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Economic Mobility and the Rise of the Latin American Middle Class (Paperback)
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Economic Mobility and the Rise of the Latin American Middle Class (Paperback)
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With moderate but sustained economic growth and generally declining
inequality, the 2000s were a good decade for Latin America.
Moderate poverty fell from roughly 40% to 30% of the population.
Economic mobility powered a perceived increase in the ranks of the
Latin American middle class. But who, exactly, belongs to that
middle class? How much has it really grown? How much economic
mobility do these countries really display? Drawing on a unique
combination of data sets - income and consumption distributions,
test scores, parental characteristics, personal beliefs and
attitudes - this volume sheds new light on a period of pronounced
social change in Latin America and the Caribbean. It paints a
nuanced picture of a society where the intergenerational
transmission of socioeconomic status still prevails, but where
upward income movement within generations is now significant. It
adopts a middle class definition that is based on economic
security, and is arguably less arbitrary than others in the
literature, and documents a 50% increase in its size. Yet, most of
the continent's population is neither poor nor middle-class - but
near-poor or vulnerable. The authors argue that there are many
potential benefits from a growing middle class, but caution that
whether those benefits come to fruition will depend, to a large
extent, on whether countries manage to anchor their middle classes
into a new, more cohesive, social contract that emphasises the
inclusion of those who so far have been left behind.|Although the
new European Union Party Financing Regulation is actually a
sub-topic of the widely discussed European Constitution, officials
have so far been rather quiet about it. The Regulation declares
artificially created bodies called ""party alliances"" as political
parties for the sole purpose of enabling subsidies from the EU
budget to be paid to the European umbrella organizations of the
established parties. This book argues that the regulation violates
almost every principle of appropriate and legitimate public funding
of political parties. Such principles have, for instance, already
been drawn up by the German Constitutional Court and the Council of
Europe. This book discusses such issues. Hans Herbert von Arnim is
professor of public law at the School for Public Administration in
Speyer, Germany. Martin Schurig teaches at the Institute for Public
Administration in Speyer, Germany.
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