[Capítulo II: Bienestar y distribución del Ingreso] La verdad sobre "The Spillover Effect". Paul Krugman

The famous "spillover" that "Washington Concensus' advocates" promised would happen in Argentina in the 90's ...doesn't even apply to the U.S. when the labor market is weak. !!! Higher productivity doesn't translate to higher salaries if unemployment is high.

Leer "Our so called boom" de Paul Krugman en el NY Times
http://www.nytimes.com/2003/12/30/opinion/30KRUG.html