Costs of Inequality in Latin America: Lessons and Warnings for the Rest of the World

Growing inequality has led to social discontent and the emergence of populist parties, contributing to economic crises. The Costs of Inequality draws on the experience of Latin America to demonstrate how inequality has hampered economic growth, contributed to a lack of good jobs, weakened democracy, and led to social divisions and mistrust. It provides useful lessons on how to fight income concentration and build more equitable societies.

Format: Hardback
Length: 216 pages
Publication date: 10 December 2020
Publisher: Bloomsbury Publishing PLC

Growing inequality has sparked social discontent and the rise of populist parties, contributing to economic crises across the globe. We urgently need a deeper understanding of the roots and consequences of these income disparities.

The Costs of Inequality, drawing from Latin America's experience, highlights how inequality has hindered economic growth, created a shortage of quality jobs, weakened democracy, and fostered social divisions and mistrust. In turn, low growth, exclusionary politics, violence, and social unrest have reinforced inequality, perpetuating a cycle of vicious circles.

Latin America presents a concerning glimpse of what the future may hold for other countries if action is not taken swiftly. It also offers valuable insights on combating income concentration and fostering more equitable societies.

Weight: 404g
Dimension: 224 x 146 x 20 (mm)
ISBN-13: 9781838606244