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Research Interests


The economic development of Latin America and East Asia

Recent Publications


Published Papers

Palma, J. G. Why corporations in developing countries are likely to be even more susceptible to the vicissitudes of international finance than their counterparts in the developed world: A Tribute to Ajit Singh, (2016) Economic and Labour Relations Review
Palma, J. G. Has the Income Share of the Middle and Upper-middle Been Stable around the '50/50 Rule', or has it Converged towards that Level? The 'Palma Ratio' Revisited, (2014) Development and Change
Palma, J. G. How to create a financial crisisby trying to avoid one: the Brazilian 1999-financial collapse as "Macho-Monetarism" can't handle "Bubble Thy Neighbour" levels of inflows, (2014) Brazilian Journal of Political Economy
Palma, J. G. Homogeneous middles vs. heterogeneous tails, and the end of the 'inverted-U': It's all about the share of the rich., (2011) Development and Change
Palma, J. G. The revenge of the market on the rentiers. Why neo-liberal reports of the end of history turned out to be premature, (2009) Cambridge Journal of Economics

Cambridge Working Papers in Economics

Palma, J. G. Do nations just get the inequality they deserve? The 'Palma Ratio' re-examined, (2016) CWPE1627
Palma, J. G. Why corporations in developing countries are likely to be even more susceptible to the vicissitudes of international finance than their counterparts in the developed world: A Tribute to Ajit Singh, (2015) CWPE1539
Palma, J. G. Has the income share of the middle and upper-middle been stable over time, or is its current homogeneity across the world the outcome of a process of convergence? The 'Palma Ratio' revisited , (2014) CWPE1437
Palma, J. G. Latin America's socail imagination since 1950. From one type of 'absolute certainties' to another - with no (far more creative)'uncomfortable uncertainties' in sight,, (2014) CWPE1416
Palma, J. G. How to create a financial crisis by trying to avoid one: the Brazilian 1999-financial collapse as "Macho-Monetarism" can't handle "Bubble Thy Neighbour" levels of inflows, (2013) CWPE1301

Chapter in Book

Palma, J. G. How the full opening of the capital account to highly liquid financial markets led Latin America to two and a half cycles of "mania, panic and crash", (2012) in the book: The handbook of the political economy of financial crises - Oxford University Press
Palma, J. G. Why has productivity growth stagnated in most Latin American countries since the neo-liberal reforms?, (2011) in the book: The Oxford Handbook of Latin American Economics - Oxford University Press
Palma, J.G. How financial liberalization led in the 1990s to three different cycles of ‘manias, panics and crashes’ in middle-income countries, (2010) in the book: Capital without borders: challenges to development - Anthem Press
Palma, J. G. Flying-geese and waddling-ducks: the different capabilities of East Asia and Latin America to 'demand-adapt' and 'supply-upgrade' their export productive capacity, (2009) in the book: Industrial Policy and Development: The Political Economy of Capabilities Accumulation - Oxford University Press
Ocampo, J. A., Palma, J. G. The Role of Preventative Capital Account Regulations, (2008) in the book: Capital Market Liberalization and Development - Oxford University Press

Recent Activities


The Washington Post explains the ‘Palma ratio’, a new way of measuring income inequality. - Publication Date: 2013-10-21
The Washington Post explains why many development experts have come to prefer something now called the Palma ratio as a measurement of inequality. The ratio is named after Gabriel Palma


Dr Jose Gabriel Palma












Emeritus Senior Lecturer

Research Group:
Alternative approaches to economics, history of economic thought, and methodology

CV: Curriculum Vitae


Contact Details
Email: jgp5@cam.ac.uk