Beyond Tradeoffs: Market Reform And Equitable Growth In Latin America,New

Beyond Tradeoffs: Market Reform And Equitable Growth In Latin America,New

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Latin American income distribution is among the most unequal in the world. Both the poor and the wealthy have paid a price for this inequality, which is in part responsible for the region's low growth rates. The essays in this book propose new ways of reducing inequality, not by growthinhibiting transfers and regulations, but by enhancing efficiencyeliminating consumption subsidies for the wealthy, increasing the productivity of the poor, and shifting to a more labor and skilldemanding growth path. In Beyond Tradeoffs, Latin American experts demonstrate how marketfriendly measures in key policy areas can simultaneously promote greater equity and greater efficiency. By identifying winwin strategies, the authors challenge the conventional wisdom that there is always a tradeoff between these two objectives. Extensive macroeconomic reforms in the region have provided opportunities to implement such strategies across many sectors.The volume aims at building a ''Latin consensus'' on a second round of reformsreforms that address the urgent issue of inequality without undermining efficient growth. Contributors include Jonathan Coles, Rene Cortazar, Ricardo Hausmann, Juan Luis Londoo, Nora Lustig, Moises Nam, and Joseph Stiglitz.Copublished with the InterAmerican Development Bank'

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