The Politics of Market Discipline in Latin America

The Politics of Market Discipline in Latin America PDF Author: Daniela Campello
Publisher: Cambridge University Press
ISBN: 1316239950
Category : Political Science
Languages : en
Pages : 255

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Book Description
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 PDF Author: Daniela Campello
Publisher: Cambridge University Press
ISBN: 1316239950
Category : Political Science
Languages : en
Pages : 255

Get Book Here

Book Description
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 PDF Author: Daniela Campello
Publisher: Cambridge University Press
ISBN: 1107039258
Category : Business & Economics
Languages : en
Pages : 255

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Book Description
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 Politics of Market Discipline in Latin America

The Politics of Market Discipline in Latin America PDF Author: Daniela Campello
Publisher:
ISBN: 9781316234280
Category : Capital market
Languages : en
Pages : 256

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Book Description
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 PDF Author: Daniela Campello
Publisher: Cambridge University Press
ISBN: 1108841791
Category : Political Science
Languages : en
Pages : 261

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

Technopols

Technopols PDF Author: Jorge I. Domínguez
Publisher: Penn State Press
ISBN: 9780271043401
Category : Political Science
Languages : en
Pages : 308

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Book Description
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 Inclusionary Turn in Latin American Democracies

The Inclusionary Turn in Latin American Democracies PDF Author: Diana Kapiszewski
Publisher: Cambridge University Press
ISBN: 110890159X
Category : Political Science
Languages : en
Pages : 587

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Book Description
Latin American states took dramatic steps toward greater inclusion during the late twentieth and early twenty-first Centuries. Bringing together an accomplished group of scholars, this volume examines this shift by introducing three dimensions of inclusion: official recognition of historically excluded groups, access to policymaking, and resource redistribution. Tracing the movement along these dimensions since the 1990s, the editors argue that the endurance of democratic politics, combined with longstanding social inequalities, create the impetus for inclusionary reforms. Diverse chapters explore how factors such as the role of partisanship and electoral clientelism, constitutional design, state capacity, social protest, populism, commodity rents, international diffusion, and historical legacies encouraged or inhibited inclusionary reform during the late 1990s and early 2000s. Featuring original empirical evidence and a strong theoretical framework, the book considers cross-national variation, delves into the surprising paradoxes of inclusion, and identifies the obstacles hindering further fundamental change.

Vernacular Latin Americanisms

Vernacular Latin Americanisms PDF Author: Fernando Degiovanni
Publisher: University of Pittsburgh Press
ISBN: 0822986353
Category : Literary Criticism
Languages : en
Pages : 381

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Book Description
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.

Latin America in Global International Relations

Latin America in Global International Relations PDF Author: Amitav Acharya
Publisher: Routledge
ISBN: 1000408663
Category : Political Science
Languages : en
Pages : 293

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Book Description
Using decades of their own insight into teaching undergraduate International Relations (IR) courses, leading experts offer an introduction to IR thinking throughout history in Latin America, unfolding ideas, voices, concepts and approaches from the region that can contribute to the broader Global IR discussion. The book highlights and discuss the growing possibility of a Latin American agency, defined broadly to include both material and ideational elements, in regional and international relations, covering areas where Latin America’s contributions are especially visible and relevant, such as regionalism, international law, security management, and Latin America’s relations with the outside world. This is not about exclusively "Latin American solutions to Latin American problems", but rather about contributions in which Latin Americans define the terms for understanding the issues and set the terms for the nature and scope of outside involvement. Written with verve and clarity, Latin America in Global International Relations exposes readers to the relevance of redefining and broadening IR theory. It will serve as a guide for instructors in structuring their courses and in identifying the place of Latin America in the discipline.

Divergent Modernities

Divergent Modernities PDF Author: Julio Ramos
Publisher: Duke University Press
ISBN: 0822381095
Category : Political Science
Languages : en
Pages : 377

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Book Description
With a Foreword by José David Saldívar Since its first publication in Spanish nearly a decade ago, Julio Ramos’s Desenucuentros de la modernidad en America Latina por el siglo XIX has been recognized as one of the most important studies of modernity in the western hemisphere. Available for the first time in English—and now published with new material—Ramos’s study not only offers an analysis of the complex relationships between history, literature, and nation-building in the modern Latin American context but also takes crucial steps toward the development of a truly comparative inter-American cultural criticism. With his focus on the nineteenth century, Ramos begins his genealogy of an emerging Latin Americanism with an examination of Argentinean Domingo Sarmiento and Chilean Andrés Bello, representing the “enlightened letrados” of tradition. In contrast to these “lettered men,” he turns to Cuban journalist, revolutionary, and poet José Martí, who, Ramos suggests, inaugurated a new kind of intellectual subject for the Americas. Though tracing Latin American modernity in general, it is the analysis of Martí—particularly his work in the United States—that becomes the focal point of Ramos’s study. Martí’s confrontation with the unequal modernization of the New World, the dependent status of Latin America, and the contrast between Latin America’s culture of elites and the northern mass culture of commodification are, for Ramos, key elements in understanding the complex Latin American experience of modernity. Including two new chapters written for this edition, as well as translations of three of Martí’s most important works, Divergent Modernities will be indispensable for anyone seeking to understand development and modernity across the Americas.

The World That Latin America Created

The World That Latin America Created PDF Author: Margarita Fajardo
Publisher: Harvard University Press
ISBN: 0674270029
Category : History
Languages : en
Pages : 297

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Book Description
How a group of intellectuals and policymakers transformed development economics and gave Latin America a new position in the world. After the Second World War demolished the old order, a group of economists and policymakers from across Latin America imagined a new global economy and launched an intellectual movement that would eventually capture the world. They charged that the systems of trade and finance that bound the world’s nations together were frustrating the economic prospects of Latin America and other regions of the world. Through the UN Economic Commission for Latin America, or CEPAL, the Spanish and Portuguese acronym, cepalinos challenged the orthodoxies of development theory and policy. Simultaneously, they demanded more not less trade, more not less aid, and offered a development agenda to transform both the developed and the developing world. Eventually, cepalinos established their own form of hegemony, outpacing the United States and the International Monetary Fund as the agenda setters for a region traditionally held under the orbit of Washington and its institutions. By doing so, cepalinos reshaped both regional and international governance and set an intellectual agenda that still resonates today. Drawing on unexplored sources from the Americas and Europe, Margarita Fajardo retells the history of dependency theory, revealing the diversity of an often-oversimplified movement and the fraught relationship between cepalinos, their dependentista critics, and the regional and global Left. By examining the political ventures of dependentistas and cepalinos, The World That Latin America Created is a story of ideas that brought about real change.