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Latin America and the Asian Giants: Evolving Ties with China and India
by Guadalupe Paz Riordan RoettHow an evolving relationship with China and India is changing Latin America's political and economic dynamics.In the years since China has adopted a "going global" strategy to promote its overseas investment, expand export markets, and gain much-needed access to natural resources abroad, Sino-Latin American relations have both deepened and broadened at an unexpectedly rapid pace. The main driver behind this sea change in bilateral relations has been economic complementarity, with resource-rich countries in Latin America exporting primary goods to the Asian giants' growing market and China exporting manufactured goods back into the region. In recent years, Sino-Latin American relations have matured considerably, becoming far more nuanced and multifaceted than ever before.India is a relatively new player in the region, but has slowly strengthened its ties. As one of Asia's largest markets, it offers interesting parallels to the Chinese case. Will Indo-Latin American ties follow a similar path? The main areas of growth include trade and investment, mining, energy, information technology, motor vehicle production, and pharmaceuticals. To what extent these changing dynamics will redefine Latin America's relations with India is a question of increasing relevance for policymakers.This volume offers a review of key cross-regional trends and critical policy issues involving the changing relationship between these two Asian giants and Latin America. Selected country case studies-Argentina, Brazil, Chile, and Mexico-provide a more in-depth analysisof the implications of China's and India's evolving interaction with the region.
Latin America and the Rising South
by World BankThe world economy is not what it used to be twenty years ago. For most of the 20th century, the world economy was characterized by developed (North) countries acting as 'center' to a 'periphery' of developing (South) countries. However, the recent rise of developing economies suggests the need to go beyond this North-South dichotomy. This tectonic re-configuration of the global landscape has brought about significant changes to countries in the Latin America and Caribean (LAC) region. The time is ripe for an in-depth analysis of the dynamics and nature of LAC's external connections.This latest volume in the World Bank Latin American and Caribbean Studies series will focus on the implications of these trends for the economic development of LAC countries. In particular, trade, financial, macroeconomic, and sectoral shifts, as well as labor-market aspects will be systematically analyzed.
Latin America Facing China
by Alex E. Fernandez JilbertoThe last quarter of the twentieth century was a period of economic crises, increasing indebtedness as well as financial instability for Latin America and most other developing countries; in contrast, China showed amazingly high growth rates during this time and has since become the third largest economy in the world. Based on several case studies, this volume assesses how China's rise - one of the most important recent changes in the global economy - is affecting Latin America's national politics, political economy and regional and international relations. Several Latin American countries benefit from China's economic growth, and China's new role in international politics has been helpful to many leftist governments' efforts in Latin America to end the Washington Consensus. The contributors to this thought provoking volume examine these and the other causes, effects and prospects of Latin America's experiences with China's global expansion from a South - South perspective.
Latin America Facing China
by Alex E. Fernandez Jilberto† Barbara HogenboomThe last quarter of the twentieth century was a period of economic crises, increasing indebtedness as well as financial instability for Latin America and most other developing countries; in contrast, China showed amazingly high growth rates during this time and has since become the third largest economy in the world. Based on several case studies, this volume assesses how China's rise - one of the most important recent changes in the global economy - is affecting Latin America's national politics, political economy and regional and international relations. Several Latin American countries benefit from China's economic growth, and China's new role in international politics has been helpful to many leftist governments' efforts in Latin America to end the Washington Consensus. The contributors to this thought provoking volume examine these and the other causes, effects and prospects of Latin America's experiences with China's global expansion from a South - South perspective.
Latin America Global Insertion, Energy Transition, and Sustainable Development (Elements in the Economics of Emerging Markets)
by Leonardo E. StanleyThis Element focuses on Latin American fossil fuel producer countries and how they are dealing with the transition towards a greener energy matrix. The challenges involved are multiple and ethical in substance. In particular, a worldwide expansion in clean energies would reduce climate change, physical risks. A rapid transition, however, induces the irruption of a new (financial) risk. The energy transition, in addition, could be thought of as a new arena for political disputes. Finally, it evaluates the relevance of monetary policy and financial regulation to tackle the issue from a macro perspective. Energy transition, however, have also long-term but uncertain consequences on the national economy. Henceforth, and in order to minimize risks, a long-term, strategic vision of the challenge confronted by the region becomes mandatory. To tackle all these problems, this Element profits from contributions of different disciplines.
