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The Economic Policy Regime and the Two Phases of Market Incorporation

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

Abstract

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.

Keywords

Foreign Direct Investment Gross Domestic Product Public Employment Private Bank Annual Average Rate 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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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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