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

Author

Listed:
  • Santiago Levy
  • Michael Walton

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.

Suggested Citation

  • Santiago Levy & Michael Walton, 2009. "No Growth without Equity? Inequality, Interests, and Competition in Mexico," World Bank Publications, The World Bank, number 13263.
  • Handle: RePEc:wbk:wbpubs:13263
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    References listed on IDEAS

    as
    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, January.
    3. Scott Wallsten, 2004. "Privatizing Monopolies in Developing Countries: The Real Effects of Exclusivity Periods in Telecommunications," Journal of Regulatory Economics, Springer, vol. 26(3), pages 303-320, August.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Azuara, Oliver, 2011. "Effect of universal health coverage on marriage, cohabitation and labor force participation," MPRA Paper 35074, University Library of Munich, Germany.
    2. Harinder Kohli & Anil Sood (ed.), 2010. "India 2039: An Affluent Society in One Generation," Books, Emerging Markets Forum, edition 1, number india2039.
    3. Azuara, Oliver & Marinescu, Ioana, 2011. "Informality and the expansion of social protection programs," MPRA Paper 35073, University Library of Munich, Germany.
    4. Gill,Indermit S. & Revenga,Ana L. & Zeballos,Christian, 2016. "Grow, invest, insure : a game plan to end extreme poverty by 2030," Policy Research Working Paper Series 7892, The World Bank.

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