Download or read book Asset Accumulation by the Middle Class and the Poor in Latin America written by Andrés Solimano and published by UN. This book was released on 2006 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper highlights missing components of current social policies in Latin America that affect the political-economy equilibrium: in particular, the neglect of the middle class as valid subject of social policy, the persistence of income and wealth inequality in a context of moderate growth and the need to put more emphasis on asset accumulation by the poor and the middle class. The paper provides economic and political economy rationales for devising new policies that could correct this neglect. Publishing Agency: United Nations (UN).
Download or read book Economic Mobility and the Rise of the Latin American Middle Class written by Francisco H. G. Ferreira and published by World Bank Publications. This book was released on 2012-11-09 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: After decades of stagnation, the size of the middle class in Latin America and the Caribbean recently grew by 50percent-from approximately 100 million people in 2003 to 150 million (or 30 percent of the continentÆs population) in 2009. Over the same period, the proportion of people in poverty fell from 44 percent to around 30 percent. Economic Mobility and the Rise of the Latin American Middle Class investigates the nature, determinants, and possible consequences of this remarkable process of social transformation. The authors propose an original definition of the middle class, tailor-made for Latin America and centered oh the concept of economic security. By this definition, the largest social group in the region at present is neither poor nor middle-class: they are a vulnerable group sandwiched between the poverty line and the minimum requirements for a more secure, middle class lifestyle.
Download or read book Reducing Global Poverty written by Caroline O.N. Moser and published by Rowman & Littlefield. This book was released on 2008-06-01 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: A daunting challenge to the international community is how to go about lifting the world's huge poor population out of poverty. "Asset-based" approaches to development are aimed specifically at designing and implementing public policies that will increase the capital assets of the poor—i.e., the physical, financial, human, social, and natural resources that can be acquired, developed, improved, and transferred across generations. In this pathbreaking book, Caroline Moser and a group of experts with on-the-ground experience provide a set of case studies of asset-building projects around the globe. The authors use a cutting-edge research framework that moves beyond quick snapshot solutions to the problem of poverty. They highlight the ways in which poor households and communities can move out of poverty through longer-term accumulation of capital assets. Contributors include Michael Carter (University of Wisconsin), Monique Cohen (Microfinance Opportunities), Sarah Cook (Institute of Development Studies, Sussex), Hector Cordero-Guzman (Baruch College, CUNY), Lilianne Fan (Oxfam, UK), Pablo Farias (Ford Foundation, New York), Clare Ferguson (formerly DFID), Andy Felton (FDIC), Sarah Gammage (Rutgers University), Anirudh Krishna (Duke University), Amy Liu (Brookings Institution), Vijay Mahajan (BASIX, India), Paula Nimpuno-Parente (Ford Foundation, South Africa), Manuel Orozco (Inter-American Dialogue),Victoria Quiroz-Becerra (Baruch College, CUNY), Dennis Rodgers (London School of Economics), and Andres Solimano (CEPAL, Santiago, Chile).
Download or read book Falling Inequality in Latin America written by Giovanni Andrea Cornia and published by Oxford University Press, USA. This book was released on 2014 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume documents and explains the reduction of income inequality that has taken place in the majority of Latin American countries over the last decade.
Download or read book Inclusion in the American Dream written by Michael Sherraden and published by Oxford University Press. This book was released on 2005-07-21 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inclusion in the American Dream brings together leading scholars and policy experts on the topic of asset building, particularly as this relates to public policy. The typical American household accumulates most of its assets in home equity and retirement accounts, both of which are subsidized through the tax system. But the poor, for the most part, do not participate in these asset accumulation policies. The challenge is to expand the asset-based policy structure so that everyone is included.
