By United Nations
This paper highlights lacking elements of present social guidelines in Latin the USA that impact the political-economy equilibrium: specifically, the forget of the center classification as legitimate topic of social coverage, the endurance of source of revenue and wealth inequality in a context of reasonable progress and the necessity to placed extra emphasis on asset accumulation by means of the bad and the center type. The paper offers fiscal and political financial system rationales for devising new regulations that can right this forget.
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Additional resources for Asset Accumulation by the Middle Class and the Poor in Latin America: Political Economy and Governance Dimensions (Macroeconomia Del Desarrollo)
This, he asserts, will help to elucidate the relative importance of material and non-material (semiotic) factors in shaping how successfully the imaginary will be retained and reinforced. He concludes by reﬂecting on the value of a modiﬁed CPE approach, arguing that ‘it is not the components of cultural political economy that should make this perspective distinctive, but the way the components made visible by CPE interact and relate to each other’ (p. 393). Whilst acknowledging that the modiﬁed CPE approach requires more detailed empirical application and testing, Jones illustrates its potential through a study of the skills society in the UK which highlights, for example, how key policy statements on the knowledge-based economy and welfare-to-work agendas work in tandem to advocate a work-ﬁrst approach to tackling unemployment.
No explanation is provided as to how, or to what extent, the various indicators relate to the overall deﬁnition of regional competitiveness (see also Chapter 4). This reveals the existence of considerable confusion within policy circles as to whether a region’s competitiveness is simply reﬂected in its overall levels of prosperity, or whether the conditions shaping the region’s ability to sustain its macroeconomic performance are more or less important considerations. The outcome is a conception of regional competitiveness that is a chaotic mix of productivity, prosperity and the development of numerous diﬀerent attributes of the business environment.
Regional competitiveness is more clearly intended to refer to the relative economic prosperity of a region, although again there is considerable confusion as to what this actually means and when a situation of ‘competitiveness’ has indeed been achieved. There are fundamental problems in equating competitiveness directly with macroeconomic performance or living standards in a region, not least because of the vagueness which surrounds the conditions that are required to ensure regions with productive ﬁrms can generate the high proﬁts and wages critical to enabling them to sustain prosperous economies.