Neoliberal Policies, Income Distribution Inequality and the Financial Crisis

  title={Neoliberal Policies, Income Distribution Inequality and the Financial Crisis},
  author={Riccardo Fiorentini},
  journal={Forum for Social Economics},
  pages={115 - 132}
  • R. Fiorentini
  • Published 4 May 2015
  • Economics, Political Science
  • Forum for Social Economics
In the last 20 years, the within countries income and wealth inequality has continuously increased. This trend largely depends on the diffusion of neoliberal policies which, along with financial globalization, is among the causes of the recent international financial crisis. Neoliberal financial globalization (Washington Consensus) went along with reforms of labour and financial markets which caused income and wealth concentration to rise. All this contributed to the growth of debt bubbles in… 
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