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Distributive Justice and Economic Development - The Case of Chile and Developing Countries (Hardcover)
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Distributive Justice and Economic Development - The Case of Chile and Developing Countries (Hardcover)
Series: Development & Inequality in the Market Economy
Expected to ship within 9 - 15 working days
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The relationship between the process of creating wealth and
distributing it has been a subject of great analytical and policy
interest to development economists for many years. Is there an
inevitable conflict, or tradeoff, between wealth creation and
wealth distribution? Can both growth and social equity increase
simultaneously? What role can public policy play to affect
growth-equity outcomes?
These questions are particularly salient both for Latin America,
where inequality levels are among the highest in the world, and for
developing countries in general. A key question is to what extent
market-oriented reform, followed with great impetus in the 1990s in
the developing and postsocialist world, is compatible with socially
accepted patterns of distribution of income, wealth, and
opportunities.
Part 1 provides the analytical-empirical perspective. Contributors
explore alternative concepts of distributive justice and social
equity and their links with macro policies, structural reform, and
human development. Part 2 is written mainly by Chilean
policymakers, who examine Chile's economic reform started in the
1970s under a military regime and continued in the 1990s by the
democratic regime. They describe the process of very rapid economic
growth matched by significant poverty reduction and persistent
wealth and income inequality.
Such a theme requires a dialogue between professional economists,
social thinkers, and policy practitioners both at the national and
international levels. This book provides that dialogue on the
issues of social equity, distributive justice, and economic
development and will be important reading for development
economists and Latin American scholars.
Andres Solimano is Director of the Country Management Unit for
Colombia, Ecuador, and Venezuela at the World Bank. Eduardo Ananat
is Minister of Finance of Chile. Nancy Birdsall is Chief of Policy
and Research, Population Health and Nutrition Department at the
World Bank.
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