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Asset Inequality Does Matter: Lessons from Latin America

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  • Nancy Birdsall
  • Juan Luis Londoño

Abstract

In light of recent results, the fight against poverty in Latin America has been far from satisfactory. The standard approach of multicultural credit agencies will continue to be limited if it does not stress the central role of the distribution as well as the accumulation of productive assets, especially human capital. After removing fiscal and trade distortions with structural reforms, insufficient levels of human and physical capital accumulation and highly skewed asset distribution are critical growth constraints for Latin America. Policies aimed at reducing inequalities in assets accumulation should be at the center of a new approach for poverty eradication and increased growth in Latin America at the start of the new century.

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Bibliographic Info

Paper provided by Inter-American Development Bank, Research Department in its series Research Department Publications with number 4066.

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Date of creation: Mar 1997
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Handle: RePEc:idb:wpaper:4066

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Cited by:
  1. Morley, Samuel A., 2001. "Distribution and growth in Latin America in an era of structural reform," TMD discussion papers 66, International Food Policy Research Institute (IFPRI).
  2. Mayer, David, 2001. "The Long-Term Impact of Health on Economic Growth in Latin America," World Development, Elsevier, vol. 29(6), pages 1025-1033, June.
  3. Patrinos, Harry Anthony & Skoufias, Emmanuel & Lunde, Trine, 2007. "Indigenous peoples in Latin America : economic opportunities and social networks," Policy Research Working Paper Series 4227, The World Bank.
  4. Ehrhart, Christophe, 2006. "Croissance, redistribution et lutte contre la pauvreté : l’évolution non linéaire de l’approche de la Banque mondiale," L'Actualité Economique, Société Canadienne de Science Economique, vol. 82(4), pages 597-641, décembre.
  5. Nunnenkamp, Peter & Thiele, Rainer, 2004. "Strategien zur Bekämpfung der weltweiten Armut: Irrwege, Umwege und Auswege," Kiel Discussion Papers 407, Kiel Institute for the World Economy (IfW).
  6. Alfredo Cuevas, 2001. "Short-And Long-Term Poverty and Social Policy in a "Snakes and Ladders" Model of Growth," IMF Working Papers 01/172, International Monetary Fund.
  7. Harry Anthony Patrinos & Emmanuel Skoufias, 2007. "Economic Opportunities for Indigenous Peoples in Latin America : Conference Edition," World Bank Other Operational Studies 8019, The World Bank.
  8. Davis, Graham A. & Vásquez Cordano, Arturo L., 2013. "The fate of the poor in growing mineral and energy economies," Resources Policy, Elsevier, vol. 38(2), pages 138-151.
  9. Mayer, David, 2000. "On the Role of Health in the Economic and Demographic Dynamics of Brazil, 1980-1995," Arbetsrapport 2000:4, Institute for Futures Studies.
  10. Luis Carlos Valenzuela & Alejandro Arregocés C., 2004. "Liberales versus libertarios," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 6(10), pages 241-249, January-J.

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