Search

Begin New Search Topic Economics Political Geography Latin America

281. Latin American Trade Strategy at Century's End

Author:
Carol Wise
Publication Date:
06-1999
Content Type:
Working Paper
Institution:
The North-South Center, University of Miami
Abstract:
This paper tackles the question of trade strategy and differential economic performance in Latin America, with a focus on the four countries -- Argentina, Brazil, Chile, and Mexico -- most important for the successful completion of a full Western Hemispheric integration scheme. The analysis distinguishes between a “standard” market strategy that assigns the task of economic adjustment to market forces and a “competitive” strategy that more actively employs a range of public policies to facilitate adjustment and correct for instances of market failure. The choices of strategy are explored against the backdrop of international pressures, government-business relations, and institutional reform within the state. Two main conclusions are drawn: first, the competitive strategy strongly correlates with more favorable macro-and microeconomic outcomes and, second, mediocre economic performance under a standard market strategy has undermined the spirit of collective action that will be necessary to forge ahead at the hemispheric level.
Topic:
Economics and International Trade and Finance
Political Geography:
Brazil, Argentina, Latin America, Mexico, and Chile

282. Development Discontinuities: Leaders and Intermediaries in Producers' Associations

Author:
Tito Bianchi
Publication Date:
10-1999
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
The development literature considers associations an important economic development tool that allows producers to pursue their economic welfare collectively and through participatory means. This paper comparatively analyses the experience of three associations of agricultural producers in the underdeveloped regions of Brazil and Italy that were successful in this economic development task. Their experience, however, challenges a commonly held view about the participatory nature of associations.
Topic:
Development and Economics
Political Geography:
Europe, Brazil, South America, and Latin America

283. Currency Boards or Dollarization — Solutions or Traps

Author:
John Chown
Publication Date:
08-1999
Content Type:
Policy Brief
Institution:
Chatham House
Abstract:
Currency boards have been suggested for Russia, and adopted elsewhere in eastern Europe. Brazil's fixed rate has had to be abandoned, but Argentina is considering replacing its currency board with dollarization, and suggesting this solution for the rest of Latin America. Fixed exchange-rate regimes (and the crawling peg in Russia) have collapsed in Southeast Asia but Hong Kong, which had a formal currency board, has (so far) survived.
Topic:
Economics and International Trade and Finance
Political Geography:
Russia, Eastern Europe, Latin America, Central America, Caribbean, and North America

284. In Praise and Criticism of Mexico's Pension Reform

Author:
L. Jacobo Rodriguez
Publication Date:
04-1999
Content Type:
Working Paper
Institution:
The Cato Institute
Abstract:
The privatization of Mexico's government-run pay-as-you-go social security system, which went into effect in July 1997, is the Ernesto Zedillo administration's most important structural reform. It is a measure that, if successful, will help bring much-needed social and economic stability. The Mexican peso crisis of 1994–95 underscore d the fragility of Mexico's economy, its need for independent institutions, and its need for a large pool of long-term domestic savings. An increase in the rate of private savings in Mexico, which this reform will promote, would make the Mexican economy less dependent on short-term fluctuations of international capital flows and, thus, more stable. More important still, the privatization of social security will erect one of the basic pillars of a free society by turning Mexico into a country of property-owning workers.
Topic:
Economics, Government, International Political Economy, and Privatization
Political Geography:
Latin America and Mexico

285. Transcript: World Economic Update I

Author:
Daniel K. Tarullo, John Lipsky, Bruce Steinberg, and David Jones
Publication Date:
11-1998
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
Mr. Daniel K. Tarullo: Good morning, ladies and gentlemen. We'd like to get started promptly so that we can end promptly. Welcome to this morning's session on the update of world economic conditions. This is the first in what we anticipate to be a series of updates, perhaps quarterly, sponsored by the Council on Foreign Relations, probably right here in this room, part of a continuing effort to focus on world economic conditions, both for themselves, and as they intersect with foreign policy concerns.
Topic:
Economics
Political Geography:
Russia, Europe, Asia, South America, Latin America, and North America

286. Negotiating Economic Transitions in Liberizing Polities

Author:
Frances Hagopian
Publication Date:
05-1998
Content Type:
Working Paper
Institution:
Weatherhead Center for International Affairs, Harvard University
Abstract:
How do governments struggling to consolidate new democracies enact effective stabilization and adjustment policies, reform the public sector, and deregulate markets? And what has been the impact of economic liberalization on political institutions and systems of political representation? Treating economic and political transitions as mutually interdependent, this paper couples these questions to suggest a reformulation of the conventional wisdom about how economic liberalization proceeds and how political interests are determined. It challenges the assumption that neoliberal reform is most readily achieved in liberalizing polities when visionary political leaders surrounded by coherent economic teams with comprehensive programs in place act with a wide margin of autonomy from society. It also questions the contention that structures of political representation are the outgrowth of either economic organization or the product of state engineering. The paper makes two arguments. Its central argument is that economic reform is accomplished most readily when government reformers, acting through available clientelistic, corporatist, and party-based networks of mediation, negotiate the compliance of public and private sector representatives of social actors for the introduction of market-oriented reforms. They trade public resources or legislation favoring the representational status of political or social actors in the present for the agreement of those actors to accept diminished state resources for their organizations or constituents in the future. The use of specific networks of negotiation, moreover, influences the design of liberalization policies and helps to account for national differences in the pace and sequence of economic reform measures. The paper's second argument is that those systems of political representation that are strengthened as a result of the temporary advantages that accrue to them during the process of state retreat will endure even when they are incompatible with economic liberalism. This is so because the politicians and group leaders who manage these networks have the opportunity to design institutions that will allow them to accommodate themselves and adapt their power bases to economies in which the market plays a larger role.
Topic:
Economics and Political Economy
Political Geography:
South America, Latin America, Central America, and North America

