Growth, Equality, and the Mexican Experience

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Publisher : University of Texas Press
ISBN 13 : 1477304983
Total Pages : 353 pages
Book Rating : 4.4/5 (773 download)

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Book Synopsis Growth, Equality, and the Mexican Experience by : Morris Singer

Download or read book Growth, Equality, and the Mexican Experience written by Morris Singer and published by University of Texas Press. This book was released on 2014-11-06 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: Central to the research that went into the preparation of this monograph is the relationship between economic development and equality. To determine and characterize that relationship Morris Singer focuses on the various components of equality at different stages of development. The author particularly explores the behavior of income distribution, together with its bearing on the components of aggregate demand. Mexico provided an excellent case to examine in depth because of its impressive growth and the fact that it experienced Latin America’s first successful twentieth-century revolution. Although the Revolution of 1910 hastened social equality and introduced other changes that stimulated Mexico’s economic growth, it could not prevent a serious increase in the inequality of income distribution. By the early 1960s the government found it necessary to rectify this increasing imbalance through a program of expenditures designed to counteract widespread poverty and weak aggregate demand. To ward off inflation, this program in turn could be implemented only by tax reform. In discussing the relationship between development and equality in its various dimensions, noneconomic as well as economic, this monograph points out that, at the time of this study, government policies in Mexico were dictated by an elite concerned primarily with the country’s economic advancement. Singer concludes that if programs of government expenditure and tax reform succeed in remedying the inequalities of income distribution, this could gradually make possible the development of a more genuine political as well as economic democracy. This book reflects Singer’s interest in the relationship between equality and development. It is the result of five months of intensive in-residence study in Mexico, financed in part by a grant from the Social Science Research Council.

Income Equality and Economic Growth in Mexico

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Publisher :
ISBN 13 :
Total Pages : 508 pages
Book Rating : 4.:/5 (171 download)

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Book Synopsis Income Equality and Economic Growth in Mexico by : Ortega Diaz, Araceli

Download or read book Income Equality and Economic Growth in Mexico written by Ortega Diaz, Araceli and published by . This book was released on 2003 with total page 508 pages. Available in PDF, EPUB and Kindle. Book excerpt:

No Growth Without Equity?

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Author :
Publisher : World Bank Publications
ISBN 13 : 082137768X
Total Pages : 476 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis No Growth Without Equity? by : Santiago Levy

Download or read book No Growth Without Equity? written by Santiago Levy and published by World Bank Publications. This book was released on 2009 with total page 476 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work examines the relationship between equity and growth in Mexico. It looks at how specific inequalities in power, wealth and status have created and sustained economic institutions and policies that both tend to perpetuate these inequalities and are sources of inefficiences in the economy.

How Mexico's Financial Crisis Affected Income Distribution

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Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4./5 ( download)

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Book Synopsis How Mexico's Financial Crisis Affected Income Distribution by : Gladys Lopez Acevedo

Download or read book How Mexico's Financial Crisis Affected Income Distribution written by Gladys Lopez Acevedo and published by World Bank Publications. This book was released on with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: After Mexico's financial crisis in 1994, the distribution of income and labor earnings improved. But financial income and rising labor earnings in higher-income brackets are growing sources of inequality in Mexico.

How Mexico's Financial Crisis Affected Income Distribution

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Publisher :
ISBN 13 :
Total Pages : 33 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis How Mexico's Financial Crisis Affected Income Distribution by : Gladys Lopez-Acevedo

