The causes and consequences of high inequality in incomes, assets, and many aspects of well-being in Latin America have recently (re-)emerged as a central research and policy issue. However, many open questions remain that will be dealt with in the contributions to this volume. First, the linkages between growth, inequality, and poverty in Latin America need further clarification. More analyses at the country and even sub-national level are required to understand these complex relationships and their most important determinants. Of particular relevance is to examine these relationships in the Latin American context of high economic instability with recurrent economic and financial crises, particularly in the 1990s. Secondly, measuring and addressing poverty remains a critical research area, in particular non-monetary including subjective indicators of well-being often tell a different story that needs to be considered when analyzing poverty trends and determinants. Lastly, the poverty/inequality issues need to be considered in an economic environment, where trade, migration, and economic integration are of particular importance. Thus the role of trade and migration in generating, sustaining, or reducing inequalities between and within countries is an area that requires further analysis.

Contents: Stephan Klasen/Felicitas Nowak-Lehmann D.: Introduction - Verónica Amarante: Growth and Inequality in Latin America - Rosa Fontes/Elydia Silva/Luiz F. Alves/Geraldo E.S. Júnior: Growth, Inequality and Poverty: Some Empirical Evidence from Minas Gerais State, Brazil - Adriana R. Cardozo Silva: Pro-Poor Growth in Colombia from 1996 to 2005 - Melanie Khamis: Crisis and Recovery in Argentina: Labor Market, Poverty, Inequality and Pro-Poor Growth Dynamics - María Emma Santos: Factors Influencing Income Inequality across Urban Argentina (1998-2003) - Javier Herrera/Mireille Razafindrakoto/François Roubaud: The Determinants of Subjective Poverty: A Comparative Analysis in Madagascar and Peru - Hans G.P. Jansen/Paul B. Siegel/Jeffrey Alwang/Francisco Pichón: Geography, Livelihoods and Rural Poverty in Honduras: An Empirical Analysis using an Asset-based Approach - Leonardo Auernheimer: Trade versus Migration, and the Role of Diversity: A Simple Analytical Framework - Alessia Lo Turco: South-South Trade Agreements, Location of Production and Inequality in Latin America.

The Editors: Stephan Klasen is Professor of Economics at the University of Göttingen and director of the Ibero-America Institute for Economic Research. He has held positions at the World Bank, the University of Cambridge, UK, and the University of Munich. His research focuses on issues of poverty and inequality in developing countries.
Felicitas Nowak-Lehmann is a researcher at the Ibero-America Institute for Economic Research, and research associate at the Center for European, Governance and Economic Development Research (CEGE). She has held positions at the University of Göttingen and the Freie Universität Berlin. Her research focuses on issues of trade integration and trade policy in developing countries.