1st Edition

Inequality and Uneven Development in the Post-Crisis World

Edited By Sebastiano Fadda, Pasquale Tridico Copyright 2018
    274 Pages
    by Routledge

    274 Pages 61 B/W Illustrations
    by Routledge

    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.

    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

    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).