No Growth without Equity?: Inequality, Interests, and Competition in Mexico (Equity and development)

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9780821377673: No Growth without Equity?: Inequality, Interests, and Competition in Mexico (Equity and development)
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Equity and growth are central concerns for development in Mexico. Specific inequalities in income, power, wealth, and status create and sustain economic institutions and policies that perpetuate these inequalities and promote poor economic performace. 'No Growth without Equity? Inequality, Interests, and Competition in Mexico' presents a novel analysis showing why more equality is necessary to increase economic growth.

The authors analyze the causes of persistent inequality and weak growth in Mexico, despite major changes associated with NAFTA and democratization, and draw implications for policy design. The book involves an innovative synthesis of work on overall links between equity and growth, and carefully grounded analysis in specific areas. The issues are of intense interest to policy debate in Mexico and to the development community in Latin America and elsewhere.

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About the Author:

MICHAEL WALTON is Visiting Senior Fellow, Centre for Policy Research, Delhi, and a Lecturer in International Development at Harvard University's Kennedy School of Government SANTIAGO LEVY is Vice President for Sectors and Chief Economist for the Inter-American Development Bank. He was General Director of the Instituto Mexicano del Seguro Social from 2000 to 2005

Review:

Economists tend to think of equity and growth as straightforward outcomes of government policy. This volume is part of a richer tradition that probes deeper and eschews a simple causal relationship. Inequality is both cause and consequence. History, politics, and institutions interact to determine the range of feasible policies, which in turn shape the contours of future institutional development. Mexico presents a highly rewarding context for these themes one that this volume s distinguished contributors richly exploit. --Dani Rodrik, Professor of International Political Economy, Kennedy School, Harvard University

Levy and Walton have brought together a distinguished group of social scientists to analyze why, despite significant reforms, Mexico s economy continues to underperform. Their key insight is that Mexico s political economy is stuck in a self-sustaining rent-sharing equilibrium that serves the interests of political and economic incumbents, at a high cost to the rest of Mexico s society. This book is required reading for anyone interested in Mexico s economic and political development. I highly recommend it. --Roberto Newell, Chief Executive Officer, Mexican Institute of Competitiveness

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Book Description World Bank Publications, United States, 2009. Paperback. Condition: New. 2009 ed.. Language: English . This book usually ship within 10-15 business days and we will endeavor to dispatch orders quicker than this where possible. Brand New Book. Equity and growth are central concerns for development. They are often treated as separate questions, both in economic and social analysis and development policy. This separation is neither good theory nor good practice. This book examines the relationship between equity and growth in Mexico. The central thesis is that Mexico s poor growth performance of the last twenty five years is intimately linked to inequity. Specific inequalities in power, wealth, and status have created and sustained economic institutions and polices that both tend to perpetuate these inequalities and are sources of inefficiencies and lack of dynamism in the economy. No Growth without Equity? analyzes this thesis at two levels: first, exploring the links between inequality, interests, and economic growth; second, providing specific examples as to how rent-seeking behavior in key sectors of Mexico s economy produce inefficiencies that are a source of low growth and income concentration. Mexico s growth problem is unlikely to be solved if these underlying inequalities are not tackled; this has large implications for policy design. Seller Inventory # TNP9780821377673

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Book Description World Bank Publications, United States, 2009. Paperback. Condition: New. 2009 ed.. Language: English . Brand New Book ***** Print on Demand *****. Equity and growth are central concerns for development. They are often treated as separate questions, both in economic and social analysis and development policy. This separation is neither good theory nor good practice. This book examines the relationship between equity and growth in Mexico. The central thesis is that Mexico s poor growth performance of the last twenty five years is intimately linked to inequity. Specific inequalities in power, wealth, and status have created and sustained economic institutions and polices that both tend to perpetuate these inequalities and are sources of inefficiencies and lack of dynamism in the economy. No Growth without Equity? analyzes this thesis at two levels: first, exploring the links between inequality, interests, and economic growth; second, providing specific examples as to how rent-seeking behavior in key sectors of Mexico s economy produce inefficiencies that are a source of low growth and income concentration. Mexico s growth problem is unlikely to be solved if these underlying inequalities are not tackled; this has large implications for policy design. Seller Inventory # AAV9780821377673

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Book Description World Bank Publications, United States, 2009. Paperback. Condition: New. 2009 ed.. Language: English . Brand New Book ***** Print on Demand *****.Equity and growth are central concerns for development. They are often treated as separate questions, both in economic and social analysis and development policy. This separation is neither good theory nor good practice. This book examines the relationship between equity and growth in Mexico. The central thesis is that Mexico s poor growth performance of the last twenty five years is intimately linked to inequity. Specific inequalities in power, wealth, and status have created and sustained economic institutions and polices that both tend to perpetuate these inequalities and are sources of inefficiencies and lack of dynamism in the economy. No Growth without Equity? analyzes this thesis at two levels: first, exploring the links between inequality, interests, and economic growth; second, providing specific examples as to how rent-seeking behavior in key sectors of Mexico s economy produce inefficiencies that are a source of low growth and income concentration. Mexico s growth problem is unlikely to be solved if these underlying inequalities are not tackled; this has large implications for policy design. Seller Inventory # AAV9780821377673

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