European and Latin American Experiences
New Directions in Post-Keynesian Economics series
Edited by Noemi Levy and Etelberto Ortiz
Chapter 7: Global disequilibria and the inequitable distribution of income
In the chapter, ‘Global disequilibria and the inequitable distribution of income,’ the author focuses on the income inequality generated by the disconnect between the financial and productive sectors, which is reflected in growing current account imbalances and large cross-border transactions, explained by the predominant monetary asymmetries in the current capitalist period, generated by the USA that holds the privilege of being the sole issuer of international money.
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