Tuesday, October 14, 2014
Back to the blog... with inequality
After months without writing anything, the beginning of a new academic year at Oxford is a great reason to get back to writing. George Gray Molina, an alumni from Oxford and new Chief Economist for Latin America at UNDP, has an interesting article on the Guardian. The reduction of income inequality that took place in Latin America since the early 2000s has stagnated; in countries like Brazil, the Gini coefficient has actually increased in the last two years. It is hard to know exactly why, but it was clear that the current strategy had its limits. Unless the region develops a more dynamic economy--something that may need more creative answers that more liberalization--we may not witness further improvements in the region.