UNU-WIDER focal point:
Tony Addison, Chief Economist-Deputy Director of UNU-WIDER
Financial Reforms and Falling Inequality in Latin America, 2002-12: Are they Connected?
Blogpost by Giovanni Andrea Cornia in rightingfinance.org.
For the last quarter of the twentieth century, Latin America suffered from low growth, rising inequality, and frequent financial upheavals i.e. currency, sovereign debt and banking crises. Things have changed significantly since 2002. Indeed since the turn of the century, the region enhanced its growth performance, reduced inequality, improved its macroeconomic stability and avoided major financial crises. Read the article by Giovanni Andrea Cornia on whether this fall in inequality is due to greater financial stability. What other drivers did the project on new policy models in the region find to be behind diminishing inequality levels in Latin America?
In 2014 an article, 'Falling Inequality in Latin America: Policy Changes and Lessons' on the overall findings of the project was published in The World Financial Review.
Research uptake report
The Income Distribution in Latin America (IDLA) dataset. Please click on the database icon documents which include a brief description, listing of variables and definitions.