287. Ideas, Culture and Political Analysis Workshop

Author:
Thomas Risse, Sarah Mendelson, Neil Fligstein, Jan Kubik, Jeffrey T. Checkel, Consuelo Cruz, Kathleen McNamara, Sheri Berman, Frank Dobbin, Mark Blyth, Ken Pollack, George Steinmetz, Daniel Philpott, Gideon Rose, Martha Finnemore, Kathryn Skikkink, Marie Gottschalk, John Kurt Jacobsen, and Anna Seleny
Publication Date:
05-1998
Content Type:
Working Paper
Institution:
Social Science Research Council
Abstract:
The last decade or so has witnessed a resurgence in scholarship employing ideational and cultural factors in the analysis of political life. This scholarship has addressed political phenomena across a variety of national and international settings, with studies of European politics being particularly well represented. For example, the work of scholars like Peter Hall (1993), Peter Katzenstein (1996), Ronald Inglehart (1997), Robert Putnam (1994) and Daniel Jonah Goldhagen (1995) has improved our understandings of European polities, societies and economies. Yet despite a recent rise in interest, ideational and cultural explanations still meet with skepticism in many quarters of the discipline. Some scholars doubt whether non-material factors like ideas or culture have independent causal effects, and others, who accept that such factors might matter, despair of devising viable ways of analyzing their impact on political life.
Topic:
Conflict Resolution, International Relations, Security, Democratization, Economics, Government, Human Rights, International Cooperation, Nationalism, and Politics
Political Geography:
United States, Middle East, France, and Latin America

288. Stabilization and Its Discontents: Argentina's Economic Restructuring in the 1990s

Author:
Manuel Pastor and Carol Wise
Publication Date:
05-1998
Content Type:
Working Paper
Institution:
The North-South Center, University of Miami
Abstract:
Even as multilateral officials adamantly oppose the implementation of currency boards as a way of stabilizing exchange rates and inflation in the wake of the recent Asian financial crisis, Argentina remains committed to such an arrangement. This paper explores the political and economic conditions that prompted Argentine policymakers to adopt an economic management model in 1991 that is generally considered to be less flexible than other approaches now prevailing in Latin America. Short-term outcomes as well as longer-term patterns of economic restructuring now underway in Argentina are analyzed. The authors argue that, despite considerable success on the macro-stabilization front, policymakers still have their work cut out in terms of designing a set of second-phase measures to facilitate smoother adjustment at the microeconomic level.
Topic:
Economics and Political Economy
Political Geography:
Latin America

289. Collective Management of International Financial Crises

Author:
Saori N. Katada
Publication Date:
07-1998
Content Type:
Working Paper
Institution:
Center for International Studies, University of Southern California
Abstract:
The world has experienced many financial crises. Despite numerous research and policy efforts in prevention to present them at of large scale, the global economy has not seen economists' (and investors') Nirvana of financial globalization without the occasional crises. On the contrary, the increasing dynamism and changing nature of financial flows across national borders seem to have created a larger number of new problems for creditors, debtors and international financial institutions. That has typically been true for middle income countries in Latin America and Asia and, very recently, in Eastern Europe, which have been integrated into the international financial system. During the two decades between the late 1970s and the late 1990s, three major sets of financial crises originated from those middle income countries, intensifying concerns for international financial stability.
Topic:
Economics, Globalization, International Political Economy, and International Trade and Finance
Political Geography:
Europe, Israel, East Asia, Latin America, Central America, and North America

290. Open Regionalism: Lessons from Latin America for East Asia

Author:
Clark Winton Reynolds
Publication Date:
08-1997
Content Type:
Working Paper
Institution:
Kellogg Institute for International Studies
Abstract:
The process of regional integration is part of the reshaping of the international economic order at the end of the 20th century. Much if it is impelled by raw market forces, or what one may term 'silent integration.' In this process the increasingly liberalized movement of goods and services, factors of production (capital, technology, and labor through migration and as embodied in trade in goods and services), and tastes offers new prospects and challenges. There are opportunities for major increases in income and wealth for the most intrepid, skilled, mobile, and aggressive participants in the process. There are threats of lost income, power, prestige, values, and institutions for those left behind. There is a need to go behind the impulse of market forces, taking advantage of their dynamic but finding ways to manage interdependence so as to best reconcile differences among social groups, institutions, and values to ensure that the process of liberalized exchange produces gains that are equitable, stable, and sustainable.
Topic:
Economics, International Organization, and International Political Economy
Political Geography:
Israel, East Asia, South America, and Latin America