Latin America in the Time of Cholera: Electoral Politics, Market Economics, and Permanent Crisis (Routledge Revivals)
by James Petras Morris MorleyFirst published in 1992, Latin America in the Time of Cholera questions many ideas regarding the advent of a new era of democracy, peace, and north-south cooperation for development in the post-Cold War period by challenging several myths that shape United States policy toward Latin America. James Petras and Morris Morley trenchantly argue that electoral regimes and free markets in the hemisphere have not improved people’s lives, that Washington’s neo-conservative allies do not have a viable future, and that the end of the Cold War has not lessened U. S. interventionist behavior in Latin America.This book utilizes empirical and historical analyses and provides a unique interpretive framework that focuses on U. S. involvement in the so-called democraticization of Latin America. It also presents a lively combination of both case studies and critiques of contemporary power relations. This compelling account of Latin America will be an invaluable resource for academics, policymakers, journalists, and anyone who wishes to make sense of tumultuous events in this region.
Latin America In The World Economy
by Frederick Stirton WeaverLatin America in the World Economy considers the dual aspect of Latin American development: how external factors (phases of world capitalism since Columbus) interweave with internal factors (Latin American culture, politics, and social groups). Within his skillful approach, Weaver demonstrates how domestic social conflicts and power relations have consistently capitalized on changes in the international economy, while, conversely, engagement with the international economy has consistently constrained local struggles and patterns of change. With over half of the book dedicated to the "short" twentieth century (after 1930), Latin America in the World Economy is appropriate for courses in Latin American economic history, political economy, and development.
Latin America Since the Left Turn (Democracy, Citizenship, and Constitutionalism)
by Tulia G. Falleti Emilio A. ParradoIn the early twenty-first century, the citizens of many Latin American countries, such as Argentina, Bolivia, Brazil, Ecuador, and Venezuela, elected left-wing governments, explicitly rejecting and attempting to reverse the policies of neoliberal structural economic adjustment that had prevailed in the region during the 1990s. However, in other countries such as Chile, Colombia, Mexico, and Peru continuity and even extension of the neoliberal agenda have been the norm.What were the consequences of rejecting the neoliberal consensus in Latin America? Why did some countries stay on the neoliberal course? Contributors to Latin America Since the Left Turn address these questions and more as they frame the tensions and contradictions that currently characterize Latin American societies and politics. Divided into three sections, the book begins with an examination of the political economy, from models of development, to taxation and spending patterns, to regionalization of trade and human migration. The second section analyzes the changes in democracy and political identities. The last part explores the themes of citizenship, constitutionalism, and new forms of civic participation. With essays by the foremost scholars in the field, Latin America Since the Left Turn not only delves into the cases of specific countries but also surveys the region as a whole.Contributors: Isabella Alcañiz, Sandra Botero, Marcella Cerrutti, George Ciccariello-Maher, Tula G. Falleti, Roberto Gargarella, Adrian Gurza Lavalle, Juliet Hooker, Evelyne Huber, Ernesto Isunza Vera, Nora Lustig, Paulina Ochoa Espejo, Emilio A. Parrado, Claudiney Pereira, Thamy Pogrebinschi, Irina Carlota Silber, David Smilde, John D. Stephens, Maristella Svampa, Oscar Vega Camacho, Gisela Zaremberg.
Latin America vs East Asia: A Comparative Development Perspective
by Jingyuan LinThis study makes a solid case for the now prevalent contention that the development model of East Asian NICs is less costly (i.e. over inflation levels and more equitable income distribution), more adaptive to fluctuating would market conditions (eg. successful adjustment to the two oil crises) and more sustainable (i.e. high growth rates, even in the turbulent 1970s) than that of the Latin American NICs. In considering these issues, this book examines the major Latin American countries' economic problems and development experiences in light of the more successful stabilization and development experiences of the East Asian countries, Taiwan and South Korea in particular.
