Distributive Justice and Economic Development

This insightful work explores the balance between economic growth and social equity, particularly in developing countries like those in Latin America, as discussed in Distributive Justice and Economic Development.

The book Distributive Justice and Economic Development delves into the intricate relationship between wealth creation and its equitable distribution, a topic that has captured the attention of development economists for decades. It raises critical questions about whether growth and social equity can coexist without conflict. The authors explore the implications of public policy on these dynamics, particularly in the context of Latin America, where inequality remains a pressing issue. The analysis is timely and relevant, especially considering the market-oriented reforms that gained momentum in the 1990s across developing and post-socialist nations.

In the first part, contributors provide an analytical and empirical perspective on distributive justice and social equity. They examine various concepts and their connections to macroeconomic policies, structural reforms, and human development. This section aims to create a foundational understanding of how these elements interact in the broader economic landscape. The second part features insights from Chilean policymakers who reflect on the country’s economic reforms initiated in the 1970s and their evolution through the 1990s. They highlight the remarkable economic growth experienced alongside significant poverty reduction, while also addressing the persistent issues of wealth and income inequality.

Distributive Justice and Economic Development fosters a necessary dialogue among economists, social thinkers, and policymakers at both national and international levels. It serves as an essential resource for those interested in the interplay between social equity, economic development, and the policies that govern them, particularly for development economists and scholars focused on Latin America.