Economic Development, Economic Growth and Income Distribution

Adopting a structuralist approach, this informative book discusses the international obstacles to economic growth and the role of individual sectors including manufacturing and services in political economies. It also examines key issues, such as the determinants of economic growth through capital accumulation and technological change. Leading experts shed light on the importance of aggregate demand in relation to trade and capital flows, addressing socio-economic inequality and regional divergence. Focussing on Latin American countries, they showcase regional disparities and demonstrate the historical regimes that have perpetuated income inequalities. Covering key case studies, such as the social polarization in Colombia and the challenges for inclusive growth in Argentina, they reveal the institutions, policies and economic agents involved in the development of Mexico's political economy. The book further demonstrates that there is much more to economic development than neoliberal reforms, identifying the roles of inflation and fiscal expansion, alongside contemporary obstacles to economic growth. A vital resource for students and academics in economics, public policy, and human and development geography, this book will also greatly benefit researchers and policymakers in economic development and politics.