Download or read book How Mexico's Financial Crisis Affected Income Distribution written by Gladys Lopez-Acevedo and published by . This book was released on 2016 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: After Mexico's financial crisis in 1994, the distribution of income and labor earnings improved. But financial income and rising labor earnings in higher-income brackets are growing sources of inequality in Mexico. After Mexico's financial crisis in 1994, the distribution of income and labor earnings improved. Did inequality increase during the recession, as one would expect, since the rich have more ways to protect their assets than the poor do? After all, labor is poor people's only asset (the labor-hoarding hypothesis).In principle, one could argue that the richest deciles experienced severe capital losses because of the crisis in 1994-96, and were hurt proportionately more than the poor were. But the facts don't support this hypothesis. As a share of total income, both monetary income (other than wages and salaries) and financial income increased during that period, especially in urban areas.Financial income is a growing source of inequality in Mexico. Mexico's economy had a strong performance in 1997. The aggregate growth rate was about 7 percent, real investment grew 24 percent and exports 17 percent, industrial production increased 9.7 percent, and growth in civil construction (which makes intensive use of less skilled labor) was close to 11 percent. Given those figures, it is not surprising that the distribution of income and labor earnings improved, but the magnitude and quickness of the recovery prompted a close inspection of the mechanisms responsible for it.Lopez-Acevedo and Salinas analyze the decline in income inequality after the crisis, examine income sources that affect the level of inequality, and investigate the forces that drive inequality in Mexico. They find that in 1997 the crisis had hurt the income share of the top decile of the population mainly by reducing its share of labor earnings. Especially affected were highly skilled workers in financial services and nontradables. Results from 1998 suggest that the labor earnings of those workers recovered and in fact increased. Indeed, labor earnings are a growing source of income inequality.This paper - a product of the Economic Policy Sector Unit and Mexico Country Office, Latin America and the Caribbean Region - is part of the Bank's study of earnings inequality after Mexico's economic and educational reforms.

The Economics of Poverty, Inequality and Wealth Accumulation in Mexico

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Author :
Publisher : Springer
ISBN 13 : 0230372619
Total Pages : 293 pages
Book Rating : 4.2/5 (33 download)

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Book Synopsis The Economics of Poverty, Inequality and Wealth Accumulation in Mexico by : M. Székely

Download or read book The Economics of Poverty, Inequality and Wealth Accumulation in Mexico written by M. Székely and published by Springer. This book was released on 1998-09-21 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this book is to understand why despite a considerable increase in average income in Mexico during the 1984-1992 period of economic liberalization, the conditions of the poorest of the poor deteriorated and income inequality increased. To explain why some individuals were able to take advantage of the opportunities which the economy was generating, while others were prevented from doing so, the author suggests some methodology to extract additional information from poverty and inequality measures, and test the main theories of household saving behaviour.

Changes in the Distribution of Income in México and Trade Liberalization

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Publisher : Colegio de La Frontera Norte
ISBN 13 :
Total Pages : 180 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Changes in the Distribution of Income in México and Trade Liberalization by : Diana Alarcón González

Download or read book Changes in the Distribution of Income in México and Trade Liberalization written by Diana Alarcón González and published by Colegio de La Frontera Norte. This book was released on 1994 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Study examines trends in income distribution in Mexico during the period of trade and economic liberalization. Makes the obvious but often ignored point that the prediction of orthodox theory can turn out to be false if its assumptions are not fulfilled and if offsetting forces are at work. The study's detailed analysis of the effective protection rates in 1989 shows how inadequate reforms have been as far as the promotion of efficient resource allocation"--Handbook of Latin American Studies, v. 57.

Development and Growth in the Mexican Economy

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Publisher : Oxford University Press
ISBN 13 : 019537116X
Total Pages : 325 pages
Book Rating : 4.1/5 (953 download)

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Book Synopsis Development and Growth in the Mexican Economy by : Juan Carlos Moreno-Brid

Download or read book Development and Growth in the Mexican Economy written by Juan Carlos Moreno-Brid and published by Oxford University Press. This book was released on 2009-04-23 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the first comprehensive and systematic English-language treatment of Mexico's economic history to appear in nearly forty years. Drawing on several years of in-depth research, Juan Carlos Moreno-Brid and Jaime Ros, two of the foremost experts on the Mexican economy, examine Mexico's current development policies and problems from a historical perspective. They review long-term trends in the Mexican economy and analyze past episodes of radical shifts in development strategy and in the role of markets and the state. This book provides an overview of Mexico's economic development since Independence that compares the successive periods of stagnation and growth that alternately have characterized Mexico's economic history. It gives special attention to developments since 1940, and it presents a re-evaluation of Mexico's development policies during the State-led industrialization period from 1940 to 1982 as well as during the more recent market reform process. This reevaluation is critical of the dominant trend in economic literature and is revisionist in arguing that, in particular, the market reforms undertaken by successive Mexican governments since 1983 have not addressed the fundamental obstacles to economic growth. Development and Growth in the Mexican Economy also details the country's pioneering role in launching NAFTA, its membership in the OECD, and its radical macroeconomic reforms. Carefully argued and meticulously researched, the book presents a wide-ranging, authoritative study that not only pinpoints problems, but also suggests solutions for removing obstacles to economic stability and pointing the Mexican economy toward the road to recovery.

