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271. Book reviews on Chilean democracy, the region's commodity boom and the politics of redistribution.

Author:
Maria de los Angeles Fernandez and Peter M. Siavelis
Publication Date:
03-2014
Content Type:
Journal Article
Journal:
Americas Quarterly
Institution:
Council of the Americas
Abstract:
Commentary on Chilean democracy has evolved from praise to concern since conservative President Sebastián Piñera moved into La Moneda Palace in 2010, bringing the Right to power for the first time in over 50 years. The praise was well-earned. Piñera's victory not only showed the Right's vote-getting ability; the peaceful alternation of power in Chile offered conclusive demonstration of one of the continent's most successful democratic transitions. Nevertheless, the Right's victory, which ended 20 years of government by the center-left Concertación, also coincided with a challenge to perceptions about Chile as a paragon of fiscal discipline and political stability. Contemporary Chile is convulsed by social mobilization, and by demands for redistribution and deep reforms to the economic and social model that was once heralded across the region.
Topic:
Government and Politics
Political Geography:
Europe and Latin America

272. Not Poor, But Not Middle Class Yet

Author:
Luis Felipe Lopez-Calva
Publication Date:
03-2014
Content Type:
Journal Article
Journal:
Americas Quarterly
Institution:
Council of the Americas
Abstract:
During the first decade of the twenty-first century, Latin America's increasing prosperity and social progress have led analysts to conclude that historic change is taking place. Indeed, poverty in Latin America fell from 41.4 percent in 2000 to 28 percent in 2010, even at a time of global distress1—a result, in part, of both sustained economic growth and reductions in inequality. As a result, the focus in policy circles has switched to the role an emerging middle class can play in the region, both as an engine of growth and as the foundation for social cohesion and better governance. The key to understanding this shift is accurately defining the middle class in economic terms.
Topic:
Economics and Governance
Political Geography:
Latin America

273. Latin America's Middle Class in Global Perspective

Author:
Jamele Rigolini
Publication Date:
03-2014
Content Type:
Journal Article
Journal:
Americas Quarterly
Institution:
Council of the Americas
Abstract:
Latin America and the Caribbean is experiencing a dramatic surge of its middle class. In just a decade, the proportion of people in Latin America and the Caribbean with a daily per capita income (in purchasing power parity) between $10 and $50 a day went from around one-fifth to one-third. For the first time in history, there are as many people in the middle class as there are in moderate poverty (i.e., per capita earnings below $4 per day). This socioeconomic shift stems largely from the sustained rates of economic growth in the 2000s that in most—though not all— countries trickled down and generated higher incomes. But growth in the 2000s was not exclusive to Latin America and the Caribbean. While the industrialized world was facing a challenging decade, many emerging economies surfed past the global turbulences and continued to grow, lifting people out of poverty and feeding the ranks of their middle classes.
Topic:
Poverty
Political Geography:
Latin America and Caribbean

274. The Middle Class Market Boom

Author:
Maria-Eugenia Boza
Publication Date:
03-2014
Content Type:
Journal Article
Journal:
Americas Quarterly
Institution:
Council of the Americas
Abstract:
There's been an amazing revolution in the global commercial landscape. The developing world has emerged as one of the most promising wholesale and retail markets. Many of these regions in the past were valued primarily as a source of cheap labor—often in maquilas and sweatshops. Today they are seen as a source of new consumers.
Political Geography:
China, India, and Latin America

275. Ask the Experts

Author:
Alicia Barcena, Franciso Rivera-Batiz, Georges Haddad, and Rebeca Grynspan
Publication Date:
03-2014
Content Type:
Journal Article
Journal:
Americas Quarterly
Institution:
Council of the Americas
Abstract:
Educational achievement has always marked and defined the middle class. Public policies that have led to mass access to education have led to a broad-based improvement in educational accomplishments, among them higher completion rates in secondary and tertiary education. This has led to more upward mobility in terms of earnings and types of occupation. Still, there has been an education depreciation effect. The higher the average years of schooling, the more demanding the labor market becomes in rewarding those educational achievements. Many non-manual jobs that require more schooling often see their rate of return to education deteriorate. As those non-manual jobs pay less for schooled employees, their workers fall below the income threshold characteristic of the middle class.
Topic:
Education
Political Geography:
United States and Latin America

