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Hidden behind a number of economic crises in the mid- to late 1990s-including Argentina's headline-grabbing monetary and political upheaval-is that fact that Latin American economies have, generally speaking, improved dramatically in recent years. Their success has been due, in large part, to macroeconomic reforms, and this book brings together prominent economists and policymakers to assess a decade of such policy shifts, highlighting both the many success stories and the areas in which further work is needed. Contributors offer both case studies of individual countries and regional overviews, covering monetary, financial, and fiscal policy. Contributors also work to identify future concern...
These case studies provide valuable insights into the difficulty of establishing answers to the fundamental question of why nations grow at different rates, with inequitable patterns of wealth and income distribution.
Fiscal policy in Latin America has been guided primarily by short-term liquidity targets whose observance was taken as the main exponent of fiscal prudence, with attention focused almost exclusively on the levels of public debt and the cash deficit. Very little attention was paid to the effects of fiscal policy on growth and on macroeconomic volatility over the cycle. Important issues such as the composition of public expenditures (and its effects on growth), the ability of fiscal policy to stabilize cyclical fluctuations, and the currency composition of public debt were largely neglected. As a result, fiscal policy has often amplified cyclical volatility and dampened growth. 'Fiscal Policy, Stabilization, and Growth' explores the conduct of fiscal policy in Latin America and its consequences for macroeconomic stability and long-term growth. In particular, the book highlights the procyclical and anti-investment biases embedded in the region's fiscal policies, explores their causes and macroeconomic consequences, and asesses their possible solutions.
How Brazil's monetary and fiscal policies survived a series of severe economic shocks and the policy lessons for other countries. Inflation targeting -- when central bank policies set specific inflation rate objectives -- is widely used by both developed and developing countries around the world (although not by the United States or the European Central Bank). This collection of original essays looks at how Brazil's policy of inflation targeting, coupled with a floating exchange rate, survived a series of severe economic shocks and examines the policy lessons that can be drawn from Brazil's experience. After a successful start in early 1999, Brazil's policy regime had to manage mounting diff...
This text provides a historical, institutional and quantitative picture of Brazil's dynamic economic development and present activity. The various problems of import substitution, imbalances, inflation and debt crisis are addressed.
Dictating Development presents a powerful and original analysis of how colonialism has profoundly impacted the varying economic growth of developing nations. While previous studies have focused primarily on the domestic neoliberal policies of government and the political capacity of developing states, Dictating Development argues that economic growth is equally influenced (positively and negatively) by colonial powers. Jonathan Krieckhaus examines both historic colonial influences (on human capital and state structures) as well as contemporary ones (war, market access, and foreign aid). Based on an in-depth study of the regionally diverse nations of Mozambique, Korea, and Brazil, and a statistical analysis of growth in ninety-one countries from 1960 to 2000, Krieckhaus effectively demonstrates that most seemingly domestic political variables are in fact the byproduct of relationships with colonial powers. While not denying the role of neoliberalism as an important factor in development, Dictating Development reveals the roots of these policies: how colonialism influences the very nature of government and societal productivity.
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Nesta edição, na reportagem sobre economia criativa, veja que o quanto a criatividade pode gerar valor monetário e ser estratégico e decisório para o sucesso de um negócio. No varejo, saber comprar é outro ponto relevante para alcançar as metas financeiras e tema que também integra esta edição da Meu Próprio Negócio. Saiba como se preparar para ter êxito na tarefa e garantir a rentabilidade planejada. Veja também como ganhar dinheiro com festas temáticas.
IBSS is the essential tool for librarians, university departments, research institutions and any public or private institution whose work requires access to up-to-date and comprehensive knowledge of the social sciences.
Conventional wisdom holds that free trade is economically beneficial to nations. But this does not prevent industries and interest groups from lobbying their governments for protection, which creates a fear of electoral backlash among politicians hoping to promote free trade. The Limits of Protectionism demonstrates how governments can attain those economic benefits while avoiding the political costs.Michael Lusztig's theoretical model focuses on a process by which protectionists can be pushed to restructure and compete in a global economy. In this process, a small cutback in domestic protection leads to lost market shares at home; producers must then turn to overseas exports, and, as the si...