Crony Capitalism And Economic Growth In Latin America


Crony Capitalism And Economic Growth In Latin America
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Crony Capitalism And Economic Growth In Latin America


Crony Capitalism And Economic Growth In Latin America
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Author : Stephen Haber
language : en
Publisher: Hoover Institution Press
Release Date : 2013-11-01

Crony Capitalism And Economic Growth In Latin America written by Stephen Haber and has been published by Hoover Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-11-01 with Business & Economics categories.


Crony capitalism systems—in which those close to political policymakers receive favors allowing them to earn returns far above market value—are a fundamental feature of the economies of Latin America. Haber and his expert contributors draw from case studies in Mexico, Brazil, and other countries around the world to examine the causes and consequences of cronyism.



Crony Capitalism And Economic Growth In Latin America Theory And Evidence


Crony Capitalism And Economic Growth In Latin America Theory And Evidence
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Author : Stephen H. Haber
language : en
Publisher: Hoover Press
Release Date : 2002

Crony Capitalism And Economic Growth In Latin America Theory And Evidence written by Stephen H. Haber and has been published by Hoover Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Capitalism categories.


Crony capitalism systems?in which those close to political policymakers receive favors allowing them to earn returns far above market value?are a fundamental feature of the economies of Latin America. Haber and his expert contributors draw from case studies in Mexico, Brazil, and other countries around the world to examine the causes and consequences of cronyism.



Crony Capitalism And Economic Growth In Latin America


Crony Capitalism And Economic Growth In Latin America
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Author : Stephen Haber
language : en
Publisher:
Release Date : 2002-03-01

Crony Capitalism And Economic Growth In Latin America written by Stephen Haber and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-03-01 with Business & Economics categories.


Crony capitalism systems--in which those close to political policymakers receive favors allowing them to earn returns far above market value--are a fundamental feature of the economies of Latin America. Haber and his expert contributors draw from case studies in Mexico, Brazil, and other countries around the world to examine the causes and consequences of cronyism.



The Capitalist Revolution In Latin America


The Capitalist Revolution In Latin America
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Author : Paul Craig Roberts
language : en
Publisher: Oxford University Press
Release Date : 1997-04-17

The Capitalist Revolution In Latin America written by Paul Craig Roberts and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-04-17 with Business & Economics categories.


The political and social upheavals that have transformed the economies of Eastern Europe and the former Soviet Union during the past ten years have sparked considerable interest and speculation on the part of Western observers. Less noted, though hardly less dramatic, has been the revolutionary spread of free market capitalism throughout much of Latin America during the same period. In a wide-ranging survey that illuminates both the history and present business climate of the region, Paul Roberts and Karen Araujo describe the economic transformation currently taking place in Latin America. And as they do so, they also reexamine many of the prevailing orthodoxies concerning international development and the regulation of markets, and point to the success of privatization and free enterprise in Mexico, Argentina, and Chile as harbingers of the economic future for both hemispheres. The potential strength of the economies of Central and South America has always been obvious, the authors point out. Abundant natural resources, combined with vast expanses of fertile land and a sophisticated and relatively cohesive social culture, are found throughout the region. But the authors show that the Latin American nations were slow to discard the economic and social climate that they had inherited from their Spanish colonial masters, who had ruled by selling government jobs--creating a network of privilege--and by suppressing through over-regulation the development of markets for goods, services, and capital. The prevalent cultural attitude in Latin America was hostile to commerce, trade, and work--indeed, it was more socially acceptable to court government privilege than to compete in markets. The authors further show that U.S. aid packages to the region actually reinforced this culture of privilege and further hampered the growth of a free economy. Not until the 1980s did the picture begin to change, largely in response to the economic crises brought on through catastrophic national debts and hyperinflation. The book describes the efforts of the Salinas, Pinochet, and Menem governments to combat the established interests of the local elites and the international development agencies, to privatized state industries, and to established independent markets. In this new climate, private capitalists and entrepreneurs are feted and celebrated, and productivity has risen to levels unimagined only a few years before. But this dramatic economic turnaround, the authors show, is a mixed blessing for the U.S. For if it provides us with a vast new market for our goods, it has also created a powerful new competitor for capital investment. To keep American and foreign capitalists investing in America, the government needs to make changes, which the authors outline in a provocative conclusion. Central and South America have a combined population of 460 million people, a potential market greater than the United States and Canada combined or the European Community. Thus the rise of free market capitalism in Latin America is of vital interest to the United States. The Capitalist Revolution in Latin America provides an insightful portrait of this dramatic economic turn-around, illuminating the economic consequences for our own society.



Economic Growth In Latin America


Economic Growth In Latin America
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Author : Mr.Jose De Gregorio
language : en
Publisher: International Monetary Fund
Release Date : 1991-07-01

Economic Growth In Latin America written by Mr.Jose De Gregorio and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991-07-01 with Business & Economics categories.


This paper studies growth determinants in 12 Latin American countries during the period 1950-85. In a simple growth accounting framework, the share of labor in income is found to be lower in the sample group than in developed countries, while factor productivity growth accounts for a larger proportion of growth in the fastest growing countries in the sample. Using panel data, macroeconomic stability is found to play, in addition to investment (physical and human), a crucial role in growth. To a lesser extent, growth is negatively correlated with government consumption and political instability. The terms of trade appear to have no significant effect on growth.



