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Labour Relations and Economic Performance
The central hypothesis of this paper is that high income inequality in Latin America contributes to intense political pressures for macroeconomic policies to raise the incomes of lower income groups, which in turn contributes to bad policy choices and weak economic performance. The paper looks in detail at one common type of policy failure: the populist policy cycle. This particular type of Latin American policymaking, characterized by overly expansionary macroeconomic policies which lead todoi:10.1007/978-1-349-11562-4_6 fatcat:c7j7v4ne3ncnvirh2rp5xc7sge