Asset Inequality Does Matter: Lessons from Latin America

28 Pages Posted: 20 Apr 2011

See all articles by Nancy Birdsall

Nancy Birdsall

Center for Global Development

Juan Luis Londoño

affiliation not provided to SSRN

Date Written: March 1997

Abstract

In light of recent results, the fight against poverty in Latin America has been far from satisfactory. The standard approach of multicultural credit agencies will continue to be limited if it does not stress the central role of the distribution as well as the accumulation of productive assets, especially human capital. After removing fiscal and trade distortions with structural reforms, insufficient levels of human and physical capital accumulation and highly skewed asset distribution are critical growth constraints for Latin America. Policies aimed at reducing inequalities in assets accumulation should be at the center of a new approach for poverty eradication and increased growth in Latin America at the start of the new century.

Suggested Citation

Birdsall, Nancy and Londoño, Juan Luis, Asset Inequality Does Matter: Lessons from Latin America (March 1997). IDB Working Paper No. 284, Available at SSRN: https://ssrn.com/abstract=1815972 or http://dx.doi.org/10.2139/ssrn.1815972

Nancy Birdsall (Contact Author)

Center for Global Development ( email )

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Juan Luis Londoño

affiliation not provided to SSRN

No Address Available

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