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Development With Neo-Liberal Policy - Is Income Inequality a Negative Societal Outcome?

Hibell, Martina (2005)
Department of Political Science
Abstract
Neo-liberal policy as a means for development has been present in our society since the first experiment in Chile during the 1970s. This experience came to be known as an economic ?miracle? and the model was soon imitated by surrounding countries. In these countries income inequality has been a well-known feature and the Gini Coefficient in all Latin American countries exceeds the world average. There is however no consensus that income inequality is an actual societal prob-lem, or that the implementation of policy is needed in the struggle against it.

The strengthening of the middle class is by numerous scholars, especially within the modernisation theory, mentioned as an important factor for democrati-sation. Increased marginalisation... (More)
Neo-liberal policy as a means for development has been present in our society since the first experiment in Chile during the 1970s. This experience came to be known as an economic ?miracle? and the model was soon imitated by surrounding countries. In these countries income inequality has been a well-known feature and the Gini Coefficient in all Latin American countries exceeds the world average. There is however no consensus that income inequality is an actual societal prob-lem, or that the implementation of policy is needed in the struggle against it.

The strengthening of the middle class is by numerous scholars, especially within the modernisation theory, mentioned as an important factor for democrati-sation. Increased marginalisation is opposed to the concept of a strong middle class, which is one of the reasons why it may be considered a negative pattern. Scholars advocating neo-liberal policy, on the other hand, mean that income ine-quality not is a problem in itself and that with time the free market will even out the gaps. (Less)
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author
Hibell, Martina
supervisor
organization
year
type
M2 - Bachelor Degree
subject
keywords
Chile, Development, Income inequality, Modernisation, Neo-liberalism, Political and administrative sciences, Statsvetenskap, förvaltningskunskap
language
English
id
1332093
date added to LUP
2005-06-20 00:00:00
date last changed
2005-06-20 00:00:00
@misc{1332093,
  abstract     = {Neo-liberal policy as a means for development has been present in our society since the first experiment in Chile during the 1970s. This experience came to be known as an economic ?miracle? and the model was soon imitated by surrounding countries. In these countries income inequality has been a well-known feature and the Gini Coefficient in all Latin American countries exceeds the world average. There is however no consensus that income inequality is an actual societal prob-lem, or that the implementation of policy is needed in the struggle against it.

The strengthening of the middle class is by numerous scholars, especially within the modernisation theory, mentioned as an important factor for democrati-sation. Increased marginalisation is opposed to the concept of a strong middle class, which is one of the reasons why it may be considered a negative pattern. Scholars advocating neo-liberal policy, on the other hand, mean that income ine-quality not is a problem in itself and that with time the free market will even out the gaps.},
  author       = {Hibell, Martina},
  keyword      = {Chile,Development,Income inequality,Modernisation,Neo-liberalism,Political and administrative sciences,Statsvetenskap, förvaltningskunskap},
  language     = {eng},
  note         = {Student Paper},
  title        = {Development With Neo-Liberal Policy - Is Income Inequality a Negative Societal Outcome?},
  year         = {2005},
}