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Equality --- Poverty --- Structural adjustment (Economic policy) --- Egalité (Sociologie) --- Pauvreté --- Ajustement structurel (Economie) --- Latin America --- Amérique latine --- Economic conditions --- Conditions économiques --- Egalité (Sociologie) --- Pauvreté --- Amérique latine --- Conditions économiques --- 1982-.... --- Poverty - Latin America. --- Equality - Latin America. --- Latin America - Economic conditions - 1982 --- -Poverty --- -Equality --- Latin America - Economic conditions - 1982-
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Inflation (Finance) and unemployment --- 332.620 --- 333.841 --- AA / International- internationaal --- US / United States of America - USA - Verenigde Staten - Etats Unis --- 331.56 --- 336.748.12 --- Stagflation --- Inflation (Finance) --- Stagnation (Economics) --- 331.56 Werkloosheid. Arbeidsreserve --- Werkloosheid. Arbeidsreserve --- 336.748.12 Algemeen prijsniveau. Prijsindex. Prijsstijging --- Algemeen prijsniveau. Prijsindex. Prijsstijging --- Werkloosheid: algemeenheden. Philipscurve --- Inflatie --- Money. Monetary policy
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Brazil is one of the world's best-known examples of inequitable growth. Since 1964 its military government has used a trickle-down development strategy that relies on the private market and high profits for owners of capital and at the same time relies on holding down wages of the unskilled and neutralizing the power of labour unions. Although this strategy did result in an impressive amount of economic growth, it has been harshly criticized for its unfairness. The general consensus is that most of the benefits of growth went to the rich, precious few to the poor. This study, first published in 1982 challenges the majority view. It shows that the poor benefited far more from growth than the income distribution statistics seem to imply. Despite appearances, the economy was a highly dynamic one for all groups. Job creation more than kept pace with the growth of the labour force, and most of the jobs created were good ones, rather than make-work employment in the informal sector.
Labor supply --- Income distribution --- Brazil --- Economic conditions --- Business, Economy and Management --- Economics --- Labor supply - Brazil --- Income distribution - Brazil --- Brazil - Economic conditions - 1964-1985
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Latin America has long had the most unequally distributed income in the world because of land ownership patterns, development and education policies and demography, which have swelled the supply of unskilled labour and demand for skilled workers, leading to widening inequality. Import substitution produced high growth but also high inequality and led to a debt crisis. But globalisation reforms in the 1990s did not reduce inequality and sometimes increased it. Now, because of poor export performance, the priority is the tricky problem of how to boost the growth rate. The aim should be to absorb as much of the region’s excess of unskilled labour as possible, especially through construction and agriculture. Growth with equity should also focus on supporting and investing in backward regions. But the long-term key is education, which will narrow skill differentials, reduce inequality and increase the growth rate ...
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Latin America has long had the most unequally distributed income in the world because of land ownership patterns, development and education policies and demography, which have swelled the supply of unskilled labour and demand for skilled workers, leading to widening inequality. Import substitution produced high growth but also high inequality and led to a debt crisis. But globalisation reforms in the 1990s did not reduce inequality and sometimes increased it. Now, because of poor export performance, the priority is the tricky problem of how to boost the growth rate. The aim should be to absorb as much of the region’s excess of unskilled labour as possible, especially through construction and agriculture. Growth with equity should also focus on supporting and investing in backward regions. But the long-term key is education, which will narrow skill differentials, reduce inequality and increase the growth rate ...
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This publication examines the impact of structural reform on income distribution in the nine countries of Latin America and the Caribbean. Distribution in the region is the most unequal in the world, and this publication identifies and discusses the contributing factors.
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