1945

Income distribution

The economies of most Latin American countries during the 1990s have been characterized by an unequal distribution of the costs of adjustment and by a notable rigidity of income distribution during expansionary phases. If the distributive inequity of current development models continues, any progress towards social stability which may result from economic growth will depend chiefly on the reduction of poverty and indigence, and it is uncertain how far lower-middle-income groups will go in pressing their income demands.

Related Subject(s): Economic and Social Development
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