Econ FINAL essay 3

LA's income distribution
- big gap between rich and poor
- small middle class prevented growth of a mass consumer market
- caused political tensions and even civil wars
- free market policies haven't solved problem to gov'ts turned away from them
Why worse than asia?

asia did more to provide poor people with skills and opportunities
Ways asain gov'ts helped
- anti poverty policies
- universal primary education/technical school
- help for agriculture
- export emphasis
- macro stability
Anti Poverty Policies
- programs to help poor
- wanted to win their vote
Universal Primary Education/Technical School

gave poor good job skills
Help for Agriculture
- built up farm sector
- rural people became more prosperous
Export Emphasis
- gave industrial aid to good exporting companies
- had to be efficient, high product quality, stay in line with county's comp adv
Macro Stability
- didn't get trade/budget deficits get out of control
- had less inflation & fewer crises
Ideas for improving LA's income distribution
- education reform: spend $ on universal primary edu
- encourage more exports: emphasis on labor intensive
- business policy reform: gov'ts need to stop over regulating
- spending reform: work on macro stability (less boom-bust)

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kyle.coughlin

186098

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Econ FINAL essay 3

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Econ FINAL essay 3

Updated

2012-12-02T19:27:51Z

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