The Evolving Role of Manufacturing in Economic Development

2018 ◽  
pp. 146-173
Author(s):  
Richard M. Auty ◽  
Haydn I. Furlonge
Keyword(s):  
Economic Development ◽  
Latin America ◽  
East Asia ◽  
Latin American ◽  
Comparative Advantage ◽  
Best Practice ◽  
Import Substitution ◽  
Dutch Disease ◽  
Budget Constraints ◽  
Soft Budget Constraints

Differences in industrial policy explain why Latin America lost its head start in economic development to East Asia. Latin America persisted with industrialization by import substitution under soft budget constraints, which failed to mature and generate adequate foreign exchange and government revenues. In contrast, East Asia abandoned import substitution early to pursue competitive industrialization under hard budget constraints that incentivized rapid sector maturation. East Asia is closing the productivity gap with the US, but Taiwan’s cautious competitive industrialization is more welfare-enhancing than South Korea’s aggressive big push. Chile pioneered Latin American reform in line with its comparative advantage in commodity-driven growth and successfully managed its mineral rent to become best practice. However, diversification remains constrained and economic growth has slowed. Brazilian reforms have been less effective than Chile in managing rents to minimize Dutch disease and curb growth-sapping rent-seeking. However, contrary to Rodrik, this chapter argues that Latin American structural change reflects realignment with comparative advantage and not premature deindustrialization.

scholarly journals Sectorial specialisation in East Asia and Latin America compared

2002 ◽  
Vol 22 (4) ◽  
pp. 613-634 ◽  
Author(s):  
MARCELA MIOZZO
Keyword(s):  
Economic Development ◽  
Latin America ◽  
East Asia ◽  
Latin American ◽  
East Asian ◽  
Institutional Arrangements ◽  
The Other ◽  
Asian Countries ◽  
The Government ◽  
Latin American Countries

ABSTRACT East Asian countries have been successful at specialising in machinery and capital goods. Latin American countries, on the other hand, have retreated from these sectors, reinforcing their specialisation in resource-intensive goods. Institutional arrangements in place in both regions explain these divergences. In particular, the differences in the strategy and structure of leading firms, the nature of industrial promotion by the government, the development and support of small and medium-sized firms and the operation of foreign-owned firms may explain the respective success and failure in sectoral specialisation in machinery. Failure to develop these sectors may hinder the process of economic development.

scholarly journals The Influence of Government Effectiveness and Corruption on the High Levels of Homicide in Latin America

2021 ◽  
Vol 10 (5) ◽  
pp. 172
Author(s):  
Spencer P. Chainey ◽  
Gonzalo Croci ◽  
Laura Juliana Rodriguez Forero
Keyword(s):  
Economic Development ◽  
Latin America ◽  
Latin American ◽  
International Variation ◽  
Government Effectiveness ◽  
Latin American Region ◽  
Socio Economic Development ◽  
Structural Variables ◽  
The Relationship ◽  
Latin America Region

Most research that has examined the international variation in homicide levels has focused on structural variables, with the suggestion that socio-economic development operates as a cure for violence. In Latin America, development has occurred, but high homicide levels remain, suggesting the involvement of other influencing factors. We posit that government effectiveness and corruption control may contribute to explaining the variation in homicide levels, and in particular in the Latin America region. Our results show that social and economic structural variables are useful but are not conclusive in explaining the variation in homicide levels and that the relationship between homicide, government effectiveness, and corruption control was significant and highly pronounced for countries in the Latin American region. The findings highlight the importance of supporting institutions in improving their effectiveness in Latin America so that reductions in homicide (and improvements in citizen security in general) can be achieved.

A great convergence: The American frontier and the origins of Japanese migration to Brazil

2021 ◽  
pp. 1-19
Author(s):  
Sidney Xu Lu
Keyword(s):  
Latin America ◽  
East Asia ◽  
Latin American ◽  
Ethnic Studies ◽  
Settler Colonialism ◽  
American Frontier ◽  
Westward Expansion ◽  
Meiji Japan ◽  
The Us ◽  
Two Sides

Abstract This article explains how the US westward expansion influenced and stimulated Japanese migration to Brazil. Emerging in the nineteenth century as expanding powers in East Asia and Latin America, respectively, both Meiji Japan and post-independence Brazil looked to the US westward expansion as a central reference for their own processes of settler colonialism. The convergence of Japan and Brazil in their imitation of US settler colonialism eventually brought the two sides together at the turn of the twentieth century to negotiate for the start of Japanese migration to Brazil. This article challenges the current understanding of Japanese migration to Brazil, conventionally regarded as a topic of Latin American ethnic studies, by placing it in the context of settler colonialism in both Japanese and Brazilian histories. The study also explores the shared experiences of East Asia and Latin America as they felt the global impact of the American westward expansion.

scholarly journals Three Waves of Populism in Latin America

2014 ◽  
pp. 153-160
Author(s):  
O. V. Varentsova
Keyword(s):  
Latin America ◽  
Latin American ◽  
Import Substitution ◽  
Third Wave ◽  
Political Regimes ◽  
Political Transitions ◽  
Playing Field ◽  
The Third ◽  
Neoliberal Reforms ◽  
Hugo Chavez