276. Double Profit: Financing Consumers

Author:
Alana Tummino
Publication Date:
03-2014
Content Type:
Journal Article
Journal:
Americas Quarterly
Institution:
Council of the Americas
Abstract:
Across Latin America, retailers, telecommunications companies and shopping malls are reaping the benefits of a growing middle class that is able to shop more and spend more. According to McKinsey Company, Latin America is one of the largest emerging markets in the world with a combined GDP of $3.2 trillion, boasting triple the GDP per capita of China and seven times that of India.
Topic:
Emerging Markets
Political Geography:
China, India, and Latin America

277. Latin America's mortgage market — Human rights threats — Brazil's World Cup and Olympics readiness.

Author:
Luis Cubeddu, Camilo Tovar, and Evridiki Tsounta
Publication Date:
03-2014
Content Type:
Journal Article
Journal:
Americas Quarterly
Institution:
Council of the Americas
Abstract:
Since 2003, mortgage credit in Latin America has expanded at an annual rate of 14 percent (adjusted for inflation)—well above rates observed in emerging Asia but below the exorbitant rates seen in emerging Europe before its housing bust. The region's credit expansion has been accompanied by burgeoning real estate prices and construction activity—now representing more than 6 percent of GDP, higher than in emerging Asia or Europe. Mortgage growth has been particularly strong in Brazil, where the five-fold increase in mortgage credit since 2007 has been accompanied by a near tripling of house prices in the main metropolitan areas.
Topic:
Human Rights
Political Geography:
Brazil and Latin America

278. Promoting the International Use of Emerging Country Currencies: The Case of Local Currency Debt Issuance for Latin America and the Caribbean

Author:
Andrew Powell
Publication Date:
01-2014
Content Type:
Working Paper
Institution:
Centre for International Governance Innovation
Abstract:
There are many dimensions to the international use of a nation's currency. These include the use of a currency for trade invoicing and settlement, the use of a currency to denominate assets to be held as a store of value, for example, as central bank reserves, and the use of a currency to denominate liabilities such as loans or bonds.
Topic:
Debt, Economics, and Governance
Political Geography:
Latin America and Caribbean

279. A High-Carbon Partnership? Chinese-Latin American Relations in a Carbon-Constrained World

Author:
Timmons Roberts and Guy Edwards
Publication Date:
03-2014
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
China's rapidly increasing investment, trade and loans in Latin America may be entrenching high-carbon development pathways in the region, a trend scarcely mentioned in policy circles. High-carbon activities include the extraction of fossil fuels and other natural resources, expansion of large-scale agriculture and the energy-intensive stages of processing natural resources into intermediate goods. This paper addresses three examples, including Chinese investments in Venezuela's oil sector and a Costa Rican oil refinery, and Chinese investment in and purchases of Brazilian soybeans. We pose the question of whether there is a tie between China's role in opening up vast resources in Latin America and the way those nations make national climate policy and how they behave at the United Nations Framework Convention on Climate Change (UNFCCC) negotiations. We focus on the period between the 2009 Copenhagen round of negotiations and the run-up to the Paris negotiations scheduled for 2015, when the UNFCCC will attempt to finalize a successor agreement to the Kyoto Protocol.
Topic:
Agriculture, Development, International Trade and Finance, Oil, Natural Resources, and Foreign Direct Investment
Political Geography:
China and Latin America

280. Effective Public Policies and Active Citizenship: Brazil's experience of building a food and nutrition security system

Author:
Marília Leão and Renato S. Maluf
Publication Date:
02-2014
Content Type:
Working Paper
Institution:
Oxfam Publishing
Abstract:
Brazil has achieved promising results in the fight against hunger and poverty. This paper describes the path toward building a new governance framework for the provision of public policies that initiated a virtuous cycle for the progressive elimination of hunger and poverty. However, it is important to emphasize that the country continues to be characterized by dynamics that generate inequalities and threaten social and environmental justice.
Topic:
Agriculture, Economics, Poverty, Food, and Governance
Political Geography:
Brazil and Latin America