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Lecture 9. Example 1 - Latin America

Alberto Diaz-Cayeros

Internet Research Materials:

Questions for Seminar Discussions

  • What is the GINI coefficient? Why should we care about inequality? Do you know what the GINI coefficient for Russia is?
  • What is the median voter model of distribution? What are its consequences in a country marked by high levels of income inequality?
  • How would you explain the fact that despite great income inequalities, which have been related with reduced support for democracy, Latin America is still predominantly democratic?

    • Key terms:

    Inequality

    Economic Growth

    Colonialism

    Developing vs. Stagnating

    GDP (Gross Domestic Product)

    Personal Freedoms

    Poverty

    Family Structures

    Per Capita Income

    Kuznets Hypothesis of Development

    "Trickle Down" Hypothesis of Development

    Polarization of Society

     

     
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