Download or read book Left Behind written by Renos Vakis and published by World Bank Publications. This book was released on 2016-07-26 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: One out of every five Latin Americans or around 130 million people have never known anything but poverty, subsisting on less than US$4-a-day throughout their lives. These are the region ́s chronically poor, who have remained so despite unprecedented inroads against poverty in Latin America and the Caribbean since the turn of the century. Left Behind: Chronic Poverty in Latin America and the Caribbean takes a closer look at the region’s entrenched poor, who and where they are, and how existing policies need to change in order to effectively assist them. The book shows significant variations of rates of chronic poverty both across and within countries. Within a single country, some regions show incidence rates up to eight times higher than the lowest. Despite the higher rates of chronic poverty in rural areas, chronic poverty is as much an urban as a rural issue. In fact, considering absolute numbers, urban areas in many countries, including Chile, Brazil, Mexico, Colombia and the Dominican Republic, have more chronic poor than rural areas. Undoubtedly the region has come a long way during the decade in terms of poverty reduction, guided by a mix of sustained growth and increased levels in amounts and quality of public spending and programs targeted directly or indirectly to the chronic poor. While improving endowments and the context where the chronic poor live is a necessary condition going forward, the decade’s experience suggests that it may not be enough to reach the chronic poor. The book posits that refinements to the existing policy toolkit †“ as opposed to more programs †“ may come a long way in helping the remaining poor. These refinements include intensifying efforts to improve coordination between different social and economic programs, which can boost the income generation process and deal with the intergenerational transmission of chronic poverty by investing in early childhood development. Equally important though, there is an urgent need to adapt programs to directly address the psychological toll of chronic poverty on people’s mindset and aspirations, which currently undermines the effectiveness of the existing policy efforts.
Download or read book Assets for the Poor written by Thomas M. Shapiro and published by Russell Sage Foundation. This book was released on 2001-05-17 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past three decades, average household wealth in the United States has declined among all but the richest families, with a near 80 percent drop among the nation's poorest families. Although the national debate about inequality has focused on income, it is wealth—the private assets amassed and passed on within families—that provides the extra economic cushion needed to move beyond mere day-to-day survival. Assets for the Poor is the first full-scale investigation into the importance of family wealth and the need for policies to encourage asset-building among the poor. Assets for the Poor shows how institutional mechanisms designed to encourage acquisition of capital and property favor middle-class and high-income families. For example, the aggregate value of home mortgage tax deductions far outweighs the dollar amount of the subsidies provided by Section 8 rental vouchers and public housing. Banking definitions of creditworthiness largely exclude minorities, and welfare rules have made it nearly impossible for single mothers to accumulate savings, let alone stocks or real estate. Due to persistent residential segregation, even those minority families who do own homes are often denied equal access to better schools and public services. The research in this volume shows that the poor do make use of the assets they have. Cash gifts—although small in size—are frequent within families and often lead to such positive results as homebuying and debt reduction, while tangible assets such as tools and cars help increase employment prospects. Assets for the Poor examines policies such as Individual Development Account tax subsidies to reward financial savings among the poor, and more liberal credit rules to make borrowing easier and less costly. The contributors also offer thoughtful advice for bringing the poor into mainstream savings institutions and warn against developing asset building policies at the expense of existing safety net programs. Asset-building for low-income families is a powerful idea that offers hope to families searching for a way out of poverty. Assets for the Poor challenges current thinking regarding poverty reduction policies and proposes a major shift in the way we think about families and how they make a better life. A Volume in the Ford Foundation Series on Asset Building
Download or read book Housing and Belonging in Latin America written by Christien Klaufus and published by Berghahn Books. This book was released on 2015-05-01 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: The intricacies of living in contemporary Latin American cities include cases of both empowerment and restriction. In Lima, residents built their own homes and formed community organizations, while in Rio de Janeiro inhabitants of the favelas needed to be “pacified” in anticipation of international sporting events. Aspirations to “get ahead in life” abound in the region, but so do multiple limitations to realizing the dream of upward mobility. This volume captures the paradoxical histories and experiences of urban life in Latin America, offering new empirical and theoretical insights to scholars.
