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Growth and Equity via Austerity and Competitiveness

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  • FERNANDO FAJNZYLBER

Abstract

In the first section of this article, a comparative analysis is undertaken of Latin America and semi-industrialized countries in other areas of the world. Attention is drawn to the specific features of Latin America as regards its lack of a strong predisposition toward the incorporation of technological progress and its dubious achievements in relation to growth, equity, and competitiveness. In the second section, a similar type of comparative analysis is applied to the leading countries. Finally, some reflections are presented with regard to directions and actions in Latin America and in the north that could contribute to confronting what in the first section is defined as the challenge of Latin America, that is, to approaching the until now empty box wherein growth converges with equity.

Suggested Citation

  • Fernando Fajnzylber, 1989. "Growth and Equity via Austerity and Competitiveness," The ANNALS of the American Academy of Political and Social Science, , vol. 505(1), pages 80-91, September.
    • Handle: RePEc:sae:anname:v:505:y:1989:i:1:p:80-91
    DOI: 10.1177/0002716289505001007
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    References listed on IDEAS

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    1. William H. Branson, 1980. "Trends in U.S. International Trade and Investment since World War II," NBER Working Papers 0469, National Bureau of Economic Research, Inc.
    2. Martin Feldstein, 1980. "The American Economy in Transition," NBER Books, National Bureau of Economic Research, Inc, number feld80-1.
    3. William H. Branson & Herbert Giersch & Peter G. Peterson, 1980. "Trends in United States International Trade and Investment since World War II," NBER Chapters, in: The American Economy in Transition, pages 183-274, National Bureau of Economic Research, Inc.
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