New Markets, New Opportunities? Economic and Social Mobility in a Changing World

New Markets, New Opportunities? Economic and Social Mobility in a Changing World

New Markets, New Opportunities? Economic and Social Mobility in a Changing World

New Markets, New Opportunities? Economic and Social Mobility in a Changing World

Synopsis

Many of the countries that have recently converted to a market-based economic system have also experienced an alarming increase in income inequality -- a widening gap between the haves and have nots. But to what extent is the increase in inequality also increasing the opportunities for economic advancement -- particularly for those at the bottom of the economic ladder? Does the creation of greater opportunities make a region's move to the market politically acceptable? And, if opportunities don't increase along with inequality, will it eventually cause a political backlash against a country's market policies? This book highlights the importance of finding the answers to those questions by examining the issues of social mobility and opportunity as an essential part of the income inequality puzzle. It provides a summary of the latest research on the economics and politics of social mobility in both developed and emerging market economies, including the conceptual issues involved and the challenges of accurately documenting trends. The book concludes with a discussion of the economics of opportunity and mobility in Latin America and Eastern Europe, and the politics and perceptions of mobility in the two regions.

Excerpt

The dramatic entry of the emerging market countries into the global economy has raised new questions about inequality and opportunity worldwide. Indeed, as the international financial crisis of 1997-98 suggested, even the most apparently successful fast-growing economies of East Asia are not immune to the increased inequality and insecurity that global financial contagion implies for their citizens. And because many emerging market countries are also in the midst of transitions to more democratic and decentralized political systems, the effects of inequality on SYSTEM support for market policies are also a concern.

New Markets, New Opportunities? focuses on social mobility and opportunity as an essential part of the debate on income inequality in both developed and developing economies. The essays in this book attempt to provide answers to two critical questions. To what extent is the increase in inequality that has accompanied the turn to the market in the emerging economies remediated by increasing the opportunities for advancement, particularly for those at the bottom of the income ladder? Does the creation of greater opportunities help generate wider political support for a country's move to the market?

Relying on the contributions of scholars with expertise in inequality and mobility issues in the United States and in developing countries, the book provides a summary of the latest research on the economics and politics of social mobility. It elaborates on the conceptual issues involved and the challenges of accurately documenting trends. It concludes with analy-

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.