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192. Living with Hugo: U.S. Policy Toward Hugo Chávez's Venezuela
- Author:
- Richard Lapper
- Publication Date:
- 11-2006
- Content Type:
- Working Paper
- Institution:
- Council on Foreign Relations
- Abstract:
- The popularity of the new political and economic model being developed in Venezuela has been a consistent source of aggravation for the U.S. government. Since first winning the presidency in December 1998, Hugo Chávez has been able through repeated electoral victories and radical constitutional reform to dominate Venezuela's government and public institutions. Undaunted by stiff U.S. opposition, President Chávez has launched what he calls a Bolivarian revolution, named after Simón Bolívar, a nineteenth-century leader of Latin America's independence wars. Chávez has reasserted the role of the state in the Venezuelan economy and developed extensive social programs to advance an anti- U.S., anti-capitalist crusade. New or newly reinvigorated alliances with established U.S. adversaries have helped internationalize Chávez's aims. Most alarming to those concerned with the health of Venezuelan democracy, Chávez and his allies have concentrated political power in the hands of the executive, curtailed the independence of the judiciary, shown limited tolerance for domestic critics, and openly intervened in the electoral politics of neighboring states.
- Topic:
- Conflict Prevention, Foreign Policy, Development, Economics, and Politics
- Political Geography:
- United States, South America, and Latin America
193. Real Income Stagnation of Countries, 1960-2001
- Author:
- Sanjay Reddy and Camelia Minoiu
- Publication Date:
- 04-2006
- Content Type:
- Working Paper
- Institution:
- Institute for Social and Economic Research and Policy at Columbia University
- Abstract:
- This paper examines the phenomenon of real-income stagnation (in which real-income growth is uninterruptedly negligible or negative for a sizable sequence of years). The authors analyze data for four decades from a large cross-section of countries. Real income stagnation is a conceptually distinct phenomenon from low average growth and other features of the growth sequence that have been previously considered. The authors find that real income stagnation has affected a significant number of countries (103 out of 168), and resulted in substantial income loss. Countries that suffered spells of real income stagnation were more likely to be poor, in Latin America or sub-Saharan Africa, conflict ridden and dependent on primary commodity exports. Stagnation is also very likely to persist over time. Countries that were afflicted with stagnation in the 1960s had a likelihood of seventy-five percent of also being afflicted with stagnation in the 1990s.
- Topic:
- Economics, International Political Economy, and International Trade and Finance
- Political Geography:
- Africa and Latin America
194. Privatization: A Summary Assessment
- Author:
- John Nellis
- Publication Date:
- 03-2006
- Content Type:
- Working Paper
- Institution:
- Center for Global Development
- Abstract:
- In the last 25 years many thousands of formerly state-owned and operated firms have been privatized in developing and transition countries, generating over $400 billion (US) in sales proceeds. In addition, thousands of firms have been transferred by privatization processes in which no money was raised (though a surprising number of state-owned firms remain in these regions). The vast majority of economic studies praise privatization's positive impact at the level of the firm, as well as its positive macroeconomic and welfare contributions. Moreover, contrary to popular conception, privatization has not contributed to maldistribution of income or increased poverty——at least in the best-studied Latin American cases. In sum, the technical picture is generally positive. Nonetheless, public opinion in the less developed world is generally suspicious of, and often hostile to, privatization. A good part of the problem is that privatization has proven harder to launch, and is more likely to produce errant results, in low-income, institutionally weak states, particularly in the most important infrastructure sectors. Privatization is hard to sell politically; it has become a lightning rod and handy scapegoat for all discontent related to liberalization and globalization. What is needed are reform mechanisms that give incentives and comfort to reputable private investors, that create and sustain the policy and regulatory institutions that make governments competent and honest partners with the private operators, while at the same time protecting consumers, particularly the most disadvantaged, from abuse.
