From equity to growth: social discontent in developing countries / José Antonio Ocampo, Jonathan Malagón, and Andrés Narváez.

Format:

Book

Author/Creator:

Ocampo, José Antonio, author.

Malagón, Jonathan, author.

Narváez, Andrés, author.

Contributor:

Bachelet Jeria, Michelle..

Series:

Initiative for policy dialogue at Columbia: challenges in development and globalization.

Language:

English

Subjects (All):

Economic development--Developing countries.

Economic development.

Income distribution--Developing countries.

Income distribution.

Physical Description:

1 online resource

Place of Publication:

New York: Columbia University Press, 2026.

Summary:

In many emerging economies, impressive progress in reducing poverty has been overshadowed by persistent inequality and growing frustration with political elites. This widespread social discontent has driven governments to respond with short-term policies aimed at increasing equity that run the risk of jeopardizing long-term development. Is it possible to build fairer societies without undermining economic growth? From Equity to Growth explores this dilemma, offering new perspectives on one of the defining challenges of the era. Combining economic theory, political analysis, and real-world case studies, the book contrasts two potential outcomes. In one, poorly designed redistributive policies distort markets, weaken institutions, and trap countries in middle-income stagnation. In the other, well-crafted equity strategies boost investment, strengthen institutional trust, and spur sustainable development. Rejecting simplistic binaries between equity and growth, the authors argue that inclusive development is not only possible but essential. They highlight specific policy choices that can reconcile social demands with macroeconomic stability, providing a road map to escape the middle-income trap without sacrificing fairness. Clear, timely, and rigorous, From Equity to Growth offers both a diagnosis of many countries’ current predicament and a hopeful vision of how to move forward.

Contents:

Front matter

Table of contents

Foreword / Michelle Bachelet Jeria

Preface

The dilemma between equity and growth

The era of social discontent

Social discontent and politics

Anti–growth equity

Pro–growth equity

Notes

Bibliography

Index.

Notes:

Includes bibliographical references and index.

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ISBN:

0-231-56632-8

9780231566322