Latin American and Caribbean Perspectives on the Development of Public Relations: Other Voices
by Tom WatsonThe National Perspectives on the Development of Public Relations: Other Voices series is the first to offer an authentic world-wide view of the history of public relations. It will feature six books, five of which will cover continental and regional groups. This book in the series focuses on Latin America and the Caribbean.
Latin American and Iberian Entrepreneurship: New Perspectives on Culture, Traditions and Heritage (Contributions to Management Science)
by João Leitão Vanessa Ratten Vitor BragaLatin American and Iberian entrepreneurship represents a special kind of innovation, risk-taking, and futuristic business activity based on a common cultural heritage. There has been an increased interest in entrepreneurship related to specific cultural groups, and this edited book will be among the first to provide a Latin American and Iberian perspective to the study of entrepreneurship, thereby acknowledging the role of the Spanish and Portuguese diaspora and language on the global economy. Each chapter will focus on a different aspect of entrepreneurship related to countries within Latin America and Iberia. By combining both geographical groups, the authors aim to provide a better understanding of how Latin culture permeates entrepreneurial business activities.
Latin American Business: Equity Distortion in Regional Resource Allocation in Brazil
by Werner Baer Geoffrey HewingsExamine the costs and benefits of fiscal "wars" between Brazilian statesLatin American Business examines Brazil&’s use of fiscal incentives to attract investors to help remedy disparities in the country&’s regional distribution of income. Since the 1990s, individual Brazilian states have taken the initiative in trying to lure domestic and foreign firms to locate within their borders, targeting the automotive industry, textiles, and shoe production. But their efforts have led to mixed results and questions about whether these fiscal wars have been legitimate attempts at regional economic development or simply a distortion in the allocation of resources. This insightful collection of case studies and essays sheds considerable light on the issue. For several generations, the notion has been debated both in advanced industrial countries and in developing countries that regional differences in income will gradually be eliminated as poor regions (where money is scare but labor is not) benefit from the inflow of investments. In reality, this has rarely happened; Latin American Business examines why that has been the case in Brazil. The book&’s contributors fuel this continuing debate, analyzing topics that include Bahia&’s efforts to attract a Ford plant, the Mercedes-Benz project in Juiz de Fora, the case of Renault in Paraná, fiscal incentive programs in Pernambuco, and the tax incentive policies of Ceará. Latin American Business includes: an evaluation of the costs and benefits of federal and state incentives given to Ford Motor Company to attract a plant in Bahia an analysis of the use of state and municipal incentives by the state of Minas Gerais in dealing with Mercedes-Benz Corporation a look at Paraná&’s agreement with Renault and the degree to which it has created jobs and attracted other investments an examination of structural changes in the Brazilian automotive industry a look at the Brazilian automotive industry in the 1990s an evaluation of the results of Pernambo&’s fiscal incentives program from 1996 to 2003 a discussion of the economic logic for tax incentives a look at the economic effects of regional tax incentives and much moreLatin American Business is an essential resource for academics, business practitioners, public policymakers, and anyone working in the international development community.
Latin American Business Cultures
by Robert Crane Carlos RizowyHow often has an American or European businessman been astonished to have his Mexican or Brazilian counterpart break off discussions without explanation and refuse to return his calls? This book helps non-Latin American businessmen or MBA students address the region. If you want to study or work in Latin America this is a must read.
The Latin American Development Debate: Neostructuralism, Neomonetarism, And Adjustment Processes
by Patricio MellerIn the 1980s Latin America experienced its second worst economic crisis of the century; today the average per capita income is about 10 percent less than a decade ago. Because the crisis affected all Latin American countries regardless of their economic policies, the period has become known as "the lost decade in Latin America." In this book, eminent economists from the region reexamine strategies of development—structuralism versus monetarism, liberalism versus statism, growth versus equity—in light of new theoretical knowledge and recent economic events. The essays offer a complex interpretation of development problems and seek to explain how different schools of thought could be compatible and how old debates must be recast in the light of structural changes in Latin American economies. In addition, contributors critically review the adjustment processes applied in various countries. Together the chapters offer a penetrating analysis of what went wrong in Latin America in the 1980s and a careful assessment of economic measures and policies that might prove viable in promoting stable and growing economies, democratic regimes, and social justice.
