Inequality, Growth, and Poverty in an Era of Liberalization and Globalization by

Description: Inequality, Growth, and Poverty in an Era of Liberalization and Globalization by Giovanni Andrea Cornia Based on a review of relevant literature and an econometric analysis of inequality indexes, this volume provides a systematic analysis of the changes in within-country income inequality. It offers an empirical assessment of the relation between policies towards liberalization and globalization and income inequality. FORMAT Paperback LANGUAGE English CONDITION Brand New Publisher Description Within-country income inequality has risen since the early 1980s in most of the OECD, all transitional, and many developing countries. More recently, inequality has risen also in India and nations affected by the Asian crisis. Altogether, over the last twenty years, inequality worsened in 70 per cent of the 73 countries analysed in this volume, with the Gini index rising by over five points in half of them. In several cases, the Gini index follows a U-shapedpattern, with the turn-around point located between the late 1970s and early 1990s. Where the shift towards liberalization and globalization was concluded, the right arm of the U stabilized at the steadystate level of inequality typical of the new policy regime, as observed in the UK after 1990. Mainstream theory focusing on rises in wage differentials by skill caused by either North-South trade, migration, or technological change poorly explains the recent rise in income inequality. Likewise, while the traditional causes of income polarization-high land concentration, unequal access to education, the urban bias, the curse of natural resources-still account for much ofcross-country variation in income inequality, they cannot explain its recent rise. This volume suggests that the recent rise in income inequality was caused to a considerableextent by a policy-driven worsening in factorial income distribution, wage spread and spatial inequality. In this regard, the volume discusses the distributive impact of reforms in trade and financial liberalization, taxation, public expenditure, safety nets, and labour markets. The volume thus represents one of the first attempts to analyse systematically the relation between policy changes inspired by liberalization and globalization and income inequality. It suggests that capital accountliberalization appears to have had-on average-the strongest disequalizing effect, followed by domestic financial liberalization, labour market deregulation, and tax reform. Trade liberalization hadunclear effects, while public expenditure reform often had positive effects. Author Biography Giovanni Andrea Cornia is currently professor of economics at the University of Florence. Before this, he was the Director of the World Institute for Development Economics Research (UNU/WIDER) in Helsinki (1995-2000), and Director of the Economic and Social Policy Research Programme at the International Child Development Centre (the world-wide research centre of UNICEF) in Florence (1989-95). He was also the Chief Economist at UNICEF Headquarters in New York(1981-89) and held research positions at UNCTAD, UNECE (with a long spell at ECLAC in Santiago) and the Economic Studies Centre of FIAT. Table of Contents PART I: INCOME DISTRIBUTION TRENDS,THEORIES AND POLICIES1: Giovanni Andrea Cornia: Inequality, Growth and Poverty: An Overview of Changes over the Last Two Decades2: Giovanni Andrea Cornia, Tony Addison and Sampsa Kiiski: Income Distribution Changes and Their Impact in the Post-World War II periodPART II: TRADITIONAL CAUSES OF INEQUALITY: STILL RELEVANT FOR EXPLAINING ITS RISE IN THE 1980s-90s?3: Michael Carter: Land Ownership Inequality and the Income Distribution Consequences of Economic Growth4: Daniele Checchi: Does Educational Achievement Help Explain Income Inequality?5: Michael Lipton and Rob Eastwood: Rural and Urban Income and Poverty: Does Convergence Between Sectors Offset Divergence within Them?PART III. RECENT FACTORS INFLUENCING THE DISTRIBUTION OF INCOME6: Ajit Singh and Rahul Dhumale: Globalization, Technology and Income Inequality: A Critical Analysis7: Lance Taylor: External Liberalization, Economic Performance and Distribution in Latin America and Elsewhere8: Rolph van der Hoeven and Catherine Saget: Labour Market Institutions and Income Inequality: What are the New Insights after the Washington Consensus?9: Anthony B. Atkinson: Increased Income Inequality in OECD Countries and the Redistributive Impact of the Government Budget10: Ke-young Chu, Amid Davoodi and Sanjeev Gupta: Income Distribution and Tax and Government Social Spending Policies in Developing Countries11: Giovanni Andrea Cornia and Sanjay Reddy: The Impact of Adjustment-Related Social Funds on Income Distribution and PovertyPART IV. COUNTRY CASE STUDIES12: Raghbendra Jha: Reducing Poverty and Inequality in India: Has Liberalization Helped?13: Francisco Rodriguez: Factor Shares and Resource Booms: Accounting for the Evolution of Venezuelan Inequality14: Erinc Yeldan: The Impact of Financial Liberalization and the Rise of Financial Rents on Income Inequality: The Case of Turkey15: Carolyn Jenkins and Lynne Thomas: The Changing Nature of Inequality in South Africa16: Isra Sarntisart: Growth, Structural Change and Inequality: The Experience of ThailandIndex Review `..essential reading for anyone concerned with poverty reduction and the impact of current policy reformsFrances Stewart, Director, Queen Elizabeth House, University of Oxford`...a valuable contribution to the important but still very limited body of serious analysis on the enormously important question of how liberalization and globalization affect people though their growth, distribution and poverty impacts. The volume addresses most of the key issues and, through the material it adds to the ongoing debates, will help to shift the balance of considered opinion