- Topic:
- Development, Economics, Government, and Privatization
- Political Geography:
- Latin America
195. Privatization--A Summary Assessment
- Author:
- John Nellis
- Publication Date:
- 03-2006
- Content Type:
- Working Paper
- Institution:
- Center for Global Development
- Abstract:
- In the last 25 years many thousands of formerly state-owned and operated firms have been privatized in developing and transition countries, generating over $400 billion (US) in sales proceeds. In addition, thousands of firms have been transferred by privatization processes in which no money was raised (though a surprising number of state-owned firms remain in these regions). The vast majority of economic studies praise privatization's positive impact at the level of the firm, as well as its positive macroeconomic and welfare contributions. Moreover, contrary to popular conception, privatization has not contributed to maldistribution of income or increased poverty——at least in the best-studied Latin American cases. In sum, the technical picture is generally positive. Nonetheless, public opinion in the less developed world is generally suspicious of, and often hostile to, privatization. A good part of the problem is that privatization has proven harder to launch, and is more likely to produce errant results, in low-income, institutionally weak states, particularly in the most important infrastructure sectors. Privatization is hard to sell politically; it has become a lightning rod and handy scapegoat for all discontent related to liberalization and globalization. What is needed are reform mechanisms that give incentives and comfort to reputable private investors, that create and sustain the policy and regulatory institutions that make governments competent and honest partners with the private operators, while at the same time protecting consumers, particularly the most disadvantaged, from abuse.</p
- Topic:
- Development, Economics, Political Economy, and Privatization
- Political Geography:
- Latin America
196. Food Retailing, Supermarkets and Food Security: Highlights from Latin America
- Author:
- Mehmet Arda
- Publication Date:
- 09-2006
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- The importance of supermarkets in the world food economy has increased radically since the early 1990s. They are now major sellers and buyers of food items not only in developed but also in developing countries. Urbanization and the liberalization of the services sector have been important facilitators of this process.
- Topic:
- Development, Economics, and Human Welfare
- Political Geography:
- Latin America and Central America
197. Why Have All Development Strategies Failed in Latin America?
- Author:
- Guillermo Rozenwurcel
- Publication Date:
- 02-2006
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- After the Great Depression and throughout the rest of the twentieth century, Latin American countries basically approached economic development following two successive and quite opposed strategies. The first one was import substitution industrialization. The second was the so-called Washington Consensus approach. While the two views were founded on quite opposite premises, neither the import substitution industrialization nor the Washington Consensus managed to deliver sustained economic development to Latin American countries. Two domestic elements are crucial to understand this outcome. One is the failure of the state. The second is the inability to achieve mature integration into the world economy.
- Topic:
- Development, Economics, and Government
- Political Geography:
- Washington, South America, and Latin America
198. Why Foreign Aid to Haiti Failed: (and How to Do It Better Next Time)
- Author:
- Terry F. Buss and Adam Gardner
- Publication Date:
- 02-2006
- Content Type:
- Working Paper
- Institution:
- The National Academy of Public Administration
- Abstract:
- Haiti—an island [shared with the Dominican Republic] country of 8 million people about the size of Maryland just 600 miles off the coast of Florida—is an extreme case: it has received billions in foreign assistance, yet persists as one of the poorest and worst governed countries. Haiti is strategically important to the United States because of its location; perpetual state of violence and instability affecting the region; support for drug trafficking; potential as a trading partner; strong ties to a large Haitian-American diaspora; counterbalance to Communist Cuba; and relationship with the Latin American and Caribbean community.
- Topic:
- Economics, Poverty, Bilateral Relations, Foreign Aid, and Governance
- Political Geography:
- United States, Cuba, Latin America, Caribbean, and Florida
199. Timely Demise for Free Trade Area of the Americas
- Author:
- Laura Carlsen
- Publication Date:
- 11-2005
- Content Type:
- Policy Brief
- Institution:
- Foreign Policy In Focus
- Abstract:
- The stage was set for a showdown. When the Bush cabinet announced intentions to revive the moribund Free Trade Area of the Americas at the Fourth Summit of the Americas in Mar del Plata, the countries of the Southern Common Market closed ranks to prevent it. What followed was a diplomatic melee that reflects not so much divisions within Latin America, as a growing resistance to the current free trade model throughout the developing world.
- Topic:
- Economics and International Trade and Finance
- Political Geography:
- South America, Latin America, and North America
200. Dark Armies, Secret Bases, and Rummy, Oh My!
- Author:
- Conn Hallinan
- Publication Date:
- 11-2005
- Content Type:
- Policy Brief
- Institution:
- Foreign Policy In Focus
- Abstract:
- It would be easy to make fun of President Bush's recent fiasco at the 4th Summit of the Americas in Mar del Plata, Argentina. His grand plan for a free trade zone reaching from the Artic Circle to Tierra del Fuego was soundly rejected by nations fed up with the economic and social chaos wrought by neoliberalism. At a press conference, South American journalists asked him rude questions about Karl Rove. And the President ended the whole debacle by uttering what may be the most trenchant observation the man has ever made on Latin America: "Wow! Brazil is big!"
- Topic:
- Economics and Government
- Political Geography:
- United States, Argentina, South America, and Latin America