Open AccessThe Implications of the Pacific Alliance on the Evolution of Inequality in Member Countries
Author(s) -
Daniel Rojas-Lozano
Publication year - 2018
Publication title -
latin american journal of trade policy
Language(s) - English
Resource type - Journals
ISSN - 0719-9368
DOI - 10.5354/0719-9368.2018.50991
Subject(s) - alliance , distributive property , inequality , mechanism (biology) , member states , international trade , capital (architecture) , economic integration , process (computing) , economics , international economics , political science , development economics , geography , european union , computer science , operating system , mathematical analysis , philosophy , mathematics , archaeology , epistemology , pure mathematics , law
The Pacific Alliance is a regional integration process that seeks to promote greater economic growth, competitiveness and development in its member countries. In this paper, the author critically approaches this integration process and wonders if it affects the level of income inequality in their countries. When investigating the constituent agreements of the Pacific Alliance, and using Mercosur as a control group for the period 2000-2014, this study shows that the Pacific Alliance members conceive free capital flows as a mechanism to promote growth, however, the measures to promote this mechanism represent setbacks in distributive terms.