away from the overoptimistic predictions of some of thecheer-leaders for liberalization and globalization to a more plausible middle ground. Such a shift is essential if these phenomena are to be appropriately controlled and harnessed for human betterment.Albert Berry, Professor, Department of Economics, University of Toronto`"This book is a well-researched, energetic and analytically adept multi-authored volume..."Development and Change`"Together they make a valuable collection of papers on linkages between inequality and/or trade with growth and/or povertyresearchers will find much of value in the volumes, and research students will find the reviews, methods and case studies informative and useful."Journal of International Development Promotional Is the recent rise in income inequality caused by a policy-driven worsening in factorial income distribution, wage spread and spatial inequality? Long Description Within-country income inequality has risen since the early 1980s in most of the OECD, all transitional, and many developing countries. More recently, inequality has risen also in India and nations affected by the Asian crisis. Altogether, over the last twenty years, inequality worsened in 70 per cent of the 73 countries analysed in this volume, with the Gini index rising by over five points in half of them. In several cases, the Gini index follows a U-shapedpattern, with the turn-around point located between the late 1970s and early 1990s. Where the shift towards liberalization and globalization was concluded, the right arm of the U stabilized at the steady state level of inequality typical of the new policy regime, as observed in the UK after 1990.Mainstream theory focusing on rises in wage differentials by skill caused by either North-South trade, migration, or technological change poorly explains the recent rise in income inequality. Likewise, while the traditional causes of income polarization-high land concentration, unequal access to education, the urban bias, the curse of natural resources-still account for much of cross-country variation in income inequality, they cannot explain its recent rise.This volume suggests that the recent rise in income inequality was caused to a considerable extent by a policy-driven worsening in factorial income distribution, wage spread and spatial inequality. In this regard, the volume discusses the distributive impact of reforms in trade andfinancial liberalization, taxation, public expenditure, safety nets, and labour markets. The volume thus represents one of the first attempts to analyse systematically the relation between policy changes inspired by liberalization and globalization and income inequality. It suggests that capital account liberalization appears to have had-on average-the strongest disequalizing effect, followed by domestic financial liberalization, labour market deregulation, and tax reform. Trade liberalizationhad unclear effects, while public expenditure reform often had positive effects. Review Text `..essential reading for anyone concerned with poverty reduction and the impact of current policy reformsFrances Stewart, Director, Queen Elizabeth House, University of Oxford`...a valuable contribution to the important but still very limited body of serious analysis on the enormously important question of how liberalization and globalization affect people though their growth, distribution and poverty impacts. The volume addresses most of the key issues and, through the material it adds to the ongoing debates, will help to shift the balance of considered opinion away from the overoptimistic predictions of some of thecheer-leaders for liberalization and globalization to a more plausible middle ground. Such a shift is essential if these phenomena are to be appropriately controlled and harnessed for human betterment.Albert Berry, Professor, Department of Economics, University of Toronto`"This book is a well-researched, energetic and analytically adept multi-authored volume..."Development and Change`"Together they make a valuable collection of papers on linkages between inequality and/or trade with growth and/or povertyresearchers will find much of value in the volumes, and research students will find the reviews, methods and case studies informative and useful."Journal of International Development Review Quote Together they make a valuable collection of papers on linkages between inequality and/or trade with growth and/or povertyresearchers will find much of value in the volumes, and research students will find the reviews, methods and case studies informative and useful.Journal of International Development Feature An extensive review of the literature on inequality changes by country combined with quantitative analysis of trends in inequality indexes based on the World Income Inequality Database (WIID at UNU/WIDER).Shows that inequality has increased in 70 per cent of the 73 countries studied.Exhaustive measures of the impact on inequality of various sets of factors, including the Washington Consensus policies.Assesses the likely impacts of rising inequality on poverty and economic growth. Details ISBN0199284105 Short Title INEQUALITY GROWTH & POVERTY IN Language English ISBN-10 0199284105 ISBN-13 9780199284108 Media Book Format Paperback DEWEY 339.22 Year 2005 Imprint Oxford University Press Place of Publication Oxford Country of Publication United Kingdom Edited by Giovanni Andrea Cornia Affiliation University of Florence DOI 10.1604/9780199284108 Author Giovanni Andrea Cornia UK Release Date 2005-06-16 AU Release Date 2005-06-16 NZ Release Date 2005-06-16 Pages 464 Publisher Oxford University Press Series WIDER Studies in Development Economics Publication Date 2005-06-16 Alternative 9780199271412 Illustrations numerous figures and tables Audience Professional & Vocational We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:97823950;

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