State Capitalism S Uncertain Future


State Capitalism S Uncertain Future
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Author : Scott B. MacDonald
language : en
Publisher: Bloomsbury Publishing USA
Release Date : 2015-07-20

State Capitalism S Uncertain Future written by Scott B. MacDonald and has been published by Bloomsbury Publishing USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-07-20 with Business & Economics categories.


A provocative and timely look at the current state of global economics, particularly how the state-owned companies of Russia, China, Latin America, and other emerging markets are influencing how people work, how they consume, and how they prosper. The global economy is changing: experts are noting slow growth in the advanced economies, greater volatility in international markets, and the emergence of state-owned companies in the competitive marketplace. This forward-looking reference explores the role that state capitalism plays within the political structures of countries throughout the world. The text begins with an introduction to state capitalism, moves into an in-depth examination of several countries and regions, and concludes with a discussion on the future of state capitalism in the next decade. Coauthors Scott B. MacDonald and Jonathan Lemco examine the challenges that state-owned companies face in the global economy, including a weak legal and commercial infrastructure, a conflict of interest between politics and business, and massive corruption in local and regional governments. A close review of the perils of state capitalism based on meritocracy devolving into crony capitalism invites debate on the longevity of this economic system versus a free market economy.



Emerging Market Democracies


Emerging Market Democracies
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Author : Laurence Whitehead
language : en
Publisher: JHU Press
Release Date : 2002-09-16

Emerging Market Democracies written by Laurence Whitehead and has been published by JHU Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-09-16 with Political Science categories.


Over the 1980s Latin America made great strides in democratization, while East Asia led the world in economic growth. Are the two converging toward a model that combines economic and political liberalization? This text examines increased scope for mutual support among aspiring democratic forces.



Dependency And Development In Latin America


Dependency And Development In Latin America
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Author : Fernando Henrique Cardoso
language : en
Publisher: Univ of California Press
Release Date : 2024-03-29

Dependency And Development In Latin America written by Fernando Henrique Cardoso and has been published by Univ of California Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-03-29 with History categories.


At the end of World War II, several Latin American countries seemed to be ready for industrialization and self-sustaining economic growth. Instead, they found that they had exchanged old forms of political and economic dependence for a new kind of dependency on the international capitalism of multinational corporations. In the much-acclaimed original Spanish edition (Dependencia y Desarrollo en América Latina) and now in the expanded and revised English version, Cardoso and Faletto offer a sophisticated analysis of the economic development of Latin America. The economic dependency of Latin America stems not merely from the domination of the world market over internal national and "enclave" economies, but also from the much more complex interact ion of economic drives, political structures, social movements, and historically conditioned alliances. While heeding the unique histories of individual nations, the authors discern four general stages in Latin America's economic development: the early outward expansion of newly independent nations, the political emergence of the middle sector, the formation of internal markets in response to population growth, and the new dependence on international markets. In a postscript for this edition, Cardoso and Faletto examine the political, social and economic changes of the past ten years in light of their original hypotheses.



After The Washington Consensus


After The Washington Consensus
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Author : Pedro-Pablo Kuczynski
language : en
Publisher: Columbia University Press
Release Date : 2003-03-26

After The Washington Consensus written by Pedro-Pablo Kuczynski and has been published by Columbia University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-03-26 with Business & Economics categories.


This volume is a successor of sorts to the Institute's 1986 volume Toward Renewed Economic Growth in Latin America, which blazed the trail for the market-oriented economic reforms that were adopted in Latin America in the subsequent years. It again presents the work of a group of leading Latin American economists who were asked to think about the nature of the economic policy agenda that the region should be pursuing after a decade that was punctuated by crises, achieved disappointingly slow growth, and saw no improvement in the region's highly skewed income distribution. The study diagnoses the first-generation (liberalizing and stabilizing) reforms that are still lacking, the complementary second-generation (institutional) reforms that are necessary to provide the institutional infrastructure of a market economy with an egalitarian bias, and the new initiatives that are needed to crisis-proof the economies of the region to end its perpetual series of crises. Contributors: Daniel Artana, Nancy Birdsall, Roberto Bouzas, Saúl Keifman, Pedro-Pablo Kuczynski, Ricardo López Murphy, Claudio de Moura Castro, Fernando Navajas, Patricio Navia, Liliana Rojas-Suarez, Jaime Saavedra, Miguel Székely, Andrés Velasco, John Williamson, and Laurence Wolff.



Economic Growth In Latin America In The Late 20th Century


Economic Growth In Latin America In The Late 20th Century
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Author : Andrés Solimano
language : en
Publisher: UN
Release Date : 2005

Economic Growth In Latin America In The Late 20th Century written by Andrés Solimano and has been published by UN this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Political Science categories.


The purpose of this paper is to advance our understanding of the growth patterns of the Latin American economy in the final decades of the 20th century. The paper focuses on the analysis of medium-to-long run growth, as opposed to the standard discussion of the determinants of high frequency fluctuations (business cycles), and disentangles the contribution of factor accumulation and total factor productivity. It also aims to understand the spells of prosperity and stagnation in several important economies of the region, as well as identify stories of growth decline and divergence in recent decades.