Distributive Justice and Economic Development The Case of Chile and Developing Countries
Distributive Justice and Economic Development: The Case of Chile and Developing Countries by Andrés Solimano, published by University of Michigan Press in 2000, is an illustrated edition comprising 206 pages. This book examines the intricate relationship between wealth creation and its distribution, a topic of significant interest among development economists. It addresses whether growth and social equity can coexist and the role of public policy in shaping these outcomes, particularly in the context of Latin America and other developing nations.
Readers will find a comprehensive analysis that includes both theoretical perspectives and practical insights. The first part delves into concepts of distributive justice and social equity, linking them to macroeconomic policies and human development. The second part features contributions from Chilean policymakers who discuss the country’s economic reforms from the 1970s to the 1990s, highlighting the challenges of achieving rapid growth alongside persistent inequality. This dialogue among economists, social thinkers, and policymakers aims to shed light on the complexities of economic development and social equity, making it a valuable resource for those interested in business, economics, and international development.
Official synopsis Publisher
The relationship between the process of creating wealth and distributing it has been a subject of great analytical and policy interest to development economists for many years. Is there an inevitable conflict, or tradeoff, between wealth creation and wealth distribution? Can both growth and social equity increase simultaneously? What role can public policy play to affect growth-equity outcomes?
These questions are particularly salient both for Latin America, where inequality levels are among the highest in the world, and for developing countries in general. A key question is to what extent market-oriented reform, followed with great impetus in the 1990s in the developing and postsocialist world, is compatible with socially accepted patterns of distribution of income, wealth, and opportunities.
Part 1 provides the analytical-empirical perspective. Contributors explore alternative concepts of distributive justice and social equity and their links with macro policies, structural reform, and human development. Part 2 is written mainly by Chilean policymakers, who examine Chile’s economic reform started in the 1970s under a military regime and continued in the 1990s by the democratic regime. They describe the process of very rapid economic growth matched by significant poverty reduction and persistent wealth and income inequality.
Such a theme requires a dialogue between professional economists, social thinkers, and policy practitioners both at the national and international levels. This book provides that dialogue on the issues of social equity, distributive justice, and economic development and will be important reading for development economists and Latin American scholars.
Andrés Solimano is Director of the Country Management Unit for Colombia, Ecuador, and Venezuela at the World Bank. Eduardo Ananat is Minister of Finance of Chile. Nancy Birdsall is Chief of Policy and Research, Population Health and Nutrition Department at the World Bank.
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