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The Political Economy of the BRICS Countries


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the degree of inequality in the space of income and wealth is no less in India than that in China and the Latin American high inequality countries. Brazil’s transition from ‘un-aimed opulence’ to a more inclusive approach based on active social policies can be a lesson for India which is clearly faltering on the task of making the growth process inclusive.

      References

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      1To name a few, Stiglitz (2013), Piketty (2014), Atkinson (2015) and Milanovic (2016).

      2Cornia (2015) observes that between 2002 and 2010 inequality fell, although to a different extent and with different timing, in all the Latin American countries except Nicaragua and Costa Rica.

      3Here they have taken only rural India, which held roughly three-fourths of India’s population at the beginning of this millennium.

      CHAPTER 5

      Inequality and Poverty in India and Brazil Since the 1990s: A Comparative Analysis*

      Sripad Motiram

       Department of Economics, University of Massachusetts, Boston, USA

      Introduction

      In light of the above, in the second and third sections, I examine inequality and poverty in India and Brazil, respectively. I draw upon secondary literature to do so, including several of my own contributions on India. In the fourth section, I provide an explanation for the trends documented and present a comparison of the India and Brazil. The final section concludes.

      Inequality and Poverty in India Since the Onset of Economic Reforms