Latin American Development Priorities: Costs and Benefits
by Bjørn LomborgMany countries in Latin America and the Caribbean have achieved considerable economic growth, yet the region still faces many seemingly intractable problems. The conventional wisdom in development agencies - that prioritization is impossible and that everything must be done - is simply not effective. Latin American Development Priorities shows how limited resources could be used for the greatest benefit of the Latin American and Caribbean region. A panel of economists met over three days in San José to review proposals to tackle the ten most important challenges, which emerged from a survey by the Inter-American Development Bank. The expert panel was asked a question which appears simple but is actually very difficult to answer: What should Latin American governments do with an additional nominal $10 billion? Hard choices are needed if Latin America's problems are to be tackled effectively. This book provides the means to make those choices as objectively as possible.
Latin American Economic Development
by Javier A. Reyes W. Charles SawyerLatin America is one of the most intriguing parts of the world. The region’s illustrious history, culture, and geography are famous internationally, but in terms of economics, Latin America has been generally associated with problems. For many, the combination of a resource rich region and poor economic conditions has been a puzzle. This extensively revised and updated second edition of Latin American Economic Development continues to provide the most up to date exploration of why the continent can be considered to have underperformed, how the various Latin American economies function, and the future prospects for the region. The book addresses the economic problems of Latin America theme by theme. Changes and new features in this new edition include: Expanded coverage of how institutions affect economic growth in Latin America Many new boxes and questions for review and discussion New material on how climate change affects the region Updated material to reflect the ongoing macroeconomic stability of the past decade A new chapter on the political economy of Latin America The book provides a comprehensive text for undergraduate economics courses on Latin America, and is also suitable for use by students in other disciplines looking for a wide-ranging guide to the region. This book will continue to be an invaluable resource for undergraduates looking at Latin American economics, growth, and development.
Latin American Economic Development (Routledge Textbooks in Development Economics)
by Javier A. Reyes W. Charles SawyerLatin America is one of the most intriguing parts of the world. The region’s illustrious history, culture, and geography are famous internationally, but in terms of economics, Latin America has been generally associated with problems. For many, the combination of a resource-rich region and poor economic conditions has been a puzzle.This extensively revised and updated third edition of Latin American Economic Development continues to provide the most up-to-date exploration of why the continent can be considered to have underperformed, how the various Latin American economies function, and the future prospects for the region. The book addresses the economic problems of Latin America theme by theme.Changes and new features in this new edition include: • a new chapter on economic growth that reflects the new understanding of slow growth in the region;• two new appendices on basic microeconomics and macroeconomics;• expanded coverage on new commodities such as lithium and quinoa;• a number of new boxes and updates to existing boxes. The book provides a comprehensive text for undergraduate economics courses on Latin America and is also suitable for use by students in other disciplines looking for a wide-ranging guide to the region. This book will continue to be an invaluable resource for undergraduates looking at Latin American economics, growth, and development.
Latin American Entrepreneurs
by Daniel Lederman Julian Messina Jamele Rigolini Samuel PienknaguraEntrepreneurship -- manifested in the entry of new firms or products into new markets, or substantial improvements in technological capacity or process innovation by incumbent firms -- is widely considered to be an important ingredient for long term economic development. This report argues that entrepreneurship is also a source of employment generation, export growth, and resilience during economic downturns. Although the conventional wisdom suggests that Latin American and Caribbean countries underperform relative to China and other emerging markets in terms of its entrepreneurial dynamism, this report provides evidence suggesting that the region is characterized by substantial entrepreneurship. The main challenge in the region is not a lack of entrepreneurs, but rather their relatively low level of innovation and the slow growth of incumbent firms. The report discusses the nature of new entrants into markets and the factors that might help stimulate private-sector innovation after firms have survived the initial test of market competition.
