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Books > Business & Economics > Economics > Macroeconomics
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The Behavioral and Welfare Analysis of Consumption - The Cost of Children, Equity and Poverty in Colombia (Hardcover, 2003 ed.)
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The Behavioral and Welfare Analysis of Consumption - The Cost of Children, Equity and Poverty in Colombia (Hardcover, 2003 ed.)
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The motive force of human activity that propels the stream of
progress is here caught at its source, in its most modest, material
expressions. The mechanism of the passions acting as determinant in
these low spheres is less complex and can therefore be observed
with greater precision. All one need do is leave the picture its
clear, calm colors and its simple design. Gradually, as that search
for material well-being by which man is tormented grows and expand,
it also tends to rise and pursue an ascendant course thorough the
social classes. In 'I Malavoglia' it is still only the struggle for
material needs. Once these needs are satisfied, the search turns
into greed for riches and will be embedded in a bourgeois type . .
. Giovanni Verga, from the Introduction to The House by the Medlar
Tree (I Malavoglia) Motivation In the past decade, many less
developed countries have undertaken structural adjustment programs
with the hope of breaking the vicious circle of the depression that
enveloped them during the 1980s and of loosening the suffocating
grip of the debt crisis. Nearly always, macroeconomic stabilization
implies a reduction of public spending and, consequently, a
reduction of subsidies on wage goods and food production. Other
macro policies, such as tariff elimination and exchange rates
alignment, alter relative prices and may have significant effects
on the level and distribution of income. Today, poverty and
inequality are perceived as economic threats as a result of
globalization and unbalanced market expansion.
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