The Politics of Market Discipline in Latin America

The Politics of Market Discipline in Latin America

Author: Daniela Campello

Publisher: Cambridge University Press

Published: 2015-04-16

Total Pages: 255

ISBN-13: 1316239950

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The Politics of Market Discipline in Latin America uses a multi-method approach to challenge the conventional wisdom that financial markets impose broad and severe constraints over leftist economic policies in emerging market countries. It shows, rather, that in Latin America, this influence varies markedly among countries and over time, depending on cycles of currency booms and crises exogenous to policy making. Market discipline is strongest during periods of dollar scarcity, which, in low-savings commodity-exporting countries, occurs when commodity prices are high and international interest rates low. In periods of dollar abundance, when the opposite happens, the market's capacity to constrain leftist governments is very limited. Ultimately, Daniela Campello argues that financial integration should force the Left toward the center in economies less subject to these cycles, but not in those most vulnerable to them.


The Politics of Market Discipline in Latin America

The Politics of Market Discipline in Latin America

Author: Daniela Campello

Publisher: Cambridge University Press

Published: 2015-04-16

Total Pages: 255

ISBN-13: 1107039258

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This book uses a multi-method approach to challenge the notion that financial markets exert a broad influence over economic policy making in emerging economies.


The Volatility Curse

The Volatility Curse

Author: Daniela Campello

Publisher: Cambridge University Press

Published: 2020-11-05

Total Pages: 261

ISBN-13: 1108841791

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Economic voting is common around the world, but in many developing countries economic performance is dependent on exogenous international factors.


The Politics of Freeing Markets in Latin America

The Politics of Freeing Markets in Latin America

Author: Judith A. Teichman

Publisher: Univ of North Carolina Press

Published: 2003-01-14

Total Pages: 302

ISBN-13: 0807875074

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In the 1980s and 1990s, nations throughout Latin America experienced the dual transformations of market liberalizing reforms and democratization. Since then, perhaps no issue has been more controversial among those who study the region than the exact nature of the relationship between these two processes. Bringing a much-needed comparative perspective to the discussion, Judith Teichman examines the politics of market reform in Chile, Argentina, and Mexico, analyzing its implications for democratic practices in each case. Teichman considers both internal and external influences on the process of Latin American market reform, anchoring her investigation in the historical, political, and cultural contexts unique to each country, while also highlighting the important role played by such international actors as the World Bank and the International Monetary Fund (IMF). Informed by interviews with more than one hundred senior officials involved in the reform process, her analysis reveals that while the initial stage of market reform is associated with authoritarian political practices, later phases witness a rise in the importance of electoral democracy. She concludes, however, that the legacy of authoritarian decision making represents a significant obstacle to substantive democratization.


Technopols

Technopols

Author: Jorge I. Domínguez

Publisher: Penn State Press

Published: 2010-11-01

Total Pages: 308

ISBN-13: 9780271043401

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In recent years first Chile, then Argentina, Brazil, and Mexico have abandoned decades-old authoritarian political regimes and state-directed economic strategies and moved toward democratized politics and freer markets. This volume seeks to understand the key roles of "technopols"--technically skilled, politically savvy leaders--in these transformations. It is based in part on elite interviews with each of the leaders discussed: Domingo Cavallo of Argentina, Pedro Aspe of Mexico, Fernando Henrique Cardoso of Brazil, and Evelyn Matthei and Alejandro Foxley of Chile. All are major social scientists turned politicians who, the authors argue here, have themselves contributed to the formulation of the ideas that they eventually came to implement in their respective governments. Contributors are Jorge I. Domínguez, Javier Corrales, Stephanie R. Cobb, João Resende-Santos, Delia M. Boylan, and Jeanne Kinney Giraldo.


The Market and the Masses in Latin America

The Market and the Masses in Latin America

Author: Andy Baker

Publisher:

Published: 2014-05-14

Total Pages: 358

ISBN-13: 9780511508660

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Baker argues that a political economy of consumption has replaced a previously dominant politics of labor and class in Latin America.