How Mexico's Financial Crisis Affected Income Distribution

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Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis How Mexico's Financial Crisis Affected Income Distribution by : Gladys Lopez Acevedo

Download or read book How Mexico's Financial Crisis Affected Income Distribution written by Gladys Lopez Acevedo and published by World Bank Publications. This book was released on 2000 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: After Mexico's financial crisis in 1994, the distribution of income and labor earnings improved. But financial income and rising labor earnings in higher-income brackets are growing sources of inequality in Mexico.

Mexico's Recent Economic Growth

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Publisher : University of Texas Press
ISBN 13 : 147730648X
Total Pages : 234 pages
Book Rating : 4.4/5 (773 download)

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Book Synopsis Mexico's Recent Economic Growth by :

Download or read book Mexico's Recent Economic Growth written by and published by University of Texas Press. This book was released on 2014-11-11 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Mexican economy underwent a process of growth and transformation in the twentieth century, which was confirmed by the indexes and figures that economists use to chart the rate of growth, even allowing for possible inaccuracies in these figures. This volume of six essays makes readily available to English-speaking readers a selection of significant contributions by outstanding Mexican economists dealing with the mid-twentieth-century growth of the Mexican economy. Enrique Pérez López provides an overview of the development of the gross national product in the economy and the structural changes that were imperative if basic social goals were to be implemented and the optimal adjustments to changing world conditions effected. Ernesto Fernández Hurtado discusses the process of accommodation and cooperation between the public and the private sectors that has contributed significantly to economic growth, stressing particularly the role of agriculture. Mario Ramón Beteta describes central bank policy and the functioning of the Central Bank, showing how control over credit and the banking system assures stability and accelerating growth through its credit rationing. Alfredo Navarrete R. traces the sources of domestic savings that have provided 90 percent of the capital employed in the economy since the Revolution, and Ifigenia M. de Navarrete demonstrates that rapid economic growth has not resulted in a more equitable distribution of income. Victor Urquidi stresses the balanced growth, achieved by allocating public capital formation to basic infrastructure, that has helped develop agriculture as well as industry, and indicates the nature of the structural change that must occur if the economy is to expand rapidly. In his introduction Tom E. Davis compares growth in Mexico with developments during the same period in Chile and Argentina. The country reached its midcentury standard of living after fifty years of drastic social and political changes under a constitution that altered the system and the concept of private property and the role of the state. These new concepts brought about changes in the structure of production and social relationships, together with a rise to new cultural, technical, and moral levels. These changes, in turn, placed Mexico in a new position with new problems. A question that must be answered is whether the economic goals of the future require a reappraisal of social relationships and of the ways of administering and utilizing the country’s resources and potential productivity.

Socio-economic Groups and Income Distribution in Mexico

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Publisher : Taylor & Francis
ISBN 13 : 9780709901679
Total Pages : 237 pages
Book Rating : 4.9/5 (16 download)

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Book Synopsis Socio-economic Groups and Income Distribution in Mexico by : Wouter van Ginneken

Download or read book Socio-economic Groups and Income Distribution in Mexico written by Wouter van Ginneken and published by Taylor & Francis. This book was released on 1980 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Causes and Consequences of Income Inequality

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Publisher : International Monetary Fund
ISBN 13 : 1513547437
Total Pages : 39 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Causes and Consequences of Income Inequality by : Ms.Era Dabla-Norris

