The Macroeconomics Of Populism In Latin America

Author : Rudiger Dornbusch
Publisher : University of Chicago Press
ISBN 13 : 0226158489
Total Pages : 416 pages
Book Rating : 4.88/5 ( download)

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Download or read book The Macroeconomics of Populism in Latin America written by Rudiger Dornbusch and published by University of Chicago Press. This book was released on 2007-12-01 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: Again and again, Latin America has seen the populist scenario played to an unfortunate end. Upon gaining power, populist governments attempt to revive the economy through massive spending. After an initial recovery, inflation reemerges and the government responds with wage an price controls. Shortages, overvaluation, burgeoning deficits, and capital flight soon precipitate economic crisis, with a subsequent collapse of the populist regime. The lessons of this experience are especially valuable for countries in Eastern Europe, as they face major political and economic decisions. Economists and political scientists from the United States and Latin America detail in this volume how and why such programs go wrong and what leads policymakers to repeatedly adopt these policies despite a history of failure. Authors examine this pattern in Argentina, Brazil, Chile, Mexico, Nicaragua, and Peru—and show how Colombia managed to avoid it. Despite differences in how each country implemented its policies, the macroeconomic consequences were remarkably similar. Scholars of Latin America will find this work a valuable resource, offering a distinctive macroeconomic perspective on the continuing controversy over the dynamics of populism.

Author : Rudiger Dornbusch
Publisher :
ISBN 13 : 9780226158440
Total Pages : 402 pages
Book Rating : 4.46/5 ( download)

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Download or read book The Macroeconomics of Populism in Latin America written by Rudiger Dornbusch and published by . This book was released on 1991-01 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: Again and again, Latin America has seen the populist scenario played to an unfortunate end. Upon gaining power, populist governments attempt to revive the economy through massive spending. After an initial recovery, inflation reemerges and the government responds with wage an price controls. Shortages, overvaluation, burgeoning deficits, and capital flight soon precipitate economic crisis, with a subsequent collapse of the populist regime. The lessons of this experience are especially valuable for countries in Eastern Europe, as they face major political and economic decisions. Economists and political scientists from the United States and Latin America detail in this volume how and why such programs go wrong and what leads policymakers to repeatedly adopt these policies despite a history of failure. Authors examine this pattern in Argentina, Brazil, Chile, Mexico, Nicaragua, and Peru—and show how Colombia managed to avoid it. Despite differences in how each country implemented its policies, the macroeconomic consequences were remarkably similar. Scholars of Latin America will find this work a valuable resource, offering a distinctive macroeconomic perspective on the continuing controversy over the dynamics of populism.

Author : Rudiger Dornbusch
Publisher :
ISBN 13 :
Total Pages : 424 pages
Book Rating : 4.84/5 ( download)

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Download or read book The Macroeconomics of Populism in Latin America written by Rudiger Dornbusch and published by . This book was released on 1991 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: Comprises 11 papers which explore the economic consequences of populism in Latin America. Looks at definitions of populism and addresses aspects of populist economics' doctrine and policies. Describes populist experiences in six Latin American countries and examines the absence of populism in recent Colombian history. Discusses why these programmes go wrong and why policy makers repeatedly adopt these policies despite a history of failure. Covers mainly the 1970s and 1980s.

Author : Sebastian Edwards
Publisher : University of Chicago Press
ISBN 13 : 0226184803
Total Pages : 308 pages
Book Rating : 4.07/5 ( download)

