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No Growth without Equity? Inequality, Interests, and Competition in Mexico

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  • Santiago Levy
  • Michael Walton
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    Abstract

    In this introduction, the authors do three things. They first introduce the puzzle and relate it to existing interpretations from market reformists and their critics, arguing that both sets of views are inadequate. The authors then offer an alternative interpretation: that entrenched inequities sustained by a rent-sharing political equilibrium are a primary source of inefficiencies and weak growth. Moreover, this equilibrium has been resilient to democratization in ways that can be explained by the nature of the underlying forces. Finally, they draw some tentative implications for the future, suggesting how public action could potentially support a shift to more equitable and more efficient equilibrium. The volume's chapters are introduced within the structure of this argument.

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    File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/13263/47605.pdf?sequence=1
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    Bibliographic Info

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    This book is provided by The World Bank in its series World Bank Publications with number 13263 and published in 2009.

    ISBN: 978-0-8213-7767-3
    Handle: RePEc:wbk:wbpubs:13263

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    Related research

    Keywords: Finance and Financial Sector Development - Access to Finance Finance and Financial Sector Development - Debt Markets Macroeconomics and Economic Growth - Economic Theory & Research Private Sector Development - Emerging Markets;

    References

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    1. Estache, Antonio & Rossi, Martin A., 2008. "Regulatory agencies : impact on firm performance and social welfare," Policy Research Working Paper Series 4509, The World Bank.
    2. Mark Armstrong & Simon Cowan & John Vickers, 1994. "Regulatory Reform: Economic Analysis and British Experience," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262510790, December.
    3. Scott Wallsten, 2004. "Privatizing Monopolies in Developing Countries: The Real Effects of Exclusivity Periods in Telecommunications," Journal of Regulatory Economics, Springer, Springer, vol. 26(3), pages 303-320, 08.
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    Cited by:
    1. Azuara, Oliver & Marinescu, Ioana, 2011. "Informality and the expansion of social protection programs," MPRA Paper 35073, University Library of Munich, Germany.
    2. Azuara, Oliver, 2011. "Effect of universal health coverage on marriage, cohabitation and labor force participation," MPRA Paper 35074, University Library of Munich, Germany.

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