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ment, and inequality. Edited by Erik S. Reinert, it brings together expert contributors who approach underdevelopment and inequality from various evolutionary perspectives. The book argues that Schumpeterian processes of 'creative destruction' can result in wealth creation in some regions and wealth destruction in others. It includes case studies analyzing successful 19th-century policies in Germany and the United States, contrasted with deindustrialization and declining real wages in Peru and Mongolia during the 1990s. The thematic papers explore mechanisms causing economic inequality and discuss how current forms of globalization may increase poverty in many developing nations.
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Publisher: Edward Elgar Publishing
Publishing Year: 2004
ISBN: 978-1-85898-891-7
Pages: 339