much more problematic in highly inequitable societies. This is of central concern for Latin America because of the continued large inequities prevalent throughout the continent.

Keywords: Income Inequality; Latin American Country; Public Spending; Sustained Growth; Market Imperfection (search for similar items in EconPapers)
Date: 2007
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Working Paper: Is Greater Equity Necessary for Higher Long-term Growth in Latin America? (2006)
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DOI: 10.1057/9780230800915_5

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