Download or read book The Economics of Crime written by Rafael Di Tella and published by University of Chicago Press. This book was released on 2010-08-02 with total page 486 pages. Available in PDF, EPUB and Kindle. Book excerpt: Crime rates in Latin America are among the highest in the world, creating climates of fear and lawlessness in several countries. Despite this situation, there has been a lack of systematic effort to study crime in the region or the effectiveness of policies designed to tackle it. The Economics of Crime is a powerful corrective to this academic blind spot and makes an important contribution to the current debate on causes and solutions by applying lessons learned from recent developments in the economics of crime. The Economics of Crime addresses a variety of topics, including the impact of kidnappings on investment, mandatory arrest laws, education in prisons, and the relationship between poverty and crime. Utilizining research from within and without Latin America, this book illustrates the broad range of approaches that have been efficacious in studying crime in both developing and developed nations. The Economics of Crime is a vital text for researchers, policymakers, and students of both crime and of Latin American economic policy.
Download or read book Indigenous People and Poverty in Latin America written by George Psacharopoulos and published by Ashgate Publishing. This book was released on 1996 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Indigenous people constitute a large portion of Latin America's population and suffer from severe and widespread poverty. They are more likely than any other groups of a country's population to be poor. This study documents their socioeconomic situation and shows how it can be improved through changes in policy-influenced variables such as education. The authors review the literature of indigenous people around the world and provide a statistical overview of those in Latin America. Case studies profile the indigenous populations in Bolivia, Guatemala, Mexico and Peru, examining their distribution, education, income, labour force participation and differences in gender roles. A final chapter presents recommendations for conducting future research.
Download or read book The Hidden Cost of Being African American written by Thomas M. Shapiro and published by . This book was released on 2004 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past three decades, racial prejudice in America has declined significantly and many African American families have seen a steady rise in employment and annual income. But alongside these encouraging signs, Thomas Shapiro argues in The Hidden Cost of Being African American, fundamental levels of racial inequality persist, particularly in the area of asset accumulation--inheritance, savings accounts, stocks, bonds, home equity, and other investments-. Shapiro reveals how the lack of these family assets along with continuing racial discrimination in crucial areas like homeownership dramatically impact the everyday lives of many black families, reversing gains earned in schools and on jobs, and perpetuating the cycle of poverty in which far too many find themselves trapped. Shapiro uses a combination of in-depth interviews with almost 200 families from Los Angeles, Boston, and St. Louis, and national survey data with 10,000 families to show how racial inequality is transmitted across generations. We see how those families with private wealth are able to move up from generation to generation, relocating to safer communities with better schools and passing along the accompanying advantages to their children. At the same time those without significant wealth remain trapped in communities that don't allow them to move up, no matter how hard they work. Shapiro challenges white middle class families to consider how the privileges that wealth brings not only improve their own chances but also hold back people who don't have them. This "wealthfare" is a legacy of inequality that, if unchanged, will project social injustice far into the future. Showing that over half of black families fall below the asset poverty line at the beginning of the new century, The Hidden Cost of Being African American will challenge all Americans to reconsider what must be done to end racial inequality.
Download or read book Latin American Economic Outlook 2021 Working Together for a Better Recovery written by OECD and published by OECD Publishing. This book was released on 2021-12-02 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Latin American Economic Outlook 2021: Working Together for a Better Recovery aims to analyse and provide policy recommendations for a strong, inclusive and environmentally sustainable recovery in the region. The report explores policy actions to improve social protection mechanisms and increase social inclusion, foster regional integration and strengthen industrial strategies, and rethink the social contract to restore trust and empower citizens at all stages of the policy‐making process.
