Latin American income distribution is among the most unequal in the world. Both the poor and the wealthy have paid a price for this inequality, which is in part responsible for the region's low growth rates. The essays in this book propose new ways of reducing inequality, not by growth-inhibiting transfers and regulations, but by enhancing efficiency and eliminating consumption subsidies for the wealthy, increasing the productivity of the poor, and shifting to a more labour and skill-demanding growth path. In Beyond Tradeoffs, Latin American experts demonstrate how market-friendly measures in...