1st Edition

Inequality and Uneven Development in the Post-Crisis World





ISBN 9780367594978
Published June 30, 2020 by Routledge
274 Pages

USD $48.95

Prices & shipping based on shipping country


Preview

Book Description

In the years following the financial crash, two issues have become central to the debate in economics: inequality and the uneven nature of sustainable development. These two issues are at the core of this book which aims to explain three key questions: why inequality has increased so much in the last three decades; why most advanced economies are stagnating or are experiencing moderate economic growth; and why, even where economic growth is occurring, the quality of that growth is questioned.





Inequality and Uneven Development in the Post-Crisis World is divided into three parts. The first part concerns the theoretical aspects of inequality, and ethical issues regarding economics and equality. The second part explores empirical evidence and policy suggestions drawing on the uneven levels of development and unprecedented levels of inequality experienced among advanced economies in the context of global financial capitalism. The third part focuses on sustainable development issues such as full employment, social costs of global trade liberalization, environmental sustainability and ecological issues. Along with inequality these issues are central for capitalism and for economic development.





This volume is of interest to those who study political economy, sustainable development and social inequality.

Table of Contents

Introduction



Pasquale Tridico and Sebastiano Fadda





Part I Ethics, pluralism and theoretical approaches



Chapter 1 The rise of income inequality in rich countries



Pasquale Tridico



Chapter 2 Income inequality, household debt and growth



Riccardo Pariboni



Chapter 3 Unsustainable unemployment and sustainable growth: a long-run perspective



Sebastiano Fadda



Chapter 4 Shifting the social costs of trade: non-tariff measures as the new focus of trade policy



Werner Raza



Chapter 5 Inequity and unsustainability: the role of financialized masculinity



Julie A. Nelson



Part II Empirical evidences of inequality



Chapter 6 Intergenerational inequality: transmission channels, direct and indirect mechanisms and evidence for European countries



Michele Raitano



Chapter 7 Financialised capitalism and inequality: shareholder-value-driven firms, marketised household balance sheets and bubbly financial markets



Nicholas Black and Ismail Ertürk



Chapter 8 Regional inequalities and foreign direct investments: the case of Hungary



Miklós Szanyi



Chapter 9 Financialization and inequalities: the uneven development of the housing market on the eastern periphery of Europe



Zsuzsanna Pósfai, Zoltán Gál and Erika Nagy  





Part III Sustainable development issues



Chapter 10 The triple crisis: how can Europe foster growth, well-being and sustainability?



Miriam Rehm, Sven Hergovich and Georg Feigl



Chapter 11 The challenge of hydropower as a sustainable development alternative: benefits and controversial effects in the case of the Brazilian Amazon



Nicola Caravaggioa, Valeria Costantinia, Martina Iorioa, Salvatore Monnia and Elena Paglialungaa



Chapter 12 Careful with that switch! Willingness to save energy and income distribution



Gionata Castaldi, Alessio D’Amato and Mariangela Zoli

...
View More

Editor(s)

Biography

Sebastiano Fadda is Professor at the Roma Tre University, Rome, Italy, and teaches Advanced Labour Economics at the Department of Economics. He is director of ASTRIL (Interdisciplinary Association for the Study and Research of Labour) and has worked extensively on institutions, economic development and labour economics issues.





Pasquale Tridico is Professor at the Roma Tre University, Rome, Italy, and is a lecturer in Labour Economics and Economic Policy. He is director of a two-year master’s degree course (Labour Market, Industrial Relations and Welfare Systems). He is also Jean Monnet Chair of Economic Growth and Welfare Systems and elected General Secretary of the EAEPE. He is the author of Inequality in Financial Capitalism (Routledge, 2017).