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Relaciones entre democracia y desarrollo en los países andinos. Una reflexión desde la economía política

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  • Édgard Moncayo Jiménez

    (Investigador independiente)

Abstract

Democratic governance during the last two decades in the Andean countries contrasts sharply with low levels of economic growth and the increase in unemployment and poverty. This essay argues that the Gordian knot of this paradox is the high level of inequality in income distribution. This inequality is the cause and consequence of the malfunctioning of the economic and the political system, since economic elites control political power and create institutions and policies that reflect the interests of the wealthy rather than the common interest. This creates a vicious circle in which “controlled” democracy reproduces and expands the inequalities that bore it.

Suggested Citation

  • Édgard Moncayo Jiménez, 2006. "Relaciones entre democracia y desarrollo en los países andinos. Una reflexión desde la economía política," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 8(14), pages 167-190, January-J.
    • Handle: RePEc:rei:ecoins:v:8:y:2006:i:14:p:167-190
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    File URL: http://www.uexternado.edu.co/facecono/ecoinstitucional/workingpapers/emoncayo14.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    democracy; development; income distribution; political economy;
    All these keywords.

    JEL classification:

    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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