No Growth without Equity? Inequality, Interests, and Competition in Mexico
In this introduction, the authors do three things. They first introduce the puzzle and relate it to existing interpretations from market reformists and their critics, arguing that both sets of views are inadequate. The authors then offer an alternative interpretation: that entrenched inequities sust...
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| Format: | Publication |
| Language: | en_US |
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Washington, DC: World Bank and Palgrave Macmillan
2013
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| Online Access: | http://hdl.handle.net/10986/13263 |
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okr-10986-13263 |
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oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
en_US |
| topic |
Accounting amortization asset values Average Earnings balanced budget Bank Credit banking laws banking sector beneficiaries Beneficiary Bond Market Bond Market Capitalization Bonds Capital Formation capital markets central bank central bank independence checks collateral collective action Commercial Bank Commercial Bank Credit Commercial Loans commitment device competitive framework Competitiveness constant prices Consumer Consumer Price Index Consumers contribution contribution system credibility credibility problems current account current account deficits decentralization Deposit Deposit Money Banks depreciation Development Bank Development Economics domestic debt Durable Economic development economic inequality economic liberalization Economic Policies economic recession efficient investment enforcement powers Equilibrium Exchange Commission exchange rates Expenditure Expenditures expropriation external debt external shocks federal budget finances financial intermediation Financial Performance financial products financial sector financial services Financial System fiscal constraints fiscal deficits fiscal subsidies Fixed Capital foreign bank foreign currency foreign direct investment foreign investors Free Trade GDP GDP Per Capita general public global markets globalization government guarantees government interventions government policies government regulation government subsidies gross domestic product Gross Fixed Capital Formation Gross National Product health insurance Household Expenditure Household Income human capital income inequalities Income Inequality income taxes Incomes Increase in Incomes independent judiciaries individual account individual accounts inflation information asymmetries infrastructure development infrastructure investments instrument insurance insurance markets interest rate International Bank International Development international markets international standards investment choices investment opportunities issuance judicial institutions justice system Labor Force Labor Market Labor Markets lack of experience lack of transparency land titling large business large firms Levy LLC long-term interest low cost low-income lower incomes macroeconomic crisis macroeconomic management macroeconomic mismanagement Macroeconomic Policies Macroeconomic stability market distortions market failures market reform Market Share Market Value Mathematics Minimum Wage Monetary Fund National Securities Net Worth oligopoly Pension pension funds Pension reform pension regime Pension System Pensions Per Capita Income Political Economy Portfolios Present Value Price Increases Private Bank private banks Private Bond Private Credit private investment private investments private investors private property Probabilities Probability productive investments Productivity property rights protection of investors public banks public budget public finances public goods public investment Public Spending purchasing power rapid growth Rates of Return regulatory framework regulatory structures remittances rents Retail Banks retirement retirement pensions risk assessment risk of expropriation risk premium rule of law Salaries sale Savings Self-Employment Senior Social Protection Social Security social service Social Services Stock Index Stock Market Stock Market Capitalizations tax tax collections tax laws tax rates tax system Telecommunications Telecommunications Reform Telephone Penetration Termination Trade Union trading Trusts unemployment Wages Wealth withdrawal World Trade World Trade Organization |
| spellingShingle |
Accounting amortization asset values Average Earnings balanced budget Bank Credit banking laws banking sector beneficiaries Beneficiary Bond Market Bond Market Capitalization Bonds Capital Formation capital markets central bank central bank independence checks collateral collective action Commercial Bank Commercial Bank Credit Commercial Loans commitment device competitive framework Competitiveness constant prices Consumer Consumer Price Index Consumers contribution contribution system credibility credibility problems current account current account deficits decentralization Deposit Deposit Money Banks depreciation Development Bank Development Economics domestic debt Durable Economic development economic inequality economic liberalization Economic Policies economic recession efficient investment enforcement powers Equilibrium Exchange Commission exchange rates Expenditure Expenditures expropriation external debt external shocks federal budget finances financial intermediation Financial Performance financial products financial sector financial services Financial System fiscal constraints fiscal deficits fiscal subsidies Fixed Capital foreign bank foreign currency foreign direct investment foreign investors Free Trade GDP GDP Per Capita general public global markets globalization government guarantees government interventions government policies government regulation government subsidies gross domestic product Gross Fixed Capital Formation Gross National Product health insurance Household Expenditure Household Income human capital income inequalities Income Inequality income taxes Incomes Increase in Incomes independent judiciaries individual account individual accounts inflation information asymmetries infrastructure development infrastructure investments instrument insurance insurance markets interest rate International Bank International Development international markets international standards investment choices investment opportunities issuance judicial institutions justice system Labor Force Labor Market Labor Markets lack of experience lack of transparency land titling large business large firms Levy LLC long-term interest low cost low-income lower incomes macroeconomic crisis macroeconomic management macroeconomic mismanagement Macroeconomic Policies Macroeconomic stability market distortions market failures market reform Market Share Market Value Mathematics Minimum Wage Monetary Fund National Securities Net Worth oligopoly Pension pension funds Pension reform pension regime Pension System Pensions Per Capita Income Political Economy Portfolios Present Value Price Increases Private Bank private banks Private Bond Private Credit private investment private investments private investors private property Probabilities Probability productive investments Productivity property rights protection of investors public banks public budget public finances public goods public investment Public Spending purchasing power rapid growth Rates of Return regulatory framework regulatory structures remittances rents Retail Banks retirement retirement pensions risk assessment risk of expropriation risk premium rule of law Salaries sale Savings Self-Employment Senior Social Protection Social Security social service Social Services Stock Index Stock Market Stock Market Capitalizations tax tax collections tax laws tax rates tax system Telecommunications Telecommunications Reform Telephone Penetration Termination Trade Union trading Trusts unemployment Wages Wealth withdrawal World Trade World Trade Organization Levy, Santiago Walton, Michael No Growth without Equity? Inequality, Interests, and Competition in Mexico |