Download or read book Stuck in the Middle written by Antonio Estache and published by Rowman & Littlefield. This book was released on 2009-10-01 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stuck in the Middle examines both economic and social public policy initiatives in its assertion that enhancing the welfare of people in developed and developing nations requires an explicit focus on the middle class. Contents Foreword 1. Overview: Fiscal Policy, Distribution, and the Middle Class 2. Stylized Facts on the Middle Class and the Development Process 3. The Future of Global Income Inequality 4. The Scope and Limits of Subsidies 5. Policies for Lower Global Wealth Inequality 6. Can Happiness Research Help Fiscal Policy? 7. The Politics of Effective and Sustainable Redistribution
Download or read book Economic Mobility and the Rise of the Latin American Middle Class written by Francisco H. G. Ferreira and published by World Bank Publications. This book was released on 2012-11-09 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: After decades of stagnation, the size of Latin America's middle class recently expanded to the point where, for the first time ever, the number of people in poverty is equal to the size of the middle class. This volume investigates the nature, determinants and possible consequences of this remarkable process of social transformation. We propose an original definition of the middle class, tailor-made for Latin America, centered on the concept of economic security and thus a low probability of falling into poverty. Given our definition of the middle class, there are four, not three, classes in Latin America. Sandwiched between the poor and the middle class there lies a large group of people who appear to make ends meet well enough, but do not enjoy the economic security that would be required for membership of the middle class. We call this group the 'vulnerable'. In an almost mechanical sense, these transformations in Latin America reflect both economic growth and declining inequality in over the period. We adopt a measure of mobility that decomposes the 'gainers' and 'losers' in society by social class of each household. The continent has experienced a large amount of churning over the last 15 years, at least 43% of all Latin Americans changed social classes between the mid 1990s and the end of the 2000s. Despite the upward mobility trend, intergenerational mobility, a better proxy for inequality of opportunity, remains stagnant. Educational achievement and attainment remain to be strongly dependent upon parental education levels. Despite the recent growth in pro-poor programs, the middle class has benefited disproportionally from social security transfers and are increasingly opting out from government services. Central to the region's prospects of continued progress will be its ability to harness the new middle class into a new, more inclusive social contract, where the better-off pay their fair share of taxes, and demand improved public services.
Download or read book Rethinking Urban Risk and Resettlement in the Global South written by Cassidy Johnson and published by UCL Press. This book was released on 2021-06-10 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: Environmental changes have significant impacts on people’s lives and livelihoods, particularly the urban poor and those living in informal settlements. In an effort to reduce urban residents’ exposure to climate change and hazards such as natural disasters, resettlement programmes are becoming widespread across the Global South. While resettlement may reduce a region’s future climate-related disaster risk, it often increases poverty and vulnerability, and can be used as a reason to evict people from areas undergoing redevelopment. A collaboration between the Bartlett Development Planning Unit at UCL, the Indian Institute for Human Settlements and the Latin American Social Science Faculty, Rethinking Urban Risk and Resettlement in the Global South collates the findings from 'Reducing Relocation Risks', a research project that studied urban areas across India, Uganda, Peru, Colombia and Mexico. The findings are augmented with chapters by researchers with many years of insight into resettlement, property rights and evictions, who offer cases from Monserrat, Cambodia, Philippines and elsewhere. The contributors collectively argue that the processes for making and implementing decisions play a large part in determining whether outcomes are socially just, and examine various value systems and strategies adopted by individuals versus authorities. Considering perceptions of risk, the volume offers a unique way to think about economic assessments in the context of resettlement and draws parallels between different country contexts to compare fully urbanised areas with those experiencing urban growth. It also provides an opportunity to re-think how disaster risk management can better address the accumulation of urban risks through urban planning.
Download or read book Causes and Consequences of Income Inequality written by Ms.Era Dabla-Norris and published by International Monetary Fund. This book was released on 2015-06-15 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the extent of income inequality from a global perspective, its drivers, and what to do about it. The drivers of inequality vary widely amongst countries, with some common drivers being the skill premium associated with technical change and globalization, weakening protection for labor, and lack of financial inclusion in developing countries. We find that increasing the income share of the poor and the middle class actually increases growth while a rising income share of the top 20 percent results in lower growth—that is, when the rich get richer, benefits do not trickle down. This suggests that policies need to be country specific but should focus on raising the income share of the poor, and ensuring there is no hollowing out of the middle class. To tackle inequality, financial inclusion is imperative in emerging and developing countries while in advanced economies, policies should focus on raising human capital and skills and making tax systems more progressive.
Download or read book Towards New Developmentalism written by Shahrukh Rafi Khan and published by Routledge. This book was released on 2010-10-04 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although neo-liberalism has been critiqued from various perspectives, these critiques have not coalesced into a concrete alternative in development economics literature. The main objective of this book is to name and formulate this alternative, identify what is new about this viewpoint, and project it on to the academic landscape.
