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The Costs of Inequality in Latin America - Lessons and Warnings for the Rest of the World (Hardcover)
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The Costs of Inequality in Latin America - Lessons and Warnings for the Rest of the World (Hardcover)
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From the United States to the United Kingdom and from China to
India, growing inequality has led to social discontent and the
emergence of populist parties, also contributing to economic
crises. We urgently need a better understanding of the roots and
costs of these income gaps. The Costs of Inequality draws on the
experience of Latin America, one of the most unequal regions of the
world, to demonstrate how inequality has hampered economic growth,
contributed to a lack of good jobs, weakened democracy, and led to
social divisions and mistrust. In turn, low growth, exclusionary
politics, violence and social mistrust have reinforced inequality,
generating various vicious circles. Latin America thus provides a
disturbing image of what the future may hold in other countries if
we do not act quickly. It also provides some useful lessons on how
to fight income concentration and build more equitable societies.
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