Beyond Austerity:Alternative Policies for Employment and Growth

Ricardo LagosMay 2012

The four-speed world in the 1990s

Source: OECD Development Centre, Perspectives on Global Development 2010 - Shifting Wealth

Beyond Austerity: Alternative Policies for Employment and Growth

The four-speed world in the 2000s

Source: OECD Development Centre, Perspectives on Global Development 2011 – Social Cohesion in a Shifting World

Beyond Austerity: Alternative Policies for Employment and Growth

Gross Internal Product per capita(purchase power parity )

  2009 2010 2011 2012 2013 2014 2015 2016

Argentina 14.500 15.800 16.800 17.600 18.400 19.200 20.200 21.200

Brazil 10.400 11.200 11.700 12.300 12.800 13,5 14.300 15.100

Chile 14.300 15.000 15.800 16.600 17.400 18.300 19.200 20.200

Colombia 9.200 9.500 10.000 10.400 10.900 11.500 12.000 12.600

Mexico 13.600 14.400 15.100 15.700 16.300 16.900 17.600 18.300

Perú 8.600 9.300 9.900 10.500 11.100 11.700 12.400 13.100

Uruguay 13.100 14.200 15.100 15.900 16.700 17.600 18.500 19.500

Venezuela 12.100 11.800 11.900 12.000 12.100 12.000 12.400 12.600

Source: IMF(US$)

Beyond Austerity: Alternative Policies for Employment and Growth

Policies can make a difference for inequality

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Inequality before taxes and transfers Inequality after taxes and transfers

Gini coefficients before and after taxes and transfers in developing countries

Source: OECD (2008a and 2008b).

Beyond Austerity: Alternative Policies for Employment and Growth