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2. Intergenerational Influences of Wealth in Mexico
- Author:
- Seymour Spilerman and Florencia Torche
- Publication Date:
- 12-2007
- Content Type:
- Working Paper
- Institution:
- Institute for Social and Economic Research and Policy at Columbia University
- Abstract:
- Using the 2006 Mexican Social Mobility Survey, this research evaluates the influence of parental wealth on several outcomes of adult children, including educational attainment, consumption level, asset holdings, home ownership, and value of residence. Two mechanisms of parental influence on economic wellbeing are explored: an indirect effect mediated by parental investment in human capital, and the direct transfer of resources. Three main findings emerge from the analysis. First, parental wealth is a strong determinant of educational attainment, net of the standard indicators of advantage regularly used in stratification research, and the influence of wealth is stronger among the most disadvantaged children (those with low cultural capital, and residing in non-urban areas). Second, the mechanism of parental influence on adult children's economic wellbeing differs depending on the outcome: In the case of consumption level, the influence is largely indirect, mediated by parental investment in offspring's human capital, while the opposite is true for children's asset holdings, where a direct transfer of resources predominates. Third, while access to homeownership is only weakly stratified by parent's and children's resources, the value of the acquired home is significantly affected by parental wealth. These patterns of influence are similar to those found in Chile (Spilerman and Torche 2004, Torche and Spilerman 2006) and they highlight the critical impact of parental wealth in less developed countries.
- Topic:
- Demographics, Economics, Political Economy, Poverty, and Third World
- Political Geography:
- Latin America, Mexico, and United Arab Emirates
3. The Provision of Banking Services in Latin America: Obstacles and Recommendations
- Author:
- Liliana Rojas-Suarez
- Publication Date:
- 06-2007
- Content Type:
- Working Paper
- Institution:
- Center for Global Development
- Abstract:
- The depth of and access to financial services provided by banks throughout Latin America are extremely low in spite of its recognized importance for economic activity, employment and poverty alleviation. Low financial depth and access hurts the poor the most and is due to a variety of obstacles that are presented in this paper in four categories, along with recommendations to overcome them. The first category groups socio-economic obstacles that undercut the demand for financial services of large segments of the population. The second category identifies problems in the operations of the banking sector that impedes the adequate provision of financial services to households and firms. The third category captures institutional deficiencies, with emphasis on the quality of the legal framework and the governability of the countries in the region. The fourth category identifies regulations that tend to distort the provision of banking services. Recommendations to confront these obstacles include innovative proposals that take into consideration the political constraints facing individual countries. Some of the policy recommendations include: public-private partnerships to improve financial literacy, the creation of juries specialized in commercial activities to support the rights of borrowers and creditors, and the approval of regulation to allow widespread usage of technological innovations to permit low-income families and small firms to gain access to financial services.
- Topic:
- Political Economy and Third World
- Political Geography:
- Latin America
4. Regional Monetary Integration among Developing Countries: New Opportunities for Macroeconomic Stability beyond the Theory of Optimum Currency Areas?
- Author:
- Laurissa Muhlich and Barbara Fritz
- Publication Date:
- 12-2006
- Content Type:
- Working Paper
- Institution:
- German Institute of Global and Area Studies
- Abstract:
- Optimum Currency Area (OCA) approaches turn to be inadequate in the analysis of the new regional monetary integration schemes that have sprung up among developing and emerging market economies. Instead, in accordance with the concept of 'original sin' (Eichengreen et al.) we argue that regional monetary South-South integration schemes that, unlike North-South arrangements, involve none of the international reserve currencies, have specific monetary constraints and implications which need to be duly considered. A first comparative analysis of three cases of monetary South-South cooperation in South Africa (CMA), East Asia (ASEAN) and Latin America (Mercosur) shows that these can indeed provide macroeconomic stability gains but that this strongly depends on the existence of economic hierarchies within these integration schemes.
