Leon, Gabriel - In: European Journal of Political Economy 34 (2014) C, pp. 39-51
Why do some countries in Latin America redistribute too much (“left-wing populism”), while others allow high levels of … inequality to persist or even increase over time (“neo-liberalism”)? We argue that when a group's political influence is … influence future policy is reduced. Populism arises when the poor respond to this strategic motive, while neo-liberalism results …