The Costs of Inequality in Latin America: Lessons and Warnings for the Rest of the World - Hardcover

Diego Sánchez-Ancochea

Hardcover

ISBN 10: 1838606246 ISBN 13: 9781838606244

Publisher: I.B. Tauris, 2020

Synopsis

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.

About this title

About the Author

Diego Sánchez-Ancochea is Professor of the Political Economy of Development at the University of Oxford.

Edition details

• Publisher: I.B. Tauris
• Publication date: 2020
• Language: English
• ISBN 10: 1838606246
• ISBN 13: 9781838606244
• Binding: Hardcover
• Number of pages: 224