November 2014
Intermediate to advanced
280 pages
9h 32m
English
Content preview from Inequality, Democracy, and Growth in BrazilBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Foreword
Marcos Mendes has done an exhaustive work. He proposes a hypothesis regarding the functioning of the Brazilian social contract and its dysfunctions that, as we know, have resulted in a political balance of low growth and some reduction in inequality. To support his arguments, Mendes has made exhaustive use of recent literature on economic growth and political economy and has compiled an impressive collection of data and empirical evidence.
The basic argument is that inequality creates a great deal of pressure for redistribution. In very unequal societies, the average income is much above that of the typical voter. It is natural that the voter will usually vote to increase the tax burden and transfers.
This natural result of the democratic ...
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