The Political Economy of Latin America

The Political Economy of Latin America

Author: Peter Kingstone

Publisher: Routledge

Published: 2018-03-09

Total Pages: 252

ISBN-13: 1317404475

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This brief text offers an unbiased reflection on debates about neoliberalism and its alternatives in Latin America with an emphasis on the institutional puzzle that underlies the region’s difficulties with democratization and development. In addition to providing an overview of this key element of the Latin American political economy, Peter Kingstone also advances the argument that both state-led and market-led solutions depend on effective institutions, but little is known about how and why they emerge. Kingstone offers a unique contribution by mapping out the problem of how to understand institutions, why they are created, and why Latin American ones limit democratic development. This timely and thorough update includes: A fresh discussion of the commodity boom in the region and the resulting "Golden Era" in Latin America; The recent explosion of social policy innovation and concerns about the durability of social reform after the boom; A discussion of the knowledge economy and the limits to economic growth, with case studies of successful examples of fostering innovation.


What Kind of Democracy? What Kind of Market?

What Kind of Democracy? What Kind of Market?

Author: Philip D. Oxhorn

Publisher: Penn State Press

Published: 1998-12-03

Total Pages: 161

ISBN-13: 0271042567

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While there is much literature analyzing the politics of implementing economic reforms, very little has been written on the social and political consequences of such reforms after they have been implemented. The basic premise of this book is that the convergence of many social, economic, and political ills (such as high levels of poverty, income inequality, criminal violence, and the growth of the informal sector) in the context of unprecedented levels of political democratization in Latin America presents a paradox that needs to be explained. What Kind of Democracy? demonstrates how the myriad social problems throughout the region are intimately linked both to a new economic development model and the weaknesses of Latin American democracy. This volume brings together prominent scholars from Canada, the United States, and Latin America, representing several different disciplines to analyze ongoing processes of economic, social, and political change in the region. The contributors are Werner Baer, Manuel Barrera, Juan Alberto Fuentes, Yoshiaki Nakano, Claudio Paiva, Luiz Carlos Bresser Pereira, Jean-François Prud'homme, Jorge Schvarzer, Francisco Weffort, and Francisco Zapata.


The Political Economy of Emerging Markets

The Political Economy of Emerging Markets

Author: J. Santiso

Publisher: Palgrave Macmillan

Published: 2005-10-19

Total Pages: 255

ISBN-13: 9781403969033

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This book takes a cross-disciplinary look at the financial markets of emerging markets in Latin America. The author wants to disassemble the black box that is the financial market: what are the motivations and interests of the various actors, both institutional and individual?; How do these interact with each other?; How does this information help us understand the Mexican crisis in the 90s and the current crisis in Argentina? The author has conducted extensive interviews with brokers, asset managers, economists, strategists, and analysts in the US, UK, Europe, and Latin America, providing significant material for this study.


Vernacular Latin Americanisms

Vernacular Latin Americanisms

Author: Fernando Degiovanni

Publisher: University of Pittsburgh Press

Published: 2018-12-01

Total Pages: 381

ISBN-13: 0822986353

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In Vernacular Latin Americanisms, Fernando Degiovanni offers a long-view perspective on the intense debates that shaped Latin American studies and still inform their function in the globalized and neoliberal university of today. By doing so he provides a reevaluation of a field whose epistemological and political status has obsessed its participants up until the present. The book focuses on the emergence of Latin Americanism as a field of critical debate and scholarly inquiry between the 1890s and the 1960s. Drawing on contemporary theory, intellectual history, and extensive archival research, Degiovanni explores in particular how the discourse and realities of war and capitalism have left an indelible mark on the formation of disciplinary perspectives on Latin American cultures in both the United States and Latin America. Questioning the premise that Latin Americanism as a discipline comes out of the tradition of continental identity developed by prominent intellectuals such as José Martí, José E. Rodó or José Vasconcelos, Degiovanni proposes that the scholars who established the discipline did not set out to defend Latin America as a place of uncontaminated spiritual values opposed to a utilitarian and materialist United States. Their mission was entirely different, even the opposite: giving a place to culture in the consolidation of alternative models of regional economic cooperation at moments of international armed conflict. For scholars theorizing Latin Americanism in market terms, this meant questioning nativist and cosmopolitan narratives about identity; it also meant abandoning any Bolivarian project of continental unity or of socialist internationalism.