Neoliberalismo e distribuição de renda na América Latina
By: BAER, Werner
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Contributor(s): MALONEY, William.
Material type: 
ArticlePublisher: São Paulo : Editora 34, jul./set. 1997Revista de Economia Política = Brazilian Journal of Political Economy 17, 3, p. 39-62Abstract: This paper reviews the principal neo-liberal policy measures instituted in Latin America in the last decade and their impact on equity. It first emphasizes the difficulty of separating the impact of liberalization measures from the necessary fiscal adjust-ments of the 1980s, and their transitional vs long run effects, and then places the ob-served movements in distribution in global and historical context. The second part places several innovations of neo-liberal regimes in historical perspective and argues that their overall impact is unlikely to be regressive, and that previous regimes were probably not especially progressive. Over the long run, developments in factor markets are likely to be of overriding importance the demand side, driven by reoriented industrial growth and the increasing importance of the service sector, interacting with the relative supplies of skilled and unskilled labor are likely to be of overriding importance in determin-ing the evolution of the distribution of income
This paper reviews the principal neo-liberal policy measures instituted in Latin America in the last decade and their impact on equity. It first emphasizes the difficulty of separating the impact of liberalization measures from the necessary fiscal adjust-ments of the 1980s, and their transitional vs long run effects, and then places the ob-served movements in distribution in global and historical context. The second part places several innovations of neo-liberal regimes in historical perspective and argues that their overall impact is unlikely to be regressive, and that previous regimes were probably not especially progressive. Over the long run, developments in factor markets are likely to be of overriding importance the demand side, driven by reoriented industrial growth and the increasing importance of the service sector, interacting with the relative supplies of skilled and unskilled labor are likely to be of overriding importance in determin-ing the evolution of the distribution of income
Revista de Economia Política 1997
v. 17, n. 3(67)
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