- Topic:
- Development, Economics, Foreign Exchange, and Third World
- Political Geography:
- East Asia, South Africa, and Latin America
5. Gender and the Distribution of Wealth in Developing Countries
- Author:
- Cheryl R. Doss and Carmen Diana Deere
- Publication Date:
- 10-2006
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- Only recently has it been recognized that women may not share in the wealth of men, even within the same household or family. Moreover, there is growing evidence that the gender distribution of wealth matters. This paper first reviews the available evidence for developing countries on the gender asset gap and finds that it is significant. It then considers the constraints on women's asset ownership with particular attention to the role of legal marital and inheritance regimes. The paper then turns to a more detailed examination of women's land ownership in Latin America and Africa. The final section considers the impact of women's land ownership on household income and welfare.
- Topic:
- International Relations, Development, International Political Economy, and Third World
- Political Geography:
- Africa and Latin America
6. The Political Economy of Taxation and Tax Reform in Developing Countries
- Author:
- Jonathan Di John
- Publication Date:
- 07-2006
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- Taxation provides one of the principal lenses in measuring state capacity, state formation and power relations in a society. This paper critically examines three main approaches (economic, administrative and political economy) to understanding taxation. It also examines differences in tax composition across middle-income developing regions and finds that Latin American economies tax upper income groups much less than in East Asia and Eastern Europe, and explores the political economy and policy implications of these differences. The paper also examines issues of tax reform in low income/post-war economies and explores the problem that capital flight poses for less developed countries.
- Topic:
- Development, International Trade and Finance, Political Economy, and Third World
- Political Geography:
- Eastern Europe, East Asia, and Latin America
7. Why Is the World Bank Still Lending?
- Author:
- Adam Lerrick
- Publication Date:
- 11-2005
- Content Type:
- Policy Brief
- Institution:
- American Enterprise Institute for Public Policy Research
- Abstract:
- World Bank money is building schools in China's impoverished western provinces, but the bill for interest charges is being mailed to the United Kingdom, attention Chancellor of Exchequer Gordon Brown. Mexico, Chile, and Brazil will soon be lining up for the same deal. This is but the latest scheme designed to preserve the World Bank's lending role at a time when the need and demand for its services are falling. Major middle-income countries, the cream of the bank's lending portfolio and where more than 80 percent of Latin Americans live, are curbing their borrowing and paying down their balances, setting off alarms at the bank. Net loan flows have shifted from a positive $10 billion in 1999–2001, to a negative $15 billion in 2002–2004.
- Topic:
- Debt, Development, Economics, and Third World
- Political Geography:
- China, United Kingdom, Brazil, Latin America, Mexico, and Chile
8. Open Doors
- Author:
- Paul Masson, Michael Pomerleano, and Robert E Litan
- Publication Date:
- 06-2001
- Content Type:
- Policy Brief
- Institution:
- The Brookings Institution
- Abstract:
- Foreign direct investment in financial firms in emerging markets surged in the 1990s, although not equally in all places. The main beneficiaries: Latin America and Central Europe, with Asia a distant third. This conference report summarizes findings on the impacts—mainly positive—of this significant inflow of funds and managerial and technical know-how, as well as recommendations for policies toward foreign direct investment (FDI) in the future. The main recommendation: countries with restrictions generally should relax them, even when their own financial systems are weak. At the same time, foreign entry gives rise to new policy challenges, supervisory and competitive, which emerging markets need to confront both unilaterally and with cooperation from source country governments.
- Topic:
- Emerging Markets, International Trade and Finance, and Third World
- Political Geography:
- Asia, Latin America, and Central Europe
9. The Carter Center News, January-June 2000
- Publication Date:
- 01-2000
- Content Type:
- Policy Brief
- Institution:
- The Carter Center
- Abstract:
- During the first six months of this year, four Latin American countries exercised democracy by scheduling elections. The Dominican Republic, Mexico, Peru, and Venezuela laid the groundwork for electoral processes, though only the Dominican Republic and Mexico actually held elections as planned (see also “What Latin America's Elections Really Mean,” Page 4). In all four cases, however, Carter Center delegates were on site to monitor the proceedings. Below are the Center's observations, listing the most recent election first.
- Topic:
- Development, Environment, Human Rights, Migration, Science and Technology, and Third World
- Political Geography:
- South America, Latin America, Central America, Caribbean, Venezuela, Mexico, and Peru