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Download or read book Left Behind written by Sebastian Edwards and published by University of Chicago Press. This book was released on 2010-06-15 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: The political and economic history of Latin America has been marked by great hopes and even greater disappointments. Despite abundant resources—and a history of productivity and wealth—in recent decades the region has fallen further and further behind developed nations, surpassed even by other developing economies in Southeast Asia and elsewhere. In Left Behind, Sebastian Edwards explains why the nations of Latin America have failed to share in the fruits of globalization and forcefully highlights the dangers of the recent turn to economic populism in the region. He begins by detailing the many ways Latin American governments have stifled economic development over the years through excessive regulation, currency manipulation, and thoroughgoing corruption. He then turns to the neoliberal reforms of the early 1990s, which called for the elimination of deficits, lowering of trade barriers, and privatization of inefficient public enterprises—and which, Edwards argues, held the promise of freeing Latin America from the burdens of the past. Flawed implementation, however, meant the promised gains of globalization were never felt by the mass of citizens, and growing frustration with stalled progress has led to a resurgence of populism throughout the region, exemplified by the economic policies of Venezuela’sHugo Chávez. But such measures, Edwards warns, are a recipe for disaster; instead, he argues, the way forward for Latin America lies in further market reforms, more honestly pursued and fairly implemented. As an example of the promise of that approach, Edwards points to Latin America's giant, Brazil, which under the successful administration of President Luis Inácio da Silva (Lula) has finally begun to show signs of reaching its true economic potential. As the global financial crisis has reminded us, the risks posed by failing economies extend far beyond their national borders. Putting Latin America back on a path toward sustained growth is crucial not just for the region but for the world, and Left Behind offers a clear, concise blueprint for the way forward.

Author : Petar Stankov
Publisher : Routledge
ISBN 13 : 100020071X
Total Pages : 94 pages
Book Rating : 4.13/5 ( download)

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Download or read book The Political Economy of Populism written by Petar Stankov and published by Routledge. This book was released on 2020-07-21 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Political Economy of Populism explores the interplay between identity, the economy and inequality to explain the dynamics of populist votes since the beginning of the 20th century. The book discusses the political and economic implications of populist governance using data on populist incumbencies and linking it to historical data on the macro economy and democracy. Chapters draw from the most recent political science, economics and other social science literature, as well as historical data, to explain the long-term causes and consequences of populism. Populism emerges and gains traction when political entrepreneurs exploit underlying identity conflicts for political gains. As the distributional consequences of both economic distress and economic growth typically favor the elite over the poor and the lower middle class, economic shocks usually sharpen the underlying identity conflicts between the groups. The book provides evidence of significant differences in the ways fiscal and monetary policies are conducted by incumbent populists in Latin America, Europe and the OECD. The work concludes by suggesting avenues through which a 21st century social consensus can be built, so that our society can avoid repeating the mistakes that led to wars and failed economic experiments in the 20th century. The Political Economy of Populism marks a significant contribution to the study of populism and is suited to students and scholars across the social sciences, including economics, political science and sociology.

Author : Beatriz Armendariz
Publisher : MIT Press
ISBN 13 : 0262337878
Total Pages : 461 pages
Book Rating : 4.78/5 ( download)

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Download or read book The Economics of Contemporary Latin America written by Beatriz Armendariz and published by MIT Press. This book was released on 2017-05-05 with total page 461 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analysis of Latin America's economy focusing on development, covering the colonial roots of inequality, boom and bust cycles, labor markets, and fiscal and monetary policy. Latin America is richly endowed with natural resources, fertile land, and vibrant cultures. Yet the region remains much poorer than its neighbors to the north. Most Latin American countries have not achieved standards of living and stable institutions comparable to those found in developed countries, have experienced repeated boom-bust cycles, and remain heavily reliant on primary commodities. This book studies the historical roots of Latin America's contemporary economic and social development, focusing on poverty and income inequality dating back to colonial times. It addresses today's legacies of the market-friendly reforms that took hold in the 1980s and 1990s by examining successful stabilizations and homemade monetary and fiscal institutional reforms. It offers a detailed analysis of trade and financial liberalization, twenty–first century-growth, and the decline in poverty and income inequality. Finally, the book offers an overall analysis of inclusive growth policies for development—including gender issues and the informal sector—and the challenges that lie ahead for the region, with special attention to pressing demands by the vibrant and vocal middle class, youth unemployment, and indigenous populations.

Author : Jeffrey Sachs
Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.22/5 ( download)

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Download or read book Social Conflict and Populist Policies in Latin America written by Jeffrey Sachs and published by . This book was released on 1990 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: The central hypothesis of this paper is that high income inequality in Latin America contributes to intense political pressures for macroeconomic policies to raise the incomes of lower income groups, which in turn contributes to bad policy choices and weak economic performance. The paper looks in detail at one common type of policy failure: the populist policy cycle. This particular type of Latin American policymaking, characterized by overly expansionary macroeconomic policies which lead to high inflation and severe balance of payments crises, has been repeated so often, and with such common characteristics, that it plainly reveals the linkages from social conflict to poor economic performance.

