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The conditions for sustainable growth and development are among the most debated topics in economics, and the consensus is that institutions matter greatly in explaining why some economies are more successful than others over time. This book explores the relationship between economic conditions, growth, and inequality.
This work examines the relationship between equity and growth in Mexico. It looks at how specific inequalities in power, wealth and status have created and sustained economic institutions and policies that both tend to perpetuate these inequalities and are sources of inefficiences in the economy.
When the postwar boom began to dissipate in the late 1960s, Mexico's middle classes awoke to a new, economically terrifying world. And following massacres of students at peaceful protests in 1968 and 1971, one-party control of Mexican politics dissipated as well. The ruling Institutional Revolutionary Party struggled to recover its legitimacy, but instead saw its support begin to erode. In the following decades, Mexico's middle classes ended up shaping the history of economic and political crisis, facilitating the emergence of neo-liberalism and the transition to democracy. Waking from the Dream tells the story of this profound change from state-led development to neo-liberalism, and from a one-party state to electoral democracy. It describes the fraught history of these tectonic shifts, as politicians and citizens experimented with different strategies to end a series of crises. In the first study to dig deeply into the drama of the middle classes in this period, Walker shows how the most consequential struggles over Mexico's economy and political system occurred between the middle classes and the ruling party.
This book is one of the first historical revisions of the Latin American debt crisis of 1982, exploring recently disclosed archival sources for a number of creditor and debtor institutions. It fills a gap on the national and international historiography on international finance in the 1970s and the Latin American debt crisis of the 1980s. The domestic banking approach in revisiting the 1982 financial crisis is a main distinction of this work and the consequences of the involvement of Mexican banks in international finance a major contribution to the literature. Beyond its thoroughly international approach, the book addresses a broad array of disciplines: financial history, political economy,...
"These proceedings contain the Summary, Conclusions and Recommendations, drafted by the rapporteurs, the speakers' papers, summaries of the question-and-answer sessions, and the abstracts of the Mexican case studies."--Foreword.
In this major work an economist with long experience as an advisor in developing countries explores the conflict between market forces and political reform that has led straight into Latin America's most serious problems. John Sheahan addresses three central concerns: the persistence of poverty in Latin American countries despite rising national incomes, the connection between economic troubles and political repression, and the relationships between Latin America and the rest of the world in trade and finance, as well as overall dependence. His comprehensive explanation of why many Latin Americans identify open political systems with frustration and economic breakdown will interest not only economists but also a broad range of other social scientists. This is "political economy" in the classical sense of the word, establishing a clear connection between the political and economic realities of Latin America.
Examines differences in the rates of economic growth in Latin America and mainland North America since the seventeenth century.
In Globalizing in Hard Times, Leonardo Martinez-Diaz examines the sudden and substantial increase in cross-border ownership of commercial banks in countries where bank ownership had long been restricted by local rules. Many parties—the World Bank and the IMF, the world's largest commercial banks, their home governments, and their negotiators—had been pushing for a relaxation of ownership rules since the early 1980s and into the 1990s, when bank profitability levels in advanced industrial societies went flat. In their hunt for higher returns on assets, the major banks looked to expand business overseas, but through the mid-1990s their efforts to impose more liberal ownership regimes in na...
Obra accesible, que pone de relieve aspectos del pasado que son de importancia e interés para el mundo de hoy. Ofrece una imagen fresca y desprejuiciada de nuestra historia económica que supera los estereotipos y las ideologías tan comunes en la cultura económica de nuestro país. Sus capítulos se entrelazan para proporcionar continuidad y fluidez al nuevo conjunto. El propósito es ofrecer una mirada general en una versión que resulta apropiada para lectores. Versión sintética del contenido de la Historia económica general de México.