The Oxford Handbook of Latin American Political Economy

Overview

Latin America's recent development performance calls for a multidisciplinary analytical tool kit. This handbook accordingly adopts a political-economy perspective to understand Latin American economies. This perspective is not new to the region; indeed, this volume consciously follows the approach pioneered by political economist Albert O. Hirschman a half century ago. But the nature of the political and economic processes at work in Latin America has changed dramatically since Hirschman's critical contribution. ...

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The Oxford Handbook of Latin American Political Economy

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Overview

Latin America's recent development performance calls for a multidisciplinary analytical tool kit. This handbook accordingly adopts a political-economy perspective to understand Latin American economies. This perspective is not new to the region; indeed, this volume consciously follows the approach pioneered by political economist Albert O. Hirschman a half century ago. But the nature of the political and economic processes at work in Latin America has changed dramatically since Hirschman's critical contribution. Military dictatorships have given way to an uneven democratic consolidation; agricultural or primary-product producers have transformed into middle-income, diversified economies, some of which are leading examples of emerging markets. So, too, the tools of political-economy have developed by leaps and bounds. It is therefore worthwhile to take stock of, and considerably extend, the explosion of recent scholarship on the two-way interaction between political processes and economic performance.

A unique feature of the book is that it begins with a group of chapters written by high-level academic experts on Latin American economics and policies who also happen to be current or past economic policy makers in the region, including Fernando Henrique Cardoso (former president of Brazil), Andrés Velasco (former Chilean finance minister), Luis Carranza (former Peruvian finance minister), Martín Redrado (former governor of the Argentina central bank) and Luciano Coutinho (president of Brazil's national development bank). These contributors draw upon their academic expertise to understand their experience in the trenches of policy making.

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Product Details

  • ISBN-13: 9780199747504
  • Publisher: Oxford University Press
  • Publication date: 5/9/2012
  • Series: Oxford Handbooks Series
  • Edition description: New Edition
  • Pages: 648
  • Product dimensions: 7.10 (w) x 9.90 (h) x 1.70 (d)

Meet the Author

Javier Santiso is a leading specialist on emerging markets and on Latin America in particular. He is a professor of economics at the ESADE Business School (Madrid) and director of the ESADE Centre for Global Economy and Geopolitics He was formerly Director and Chief Economist at the OECD Development Centre. In 2009 he was recognized as one of the Young Global leaders by the World Economic Forum and in 2010 he was named one of the most influential intellectuals by Foreign Policy.

Jeff Dayton-Johnson is a development economist who has worked extensively on Latin America as well as other parts of the developing world. He is an associate professor of international trade and development at the Monterey Institute of International Studies. His published research covers many areas, including international migration, inequality, fiscal policy, natural disasters, foreign aid, social cohesion, cultural policy, irrigation, and local management of natural resources.

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Table of Contents

0 Introduction — Javier Santiso and Jeff Dayton-Johnson: Introduction and Overview
I The View From The Inside: Practitioners Reflect On Making Reform Happen

1. Political Leadership and Economic Reform: The Brazilian Experience in the Context of Latin America (1-51)
Fernando Henrique Cardoso with Eduardo Graeff

2. Politics of Fiscal Reforms in Peru (52-94)
Luis Carranza

3. The Political Economy of Fiscal Policy: the Experience of Chile (95-133)
Andrés Velasco and Eric Parrado

4. Industrial Policy and Economic Transformation (134 - 188)
Luciano Coutinho, João Carlos Ferraz, André Nassif and Rafael Oliva

5. Monetary Policy under Uncertainty (189 - 207)
Martín Redrado

II The Politics of Economics: Historical, Geographic and Institutional Perspectives
6. A Historical Perspective on the Political Economy of Inequality in Latin America (208 - 236)
Rosemary Thorp

7. Achievements and Shortcomings of Cuba's Economic Policies, 1990-2010 (237 - 268)
Paolo Spadoni

8. Global and Regional Integration in Latin America and the Caribbean (1990-2010) (269 - 298)
Juan Blyde, Antoni Estevadeordal and Mauricio Mesquita Moreira

9. Does Asia Matter? The Political Economy of Latin America's International Relations (299 - 332)
Barbara Stallings

10. A Catalyst for Hope: China's Opportunity for Latin America (333 - 363)
Kevin P. Gallagher

III The Politics of Economics and the Economics of Politics
11. How (Not) to Produce Effective Policies? Institutions and Policymaking in Latin America (364 - 391)
Mariano Tommasi and Carlos Scartascini

12. The Politics of Global Financial Markets in Latin America (392 - 424)
Daniela Campello

13. Cabinet Stability and Policymaking in Latin America (425 - 458)
Cecilia Martínez Gallardo and María Victoria Murillo

14. International Capital Markets and their Latin American Discontents (459 - 492)
Christopher Balding

15. Natural Resources and Democracy in Latin America: Neither Curse Nor Blessing (493 - 512)
Stephen Haber and Victor Menaldo

16. Contrasting Capitalisms: Latin America in Comparative Perspective (513- 549)
Ben Ross Schneider

17. Ulysses and the Sirens: Political and technical rationality in Latin America (550 - 609)
Laurence Whitehead and Javier Santiso

IV Political Economy of Fiscal and Social Policies.
18. Killing Me Softly: Local Termites and Fiscal Violence in Brazil and Mexico ( 610 - 669)
Carlos Elizondo and Javier Santiso

19. The political economy of public spending and fiscal déficits: lessons for Latin America (670 - 711)
Marcela Eslava

20. Taxation and Democracy in Latin America (712- 737)
Christian Daude and Ángel Melguizo

21. Revisiting Political Budget Cycles in Latin America (738 - 765)
Sebastián Nieto Parra and Javier Santiso

22. Labor Market in Latin America and the Caribbean: The Missing Reform (766 - 795)
Alejandro Micco and Pablo Egaña

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