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TWFR Article: Falling Inequality in Latin America - Policy Changes and lessons
The World Financial Review featured the article Inequality Trends and Their Determinants: Latin America over the Period 1990–2010 based on the UNU-WIDER research project The New Policy Model, Inequality and Poverty in Latin America: Evidence from the Last Decade and Prospects for the Future, and the recently published UNU-WIDER book edited by Giovanni Andrea Cornia.
For at least the last quarter of the twentieth century, Latin America has suffered from low growth, rising inequality, and frequent financial crises. However, in recent years Latin American countries with different political orientations and economic structures have enjoyed sizeable drops in income inequality. Giovanni Andrea Cornia argues that if left unaddressed, the structural biases of the Latin American economy may block future declines in inequality by retarding the shift to a sustainable and equitable growth path.