Download or read book Causes and Consequences of Income Inequality written by Ms.Era Dabla-Norris and published by International Monetary Fund. This book was released on 2015-06-15 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the extent of income inequality from a global perspective, its drivers, and what to do about it. The drivers of inequality vary widely amongst countries, with some common drivers being the skill premium associated with technical change and globalization, weakening protection for labor, and lack of financial inclusion in developing countries. We find that increasing the income share of the poor and the middle class actually increases growth while a rising income share of the top 20 percent results in lower growth—that is, when the rich get richer, benefits do not trickle down. This suggests that policies need to be country specific but should focus on raising the income share of the poor, and ensuring there is no hollowing out of the middle class. To tackle inequality, financial inclusion is imperative in emerging and developing countries while in advanced economies, policies should focus on raising human capital and skills and making tax systems more progressive.

Note on Mexican economic development and income distribution

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Publisher :
ISBN 13 :
Total Pages : 30 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Note on Mexican economic development and income distribution by : Adalberto García Rocha

Download or read book Note on Mexican economic development and income distribution written by Adalberto García Rocha and published by . This book was released on 1990 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Political Economy of Income Distribution in Mexico

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Publisher : Holmes & Meier Publishers
ISBN 13 :
Total Pages : 572 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Political Economy of Income Distribution in Mexico by : Pedro Aspe Armella

Download or read book The Political Economy of Income Distribution in Mexico written by Pedro Aspe Armella and published by Holmes & Meier Publishers. This book was released on 1984 with total page 572 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research papers, case study of the impact of economic policy and economic reform on income distribution in Mexico - examines the causes of economic disparity and wage differentials; studies the economic implications of development policy, trade policy and agricultural policy; discusses the consequences of public sector expansion, growth of export earnings, tax reform, foreign investment regulations and social security programmes. Graphs, references, statistical tables.

Income Inequality and Government Transfers in Mexico

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Publisher : International Monetary Fund
ISBN 13 : 1498326382
Total Pages : 24 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Income Inequality and Government Transfers in Mexico by : Frederic Lambert

Download or read book Income Inequality and Government Transfers in Mexico written by Frederic Lambert and published by International Monetary Fund. This book was released on 2019-07-11 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyze microdata from Mexico's survey on household income and expenditures (ENIGH) to study the evolution of income inequality in Mexico over 2004-16, identify its sources, and investigate how it was affected by government social policy. We find evidence of only a small decline in inequality over this period. The observed decline may be attributed to government transfers, notably targeted cash transfers (Prospera) and non-contributory pensions. In 2016, those two programs accounted for more than two thirds of the reduction in the Gini coefficient due to government transfers. Other transfer programs such as farmland subsidies (Proagro), government scholarships, and non-monetary transfers for medical expenditures have not been as effective.

Growth and Equity in Mexico

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Publisher :
ISBN 13 :
Total Pages : 160 pages
Book Rating : 4.A/5 ( download)

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Book Synopsis Growth and Equity in Mexico by :

Download or read book Growth and Equity in Mexico written by and published by . This book was released on 1979 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Income Inequality

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Publisher : Org. for Economic Cooperation & Development
ISBN 13 : 9789264246003
Total Pages : 120 pages
Book Rating : 4.2/5 (46 download)

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Book Synopsis Income Inequality by : Brian Keeley

Download or read book Income Inequality written by Brian Keeley and published by Org. for Economic Cooperation & Development. This book was released on 2015-12-21 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: Income inequality is rising. A quarter of a century ago, the average disposable income of the richest 10% in OECD countries was around seven times higher than that of the poorest 10%; today, it's around 9½ times higher. Why does this matter? Many fear this widening gap is hurting individuals, societies and even economies. This book explores income inequality across five main headings. It starts by explaining some key terms in the inequality debate. It then examines recent trends and explains why income inequality varies between countries. Next it looks at why income gaps are growing and, in particular, at the rise of the 1%. It then looks at the consequences, including research that suggests widening inequality could hurt economic growth. Finally, it examines policies for addressing inequality and making economies more inclusive.