Beyond Tradeoffs: Market Reforms and Equitable Growth in Latin America

Synopsis

Latin American income distribution is among the most unequal in the world. Both the poor and the wealthy have paid a price for this inequality, which is in part responsible for the region's low growth rates. The essays in this book propose new ways of reducing inequality, not by growth-inhibiting transfers and regulations, but by enhancing efficiency -- eliminating consumption subsidies for the wealthy, increasing the productivity of the poor, and shifting to a more labor and skill-demanding growth path. In Beyond Tradeoffs, Latin American experts demonstrate how market-friendly measures in key policy areas can simultaneously promote greater equity and greater efficiency. By identifying win-win strategies, the authors challenge the conventional wisdom that there is always a tradeoff between these two objectives. Extensive macroeconomic reforms in the region have provided opportunities to implement such strategies across many sectors. The volume aims at building a "Latin consensus" on a second round of reforms -- reforms that address the urgent issue of inequality without undermining efficient growth. Contributors include Jonathan Coles, Rene Cortazar, Ricardo Hausmann, Juan Luis Londoqo, Nora Lustig, Moises Namm, and Joseph Stiglitz. Copublished with the Inter-American Development Bank

Additional information

Includes content by:
  • Carol Graham
  • Richard H. Sabot
  • John Sheahan
  • Enrique V. Iglesias
  • Eduardo Lora
  • Carol Graham
  • Richard H. Sabot
  • John Sheahan
  • Enrique V. Iglesias
  • Eduardo Lora
  • Juan Luis Londoño
  • Michael Gavin
  • Ricardo Hausmann
  • Nancy Birdsall
  • Michael R. Carter
  • Jonathan Coles
  • René Cortázar
  • Nora Lustig
  • Liliana Rojas-suárez
  • Steven R. Weisbrod
  • Estelle James
  • Raquel Alfaro
  • Ralph Bradburd
  • Joseph Stiglitz
  • Moisés Naím
Publisher: Place of publication:
  • Washington, DC
Publication year:
  • 1998