The Economic Policy Regime and the Two Phases of Market Incorporation

  • Juliana Martínez Franzoni
  • Diego Sánchez-Ancochea
Part of the Developmental Pathways to Poverty Reduction book series (POD)


Market incorporation is a primary requirement for equitable economic development. The creation of well-paid, formal employment provides access to a stable income, helps people to plan for the future and reduces the level of uncertainty. Securing market incorporation for low-income groups can also contribute to reduced income inequality, particularly if it is accompanied by a process of wage compression.


Foreign Direct Investment Gross Domestic Product Public Employment Private Bank Annual Average Rate 
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Copyright information

© United Nations Research Institute for Social Development, Geneva 2013

Authors and Affiliations

  • Juliana Martínez Franzoni
    • 1
  • Diego Sánchez-Ancochea
    • 2
  1. 1.University of Costa RicaCosta Rica
  2. 2.University of OxfordUK

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