Latin American Experiments in Neoconservative Economics
by Alejandro FoxleyThis title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1983.
Latin American Migrations to the U.S. Heartland: Changing Social Landscapes in Middle America
by Linda Allegro Andrew Grant WoodResponding to inaccuracies concerning Latino immigrants in the United States as well as an anti-immigrant strain in the American psyche, this collection of essays examines the movement of the Latin American labor force to the central states of Oklahoma, Kansas, Nebraska, Arkansas, Missouri, and Iowa. Contributors look at the outside factors that affect migration including corporate agriculture, technology, globalization, and government, as well as factors that have attracted Latin Americans to the Heartland including religion, strong family values, hard work, farming, and cowboy culture. Several essays also point to hostile neoliberal policy reforms that have made it difficult for Latino Americans to find social and economic stability. The varied essays in Latin American Migrations to the U.S. Heartland seek to reveal the many ways in which identities, economies, and geographies are changing as Latin Americans adjust to their new homes, jobs, and communities. Contributors are Linda Allegro, Tisa M. Anders, Scott Carter, Caitlin Didier, Miranda Cady Hallett, Edmund Hamann, Albert Iaroi, Errol D. Jones, Jane Juffer, Laszlo J. Kulcsar, Janelle Reeves, Jennifer F. Reynolds, Sandi Smith-Nonini, and Andrew Grant Wood.
Latin American Peasants
by Tom BrassThe essays in this collection examine agrarian transformation in Latin America and the role in this of peasants, with particular reference to Bolivia, Peru, Chile, Brazil and Central America. Among the issues covered are the impact of globalization and neo-liberal economic policies.
Latin American Theories of Development and Underdevelopment (Routledge Library Editions: Development)
by Cristóbal KayUpon its publication in 1989, this was the first systematic and comprehensive analysis of the Latin American School of Development and an invaluable guide to the major Third World contribution to development theory. The four major strands in the work of Latin American Theorists are: structuralism, internal colonialism, marginality and dependency. Exploring all four in detail, and the interconnections between them, Cristobal Kay highlights the developed world’s over-reliance on, and partial knowledge of, dependency theory in its approach to development issues, and analyses the first major challenges to neo-classical and modernisation theories from the Third World.
Latin American-u.s. Economic Relations, 1982-1983
by Avraham SelaThis book, prepared by the Permanent Secretariat of the Latin American Economic System (SFXA), analyzes a range of factors in the current economic policies of the United States that affect Latin American and Caribbean countries. In particular, it pinpoints the effects of U.S. monetary policy on the region's economies and trade relations and on the
Latin America's Emerging Middle Classes
by Jeff Dayton-JohnsonWhat does it mean to be middle-class in Latin America? How is the middle class changing? What are the implications for economic development? Many look to the emergence of a middle class as a sign of Latin America's success in reducing poverty and inequality, a claim this book confirms. Political and business leaders hope that a booming middle class will drive economic growth and support progressive but not revolutionary political platforms, lending economic and democratic stability to countries long wracked by volatility. The contributors document the remarkable emergence of this middle group in Latin America (whose measurement turns out not to be an easy task). However, the authors consider it premature to declare middle-class Latin Americans ready to serve as a motor for economic growth or guarantors of democratic consolidation. Smart policies can nevertheless protect middle classes from poverty and allow them to fulfil the hopes invested in them.
Latin America's New Left and the Politics of Gender
by Karen KampwirthThe majority of Latin Americans now live in countries that are governed by democratically elected governments on the political left, which is unprecedented in that region. This book analyzes this occurrence by asking a question that up until now has been largely ignored in the literature on the contemporary Latin American left: to what extent have these governments governed with, and promoting the interests of, the women's movements that are an important part of their base of support? This question is examined by focusing on a critical case that is rarely analyzed in the literature on the new Latin American left, the case of Nicaragua. The broader implications for Latin America will be shown, making this book of interest to researchers and graduate students in Latin American studies as well as gender studies and political science.