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Economic Growth, Equity and Human Development in Latin America

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  • José Antonio Ocampo
  • Juliana Vallejo

Abstract

The relation between the economy and equity has shown marked contrasts in Latin America over the past two decades. Increases in public spending have been reflected in advances in education, health and access to basic utilities. In contrast, the region has experienced weak labor market performance and limited advances in social security. An intermediate situation has characterized poverty and income distribution, where there has been important progress during the first decade of the twenty-first century after almost a quarter century of unsatisfactory performance. This panorama can be described as a process of human development with precarious employment and economic insecurity. It indicates that Latin America has found it easier to respond to the challenge of human development than to the reduction of inequality and the expansion of ‘labor citizenship’.

Suggested Citation

  • José Antonio Ocampo & Juliana Vallejo, 2012. "Economic Growth, Equity and Human Development in Latin America," Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 13(1), pages 107-133, February.
  • Handle: RePEc:taf:jhudca:v:13:y:2012:i:1:p:107-133
    DOI: 10.1080/19452829.2011.637395
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    References listed on IDEAS

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    1. Francois Bourguignon & Francisco H.G. Ferreira & Nora Lustig, 2005. "The Microeconomics of Income Distribution Dynamics in East Asia and Latin America," World Bank Publications, The World Bank, number 14844.
    2. Tokman, Víctor E., 2007. "Informalidad, inseguridad y cohesión social en América Latina," Políticas Sociales 130, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    3. Morley, Samuel A., 2001. "The income distribution problem in Latin America and the Caribbean," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 65 edited by Eclac, February.
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