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Mobile Capital and Latin American Development ebook

by James E. Mahon Jr.


16 M. Victoria Murillo, Partisan Coalitions and Labor Competition in Latin America: Trade Unions and Market Reforms, 2001.

16 M.

New York: Cambridge University Press, 2003. Latin Americans might have expected, after following the free-market economic policies of the 'Washington consensus' for a dozen years, that the region would have begun to savor the fruits of openness  .

Recommend this journal.

By James E. Mahon, {jrJr. University Park, PA: Penn State Press, 1996. New York: St. Martin’s Press, 1996.

For thirty years Latin American Politics and Development has kept instructors and students abreast of current affairs .

For thirty years Latin American Politics and Development has kept instructors and students abreast of current affairs in Latin America. Harvey F. Kline is Professor Emeritus of Political Science at the University of Alabama. Mahon Jr. University Park: Pennsylvania State University. This site is part of RePEc and all the data displayed here is part of the RePEc data set.

Particularly timely in light of the recent Mexican peso crisis, Mobile Capital and Latin American Development examines the causes, consequences, and implications of the Latin American capital flight of the 1980s. It addresses the increasingly mobile and privatized nature of international capital and its power to shape economic policy in those countries.

Through a comparison of the policy experiences of Argentina, Brazil, Chile, Colombia, Mexico, and Venezuela, James E. Mahon finds that those countries that suffered the most capital flight had previously faced fewer structural trade problems and had not reoriented their exchange policies to diversify exports and deal with exchange-market instability. Since the countries that stumbled worst into capital flight before the debt crisis were later among the most aggressive neoliberal reformers, Mahon discusses the ways in which overseas capital served as a kind of pressure for free-market reform. Finally, the idea that internationally mobile capital now can operate as a kind of senate—an arm of the wealthy few, guarding the established order against the arbitrary, dangerous tendencies of the executive and popular chamber—is examined with relation to theories of dependency and the institutionalization of democracy.

Mobile Capital and Latin American Development ebook
Author:
James E. Mahon Jr.
Category:
Humanities
Subcat:
EPUB size:
1782 kb
FB2 size:
1488 kb
DJVU size:
1197 kb
Language:
Publisher:
Penn State University Press; 1 edition (December 8, 2004)
Pages:
228 pages
Rating:
4.6
Other formats:
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