Author : Michael L. Conniff
Publisher : University of Alabama Press
ISBN 13 : 0817357092
Total Pages : 241 pages
Book Rating : 4.92/5 ( download)

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Download or read book Populism in Latin America written by Michael L. Conniff and published by University of Alabama Press. This book was released on 2012-07-31 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: This updated edition of Populism in Latin America discusses new developments in populism as a political phenomenon and the emergence of new populist political figures in Mexico, Argentina, and Venezuela in particular. For more than one hundred years—from the beginning of the twentieth to the early twenty-first century—Latin American populists proved amazingly successful at gaining high office, holding on to power, maintaining their followings, and renewing their careers. They raised more campaign money, got more voters to the polls,and held followers’ allegiances far better than traditional politicians. Certainly some populist leaders were corrupt, others manipulated their followers, and still others disgraced themselves. Nevertheless, populist leaders were extraordinarily effective in reaching masses of voters, and some left positive legacies for future generations. Populism in Latin America examines the notion of populism in the political and social culture of Latin American societies as expressed through the populist leaders of several Latin American countries including Argentina, Brazil, Mexico, Chile, Ecuador, Panama, Peru, and Venezuela. This second edition also includes a new preface by Kenneth M. Roberts, professor of comparative and Latin American politics and the Robert S. Harrison Director of the Institute for the Social Sciences at Cornell University. Contributors Jorge Basurto / Michael L. Conniff / Paul W. Drake / Steve Ellner / Joel Horowitz / Kenneth M. Roberts / W. Frank Robinson /Ximena Sosa / Steve Stein / Kurt Weyland

Author : Bettina De Souza Guilherme
Publisher : Springer Nature
ISBN 13 : 3030548953
Total Pages : 372 pages
Book Rating : 4.57/5 ( download)

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Download or read book Financial Crisis Management and Democracy written by Bettina De Souza Guilherme and published by Springer Nature. This book was released on 2020-12-09 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book discusses financial crisis management and policy in Europe and Latin America, with a special focus on equity and democracy. Based on a three-year research project by the Jean Monnet Network, this volume takes an interdisciplinary, comparative approach, analyzing both the role and impact of the EU and regional organizations in Latin America on crisis management as well as the consequences of crisis on the process of European integration and on Latin America’s regionalism. The book begins with a theoretical introduction, exploring the effects of the paradigm change on economic policies in Europe and in Latin America and analyzing key systemic aspects of the unsustainability of the present economic system explaining the global crises and their interconnections. The following chapters are divided into sections. The second section explores aspects of regional governance and how the economic and financial crises were managed on a macro level in Europe and Latin America. The third and fourth sections use case studies to drill down to the impact of the crises at the national and regional levels, including the emergence of political polarization and rise in populism in both areas. The last section presents proposals for reform, including the transition from finance capitalism to a sustainable real capitalism in both regions and at the inter-regional level of EU-LAC relations.The volume concludes with an epilogue on financial crises, regionalism, and domestic adjustment by Loukas Tsoukalis, President of the Hellenic Foundation for European and Foreign Policy (ELIAMEP). Written by an international network of academics, practitioners and policy advisors, this volume will be of interest to researchers and students interested in macroeconomics, comparative regionalism, democracy, and financial crisis management as well as politicians, policy advisors, and members of national and regional organizations in the EU and Latin America.

Author : Diana Kapiszewski
Publisher : Cambridge University Press
ISBN 13 : 1108842046
Total Pages : 587 pages
Book Rating : 4.44/5 ( download)

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Download or read book The Inclusionary Turn in Latin American Democracies written by Diana Kapiszewski and published by Cambridge University Press. This book was released on 2021-02-04 with total page 587 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume analyzes how enduring democracy amid longstanding inequality engendered inclusionary reform in contemporary Latin America.