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The mistakes the United States has made in Latin America—and the high price it will pay for them Could it be that for the first time in history, the United States needs Latin America more than the other way round? Since the early 1800s, the United States regarded the region as its “backyard,” but in the past decade South America’s leaders have increasingly snubbed US efforts to persuade them to adopt free-market economics and sign trade agreements. While Washington has been distracted by military campaigns elsewhere, rivals such as China, Russia, and Iran have expanded their clout in Latin America, and US influence in the region has fallen to a historic low—at the very time that the United States has become more dependent than ever on exporting to Latin America and importing its oil. Combining sharp wit and great storytelling with trenchant analysis, Hal Weitzman examines how America “lost the South” and argues that if the United States is to find a new role in a world of emerging superpowers, it must reengage with Latin America. Charts the rise of resource nationalism—in which governments take increasing control of natural resources and squeeze multinational corporations—in South America and across the world Illustrates analytical points with vivid stories—such as the disappearance of the Panama hat or the sweater Evo Morales wore throughout a world tour—and interviews with presidents, policymakers, and protesters Written by a Financial Times journalist who formerly served as its Andes correspondent based in Lima, Peru
Since the early 1980s, Latin American countries have been innovative in a range of policy and cultural experiences, including health care, voting, pensions, and multiculturalism. And yet, their policy innovations are rarely found in textbooks. This book addresses that gap, providing a fascinating and wide-ranging exploration of both the history of "looking down" at Latin America and the political, economic, and cultural "lessons" (including successes, failures, and unintended consequences) that should inform important policy discussions around the world.
Law and Employment analyzes the effects of regulation and deregulation on Latin American labor markets and presents empirically grounded studies of the costs of regulation. Numerous labor regulations that were introduced or reformed in Latin America in the past thirty years have had important economic consequences. Nobel Prize-winning economist James J. Heckman and Carmen Pagés document the behavior of firms attempting to stay in business and be competitive while facing the high costs of complying with these labor laws. They challenge the prevailing view that labor market regulations affect only the distribution of labor incomes and have little or no impact on efficiency or the performance of labor markets. Using new micro-evidence, this volume shows that labor regulations reduce labor market turnover rates and flexibility, promote inequality, and discriminate against marginal workers. Along with in-depth studies of Colombia, Peru, Brazil, Argentina, Chile, Uruguay, Jamaica, and Trinidad, Law and Employment provides comparative analysis of Latin American economies against a range of European countries and the United States. The book breaks new ground by quantifying not only the cost of regulation in Latin America, the Caribbean, and in the OECD, but also the broader impact of this regulation.
For decades, the prevailing sentiment was that, since geography is unchangeable, there is no reason why public policies should take it into account. In fact, charges that geographic interpretations of development were deterministic, or even racist, made the subject a virtual taboo in academic and policymaking circles alike. 'Is Geography Destiny?' challenges that premise and joins a growing body of literature studying the links between geography and development. Focusing on Latin America, the book argues that based on a better understanding of geography, public policy can help control or channel its influence toward the goals of economic and social development.
This 9th volume of International Development Policy looks at recent paradigmatic innovations and related development trajectories in Latin America, with a particular focus on the Andean region. It examines the diverse development narratives and experiences in countries such as Bolivia, Colombia, Ecuador and Peru during a period of high commodity prices associated with robust growth, poverty alleviation and inequality reduction. Highlighting propositions such as buen vivir, this thematic volume questions whether competing ideologies and discourses have translated into different outcomes, be it with regard to environmental sustainability, social progress, primary commodity dependence, or the rights of indigenous peoples. This collection of articles aims to enrich our understanding of recent development debates and processes in Latin America, and what the rest of the world can learn from them. Contributors include: Adriana Erthal Abdenur, Alberto Acosta, Ana Elizabeth Bastida, Luis Bustos, Humberto Campodónico, Gilles Carbonnier, Ana Patricia Cubillo-Guevara, Fernando Eguren, Ricardo Fuentes-Nieva, Eduardo García, Javier Herrera, Antonio Luis Hidalgo-Capitán, Robert Muggah, Gianandrea Nelli Feroci, José Antonio Ocampo, Camilo Andrés Peña Galeano, Guillermo Perry, Darío Indalecio Restrepo Botero, Sergio Tezanos Vázquez, and Frédérique Weyer.
Workers' remittances have become a major source of financing for developing countries and are especially important in Latin America and the Caribbean, which is at the top of the ranking of remittance receiving regions in the world. While there has been a recent surge in analytical work on the topic, this book is motivated by the large heterogeneity in migration and remittance patterns across countries and regions, and by the fact that existing evidence for Latin America and the Caribbean is restricted to only a few countries, such as Mexico and El Salvador. Because the nature of the phenomenon varies across countries, its development impact and policy implications are also likely to differ in ways that are still largely unknown. This book helps fill the gap by exploring, in the specific context of Latin America and Caribbean countries, some of the main questions faced by policymakers when trying to respond to increasing remittances flows. The book relies on cross-country panel data and household surveys for 11 Latin American countries to explore the development impact of remittance flows along several dimensions: growth, poverty, inequality, schooling, health, labor supply, financial development, and real exchange rates.
"The volume emerged out of two conferences on informal institutions. The first, entitled 'Informal Institutions and Politics in the Developing World, ' was held at Harvard University in April 2002 ... The second conference, entitled 'Informal Institutions and Politics in Latin America: Understanding the Rules of the Game, ' was held at the Kellogg Institute for International Studies, University of Notre Dame, in April 2003"--Pref
From the United States to the United Kingdom and from China to India, growing inequality has led to social discontent and the emergence of populist parties, also contributing to economic crises. We urgently need a better understanding of the roots and costs of these income gaps. The Costs of Inequality draws on the experience of Latin America, one of the most unequal regions of the world, to demonstrate how inequality has hampered economic growth, contributed to a lack of good jobs, weakened democracy, and led to social divisions and mistrust. In turn, low growth, exclusionary politics, violence and social mistrust have reinforced inequality, generating various vicious circles. Latin America thus provides a disturbing image of what the future may hold in other countries if we do not act quickly. It also provides some useful lessons on how to fight income concentration and build more equitable societies.
Gender and Sustainability deals with women's struggles to contend with global forces—environmental change, economic development, discrimination and stereotyping about the roles of women, and diminishing access to natural resources—not in the abstract but in everyday life. It addresses the lived complexities of the relationship between gender and sustainability.
The UN currently estimates that there are about 837 million urban slum dwellers worldwide, and this figure is likely to rise to 1.5 billion by 2020 if current trends are not reversed. This book offers five geographically and institutionally diverse case studies from Latin America, where some of the longest-running and most successful programmes in this field have been conducted. These programmes, involving a wide variety of funding arrangements and agencies, demonstrate the positive impact that community participation and people-oriented service solutions can have on slum upgrading efforts in low income urban areas.