Poverty and Inequality in Latin America: Mesoeconomic Dimensions of Justice and Entitlements

Abstract

According to the present paper, absolute poverty and relative inequality have persisted in Latin America as a result of mutually reinforcing, and unfair, patterns of distribution of final private, broad, and total consumption and income. Furthermore, it is argued that the prevailing pattern, characterized by a vicious circle of distributive injustice in both consumption and income (production), can be broken only by mesoeconomic, sectoral constitutions and, thus, by public policies that uphold the principles of justice, freedom, and equality - on both the consumption and income (production) sides.