Introduction

Werner Baer, Geoffrey Hewings

Research output: Chapter in Book/Report/Conference proceedingForeword/postscript

Abstract

Can market forces be counted on to diminish remedy disparities in the regional distribution of income within one country? This question has been debated for generations both in advanced industrial countries and in developing countries. Those who believe that market forces will gradually eliminate regional differences in income argue that poor regions, where capital is scarce and labor is abundant, will benefit from an inflow of investments due to the high returns on capital (because of its scarcity) and the low cost of labor (because of its abundance). In reality, this has rarely happened. Thus, before introducing these Brazilian case studies of countering market forces in order to attain greater regional equity, let us briefly examine the experience of the United States, which should place them in a broader context.

Original languageEnglish (US)
Title of host publicationLatin American Business
Subtitle of host publicationEquity Distortion in Regional Resource Allocation in Brazil
PublisherTaylor and Francis
Pages1-9
Number of pages9
ISBN (Electronic)9781134732159
ISBN (Print)0789035367, 9781315880785
DOIs
StatePublished - Jan 1 2014

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)
  • Business, Management and Accounting(all)

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    Baer, W., & Hewings, G. (2014). Introduction. In Latin American Business: Equity Distortion in Regional Resource Allocation in Brazil (pp. 1-9). Taylor and Francis. https://doi.org/10.1300/J140v07n03_01