Book description
In terms accessible to non-economists, Marcos José Mendes describes the ways democracy and inequality produce low growth in the short and medium terms. In the longer term, he argues that Brazil has two paths in front of it. One is to create the conditions necessary to boost economic performance and drive the country toward a high level of development. The other is to fail in untying the political knot that blocks growth, leaving it a middle-income country. The source of his contrasting futures for Brazil is inequality, which he demonstrates is a relevant variable in any discussion of economic growth. Inequality illuminates causes of seemingly-unconnected problems. This book, which includes freely-accessible documents and datasets, is the first in-depth analysis of an issue that promises to become increasingly prominent.
- Contrasting visions of Brazil’s future described in economic terms
- Easy-to-understand graphs and tables illustrate analytical arguments
- All Excel-based data available on a freely-accessible website
Table of contents
- Cover image
- Title page
- Table of Contents
- Copyright
- Foreword
- Disclaimers
- About the Author
- Acknowledgments
- Dedication
- Introduction
- Chapter 1: Low Economic Growth and its Proximate Causes
-
Chapter 2: Inequality
- Abstract
- 2.1 Introduction
- 2.2 The composition of inequality
- 2.3 The fall of inequality since the mid-1990s
- 2.4 Will inequality continue to fall?
- 2.5 Are social policies effective in reducing inequality?
- 2.6 Did inequality only begin to fall more intensely as of 2001?
- 2.7 Social stratification after two decades of poverty and inequality reduction
- 2.8 Conclusions
- Chapter 3: Redistribution to the Rich
- Chapter 4: Redistribution to the Poor
-
Chapter 5: The Middle Class Joins the Game
- Abstract
- 5.1 Introduction
- 5.2 What does economic theory have to say?
- 5.3 Rent seeking in legal disputes
- 5.4 The elderly as a politically preferred public
- 5.5 Public education that does not serve the poor
- 5.6 The political power of civil servants
- 5.7 Labor unions and resistance to labor legislation reform
- 5.8 Income-tax exemptions
- 5.9 18 Great farm debt renegotiations in 19 years
- 5.10 The widespread distributive conflict
- 5.11 Conclusions
- Chapter 6: Redistribution and Long-Term Growth
- Glossary
- Index
Product information
- Title: Inequality, Democracy, and Growth in Brazil
- Author(s):
- Release date: November 2014
- Publisher(s): Academic Press
- ISBN: 9780128019658
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