By: Michael Walton (Editor), Santiago Levy (Editor)

Paperback

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Equity and growth are central concerns for development. They are often treated as separate questions, both in economic and social analysis and development policy. This separation is neither good theory nor good practice. This book examines the relationship between equity and growth in Mexico. The central thesis is that Mexico's poor growth performance of the last twenty five years is intimately linked to inequity. Specific inequalities in power, wealth, and status have created and sustained economic institutions and polices that both tend to perpetuate these inequalities and are sources of inefficiencies and lack of dynamism in the economy. No Growth without Equity? analyzes this thesis at two levels: first, exploring the links between inequality, interests, and economic growth; second, providing specific examples as to how rent-seeking behavior in key sectors of Mexico's economy produce inefficiencies that are a source of low growth and income concentration. Mexico's growth problem is unlikely to be solved if these underlying inequalities are not tackled; this has large implications for policy design.

PART I:CONCEPTS AND INTERNATIONAL EXPERIENCE Equity and Development: Political Economy Considerations; F. Bourguignon and S. Dessus Saving Growth from Unequal Influence; R. Rajan The Political Economy of Equality and Growth in Mexico: Lessons from the History of the United States; J. Robinson PART II: THE INTERACTIONS BETWEEN EQUITY, INSTITUTIONS AND GROWTH IN MEXICO The Inequality Trap and its Links to Low Growth in Mexico; I. Guerrero, L. Felipe Lopez Calva and M. Walton Perverse equilibria: unsuitable but durable institutions; C. Elizondo PART III: EQUITY AND CORE INSTIUTIONS IN MEXICO: SOCIAL SECURITY, THE LABOR MARKET AND BANKING Social Security Reform in Mexico: For Whom?; S. Levy Mexican Labor Markets: Power, Protection and Productivity; W. Maloney Why Banks Don't Lend: The Mexican Financial System; S. Haber PART IV: HOW UNEQUAL STRUCTURES HURT COMPETITION IN MAJOR SECTORS Competition and Equity in Telecommunications; R. del Villar Priorities for Telecommunications Reform in Mexico; R. Noll The Governance of Mexico's Petroleum Industry; A.Lajous

ISBN: 9780821377673
ISBN-10: 0821377671
Series: Equity and Development
Audience: Tertiary; University or College
Format: Paperback
Language: English
Number Of Pages: 476
Published: February 2009
Dimensions (cm): 23.393 x 15.596  x 2.438
Weight (kg): 0.662