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Asset accumulation by the middle class and the poor in Latin America : political economy and governance dimensions

By:

Solimano, Andrés

Material type: Text

TextPublication details: CEPAL SantiagoCL 2006Description: 27 pAction note:

10/4/07 JOYD

Summary: Highlights the role that asset accumulation by the middle class and the poor can play in fostering a degree of economic autonomy of the non-rich, in improving wealth distribution and in enhancing political stability as in a society with a wider pattern of ownership of assets, citizens are less prone to support destabilizing policies, either populist or authoritarian. Identifies some priority areas for new policies that protect growth, strengthen the middle class, promote asset building and ultimately, strengthen democracy by giving citizens a stake in the asset base of society.

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Highlights the role that asset accumulation by the middle class and the poor can play in fostering a degree of economic autonomy of the non-rich, in improving wealth distribution and in enhancing political stability as in a society with a wider pattern of ownership of assets, citizens are less prone to support destabilizing policies, either populist or authoritarian. Identifies some priority areas for new policies that protect growth, strengthen the middle class, promote asset building and ultimately, strengthen democracy by giving citizens a stake in the asset base of society.

10/4/07 JOYD

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