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This book looks at both the potential and limits of policies to promote entrepreneurship as an important vehicle for social mobility in Latin America and the Caribbean. Who are the region's entrepreneurs? They tend to be middle-aged males with secondary and, often, tertiary education who represent only a small segment of the economically active population in the six countries considered in this book. They come from families in which a parent is, or was, an entrepreneur. In fact, a parent's occupation is more important in the decision to become an entrepreneur than a parent's wealth, income or education. Middle class entrepreneurship tends to dominate the sample in part since this is the majo...
Ben Ross Schneider's volume, New Order and Progress takes a thorough look at the political economy of Brazil. The distinctive perspective of the 11 chapters is historical, comparative, and theoretical. Collectively, the chapters offer sobering insight into why Brazil has not been the rising economic star of the BRIC that many predicted it would be, but also documents the gains that Brazil has made toward greater equality and stability. The book is grouped into four parts covering Brazil's development strategy, governance, social change, and political representation. The authors -18 leading experts from Brazil and the United States - analyze core issues in Brazil's evolving political economy, including falling inequality, the new middle class, equalizing federalism, the politicization of the federal bureaucracy, resurgent state capitalism, labor market discrimination, survival of political dynasties, the expansion of suffrage, oil and the resource curse, exchange rates and capital controls, protest movements, and the frayed social contract.
Using data from household and labor force surveys, this study documents the effects of the 2008–09 global financial crisis on poverty in Latin America and the Caribbean, the social protection policy responses activated, and a macro-micro modeling of crisis/no-crisis scenarios for Mexico and Brazil.
This book examines the emergence of the black middle classes in urban Brazil, after 30 years of black mobilization and against the backdrop of deep economic, cultural, and political transformations taking place in recent decades within the country. One of the consequences of such transformations is said to be the restructuring of gender, race, and class relations. Utilizing qualitative research techniques such as ethnography, interviews, life histories, and focus groups among Afro-descendant families in the Northeast region of the country, the book explores contemporary race, class, and gender inequalities and their impact on daily lived experience. It reveals the dynamics underlying upward ...
Contemporary Latin American Cinema investigates the ways in which neoliberal measures of privatization, de-regularization and austerity introduced in Latin America during the 1990s have impacted film production and film narratives. The collection examines the relationship between economic policies and the films that depict recent transformations in many Latin American countries, demonstrating how contemporary Latin American film has not only criticized and resisted, but also benefitted from neoliberal advancements. Based on films produced in Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Mexico and Peru since 2010, the fourteen case studies illustrate neoliberalism’s effects, from big industries to small national cinemas. It also shows the new types of producers that have emerged, and the novel patterns of distribution, exhibition and consumption that shape and influence the Latin American filmscape. Through industry studies, reception analyses and close readings, this book establishes an informative and accessible text for scholars and students alike.
In 2013, the World Bank Group adopted two new goals to guide its work: ending extreme poverty and boosting shared prosperity. More specifically, the goals are to reduce extreme poverty in the world to less than 3 percent by 2030, and to foster income growth of the bottom 40 percent of the population in each country. While poverty reduction has been a mainstay of the World Bank s mission for decades, the Bank has now set a specific goal and timetable, and for the first time, the Bank has explicitly included a goal linked to ensuring that growth is shared by all. The discussion until now has centered primarily on articulating the new goals. This report, the latest in World Bank s Policy Resear...
After the Coup brings together the work of a group of leading Thai intellectuals of several generations to equip readers to anticipate and understand the developments that lie ahead for Thailand. Contributors offer findings and perspectives both on the disorienting period following the Thai coup of May 2014 and on fundamental challenges to the country and its institutions. Chapters address regionalism and decentralization, the monarchy and the military, the media, demography and the economy, the long-running violence in Southern Thailand, and a number of surprising social and political trends certain to shape the future of Thailand. The volume will serve as a valuable resource for all those ...
Economists have long argued that market-based instruments such as, environmental taxes, and emission trading systems, are the superior way to offset the negative externalities of any kind of economic activities. Yet, whether the effects of using these instruments are sufficient, whether they are actually used efficiently, and especially which factors influence their effectiveness is subject to a lively debate. It is the ultimate task of research to identify existing barriers among economic agents so as to gain valuable insight into how to overcome them. There still is much work to be done when it comes to evaluating the effectiveness of policy instruments with regard to the achievement of environmental targets. This work examines this topic.
We argue that in an economy with downward nominal wage rigidity, the output gap is negative on average. Because it is more difficult to cut wages than to increase them, firms reduce employment more during downturns than they increase employment during expansions. This is demonstrated in a simple New Keynesian model with asymmetric wage adjustment costs. Using the model's output gap as a benchmark, we further show that common output gap estimation methods exhibit a systematic bias because they assume a zero mean. The bias is especially large in deep recessions when potential output tends to be most severely underestimated.
For over forty years, Latin American Politics and Development has kept instructors and students abreast of current affairs and changes in Latin America. Now in its tenth edition, this authoritative yet accessible introduction has been updated throughout. Organized on a country-by-country basis, Latin American Politics and Development offers instructors maximum flexibility in organizing courses. Revisions to the Tenth Edition include: An updated theoretical framework to explain changes in the region, including discussions of electoral systems and political actors. Discussions on presidential, parliamentary, and municipal election cycles throughout the region from 2017 through early 2022. Coverage of the COVID-19 pandemic. Examination on the regional decline in democratic norms and practices. A look at the impact of the Trump administration on regional relations, including the decline in democracy. Updates on race, Indigenous groups, women, Afro-Latin Americans, contemporary social movements, religious and other non-elite groups.