This paper reviews the principal neo-liberal policy measures implemented in Latin America in the last decade and their impact on equity. It first emphasizes the difficulty of separating the repercussions of liberalization measures from the necessary fiscal adjustments of the 1980s, and their...

The paper presents a survey of the main theoretical schools approaching the determination of income distribution profiles. Since Adam Smith, classical political economy had its focus on the relations between functional income distribution and the development process, proposing that growth could...