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CEPAL Review

Cepal Review is the leading journal for the study of economic and social development issues in Latin America and the Caribbean. Edited by the Economic Commission for Latin America, each issue focuses on economic trends, industrialization, income distribution, technological development and monetary systems, as well as the implementation of economic reform and transfer of technology. Written in English and Spanish (Revista de la Cepal), each tri-annual issue offers approximately 12 studies and essays undertaken by authoritative experts or gathered from conference proceedings.

English Spanish

Growth and income distribution in countries at intermediate stages of development

This article analyses the relationship between growth and income distribution. The existence of a conflict between these two variables depends on a country’s level of development. Such conflicts arise during intermediate stages of development, when growth is led by savings, and tend to disappear when growth becomes a knowledge-led phenomenon. Part of the reason for this is that saving is much more concentrated than education and technology are. The author contends that the conflict is not insuperable, however; in practical terms, it can be corrected by means of fiscal and educational policy measures.

English Spanish

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