| geographic_facet |
Latin America & Caribbean North America Mexico |
| relation |
Equity and Development; |
| description |
In this introduction, the authors do three things. They first introduce the puzzle and relate it to existing interpretations from market reformists and their critics, arguing that both sets of views are inadequate. The authors then offer an alternative interpretation: that entrenched inequities sustained by a rent-sharing political equilibrium are a primary source of inefficiencies and weak growth. Moreover, this equilibrium has been resilient to democratization in ways that can be explained by the nature of the underlying forces. Finally, they draw some tentative implications for the future, suggesting how public action could potentially support a shift to more equitable and more efficient equilibrium. The volume's chapters are introduced within the structure of this argument. |
| author2 |
Levy, Santiago |
| author_facet |
Levy, Santiago Levy, Santiago Walton, Michael |
| format |
Publications & Research :: Publication |
| author |
Levy, Santiago Walton, Michael |
| author_sort |
Levy, Santiago |
| title |
No Growth without Equity? Inequality, Interests, and Competition in Mexico |
| title_short |
No Growth without Equity? Inequality, Interests, and Competition in Mexico |
| title_full |
No Growth without Equity? Inequality, Interests, and Competition in Mexico |
| title_fullStr |
No Growth without Equity? Inequality, Interests, and Competition in Mexico |
| title_full_unstemmed |
No Growth without Equity? Inequality, Interests, and Competition in Mexico |
| title_sort |
no growth without equity? inequality, interests, and competition in mexico |
| publisher |
Washington, DC: World Bank and Palgrave Macmillan |
| publishDate |
2013 |
| url |
http://hdl.handle.net/10986/13263 |
| _version_ |
1764423029897560064 |
| spelling |
okr-10986-132632021-04-23T14:03:07Z No Growth without Equity? Inequality, Interests, and Competition in Mexico Levy, Santiago Walton, Michael Levy, Santiago Walton, Michael Accounting amortization asset values Average Earnings balanced budget Bank Credit banking laws banking sector beneficiaries Beneficiary Bond Market Bond Market Capitalization Bonds Capital Formation capital markets central bank central bank independence checks collateral collective action Commercial Bank Commercial Bank Credit Commercial Loans commitment device competitive framework Competitiveness constant prices Consumer Consumer Price Index Consumers contribution contribution system credibility credibility problems current account current account deficits decentralization Deposit Deposit Money Banks depreciation Development Bank Development Economics domestic debt Durable Economic development economic inequality economic liberalization Economic Policies economic recession efficient investment enforcement powers Equilibrium Exchange Commission exchange rates Expenditure Expenditures expropriation external debt external shocks federal budget finances financial intermediation Financial Performance financial products financial sector financial services Financial System fiscal constraints fiscal deficits fiscal subsidies Fixed Capital foreign bank foreign currency foreign direct investment foreign investors Free Trade GDP GDP Per Capita general public global markets globalization government guarantees government interventions government policies government regulation government subsidies gross domestic product Gross Fixed Capital Formation Gross National Product health insurance Household Expenditure Household Income human capital income inequalities Income Inequality income taxes Incomes Increase in Incomes independent judiciaries individual account individual accounts inflation information asymmetries infrastructure development infrastructure investments instrument insurance insurance markets interest rate International Bank International Development international markets international standards investment choices investment opportunities issuance judicial institutions justice system Labor Force Labor Market Labor Markets lack of experience lack of transparency land titling large business large firms Levy LLC long-term interest low cost low-income lower incomes macroeconomic crisis macroeconomic management macroeconomic mismanagement Macroeconomic Policies Macroeconomic stability market distortions market failures market reform Market Share Market Value Mathematics Minimum Wage Monetary Fund National Securities Net Worth oligopoly Pension pension funds Pension reform pension regime Pension System Pensions Per Capita Income Political Economy Portfolios Present Value Price Increases Private Bank private banks Private Bond Private Credit private investment private investments private investors private property Probabilities Probability productive investments Productivity property rights protection of investors public banks public budget public finances public goods public investment Public Spending purchasing power rapid growth Rates of Return regulatory framework regulatory structures remittances rents Retail Banks retirement retirement pensions risk assessment risk of expropriation risk premium rule of law Salaries sale Savings Self-Employment Senior Social Protection Social Security social service Social Services Stock Index Stock Market Stock Market Capitalizations tax tax collections tax laws tax rates tax system Telecommunications Telecommunications Reform Telephone Penetration Termination Trade Union trading Trusts unemployment Wages Wealth withdrawal World Trade World Trade Organization In this introduction, the authors do three things. They first introduce the puzzle and relate it to existing interpretations from market reformists and their critics, arguing that both sets of views are inadequate. The authors then offer an alternative interpretation: that entrenched inequities sustained by a rent-sharing political equilibrium are a primary source of inefficiencies and weak growth. Moreover, this equilibrium has been resilient to democratization in ways that can be explained by the nature of the underlying forces. Finally, they draw some tentative implications for the future, suggesting how public action could potentially support a shift to more equitable and more efficient equilibrium. The volume's chapters are introduced within the structure of this argument. 2013-04-24T17:09:07Z 2013-04-24T17:09:07Z 2009 978-0-8213-7767-3 http://hdl.handle.net/10986/13263 en_US Equity and Development; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank and Palgrave Macmillan Publications & Research :: Publication Publications & Research Latin America & Caribbean North America Mexico |