Contemporary political regimes in Venezuela and Bolivia led by late Hugo Châvez (now by his successor Nicolas Maduro) and Evo Morales are considered by foreign and Russian scholars as part of the third wave of populism. In the 20th century Latin America already witnessed two waves of populism which coincided with significant political transitions, namely a transition from oligarchy to mass politics accompanied by implementation of import substitution industrialization policies, and a transition from authoritarian rule to democracy during the third wave of democratization which triggered neoliberal reforms inspired by Washington Consensus. This article presents common characteristics of Latin American populist regimes that emerged in different historical periods which help identify the origins as well as distinctive features of Venezuelan and Bolivian political regimes. It is stated that the Châvez and Morales left populist regimes resemble classic populist regimes in that they rely on incendiary anti-establishment discourse. Therefore, left populist regimes are characterized by high levels of polarization as well as weak institutionalization and class or indigenous orientation. Election of left populist leaders may lead to institutional deadlock, uneven playing field and transition to competitive authoritarianism.

Latin America and the World Economy: Some Observations on External Indebtedness and the International Monetary System

1978 ◽  
Vol 20 (3) ◽  
pp. 321-339
Author(s):  
Aldo Ferrer
Keyword(s):  
Latin America ◽  
Latin American ◽  
World Economy ◽  
International Monetary System ◽  
Import Substitution ◽  
External Debt ◽  
Economic Recession ◽  
Balance Of Payments ◽  
Adjustment Process ◽  
The World

Since 1973 most of the Latin American countries have experienced deterioration in their balance of payments due to the economic recession in the industrial countries and the oil price increases. The consequent adjustment process has called for stricter regulation of domestic demand and new advances in import substitution. Adjustment was less painful due to access to private financing in the international capital markets which, however, produced a sharp increase in the external debt.This article does not propose to review the recent patterns of external payments, already extensively analyzed in the periodic reports of the UN Economic Commission for Latin America, the International Monetary Fund, and in other studies. Rather, it will attempt to emphasize some long-term changes in the world economy and in Latin America that influence the international participation of the region. It is in this context that the adjustment process of the balance of payments and the external debt should be evaluated.

New World Economic Development Trends and Latin America

2016 ◽  
Vol 60 (4) ◽  
pp. 48-60
Author(s):  
L. Klochkovsky
Keyword(s):  
Economic Development ◽  
Latin America ◽  
Latin American ◽  
New World ◽  
The United States ◽  
Economic Relations ◽  
Technological Gap ◽  
World Markets ◽  
The Future ◽  
World Economic

There are substantial changes in the evolution of world economy and world economic relations. The growth rates of international trade have diminished two-fold, the prices for oil and other commodities have fallen, and the competition on world markets has sharpened greatly. These new trends complicate fundamentally external conditions for the economic development of peripheral regions, especially Latin America. Latin American countries have reached a phase of considerable economic deceleration. Under these circumstances, there is an urgent need for reconsideration of key conclusions made by some Russian experts on the possibilities of the future economic and social growth of Latin America. The author examines the most discussed aspects of the Latin American modern economic situation – the deepening technological gap and slow rates of technological progress, the limited role of internal economic motive forces, the conservation of foreign economic dependence. The future of Latin America’s economic development is uncertain in many respects and will depend greatly on foreign economic conditions. The new world balance opened important additional possibilities for Latin America on world markets. China has converted into the second largest economic partner of the region. But there is a number of complicated problems in their relations that need an urgent regulation. At the same time, the strategic task for Latin America consists in finding of effective ways for further broadening of economic relations with the United States in terms of equality and mutual benefit.

State Musical Populisms

2020 ◽  
pp. 98-138
Author(s):  
Pablo Palomino
Keyword(s):  
Economic Development ◽  
Latin America ◽  
Music Education ◽  
Latin American ◽  
State Building ◽  
The State ◽  
Comparative History ◽  
Cultural Activism ◽  
History Of ◽  
The Masses

This chapter shows the emergence of a regional sense of Latin America as part of the musical pedagogy of the nationalist states at the peak of the state-building efforts to organize, through a variety of instruments of cultural activism, what at the time were called “the masses.” It analyzes particularly the cases of Brazil, Mexico, and Argentina—the three largest countries of the time in population and economic development—from the 1910s through the 1950s. It proposes a comparative history of Latin American musical populisms, focusing in particular on policies of music education, broadcasting, censorship, and experiences of state-sponsored collective singing.

Book Reviews: Political Ideas, Hobbes's Science of Politics, Adam Ferguson: The History of Civil Society, The Works of Joseph De Maistre, Rosa Luxemburg, Marxism in Modern France, Marxist Ideology in the Contemporary World, The Moral Challenge of Communism, The Principles of Politics, Pacifism: An Historical and Sociological Study, The Pacifist Conscience, Pacifisme Et Internationalisms, Non-Violent Action: Theory and Practice, The Mafia and Politics, The Honoured Society, The Foundations of Freedom, The Real World of Democracy, The Left in Europe since 1789, Conflict in Society, The Study of Society, Communication and Political Power, Greater London: The Politics of Metropolitan Reform, Guide to Decision: The Royal Commission, Tizard, A Peril and a Hope, The Scientific Estate, Cases and Materials on Constitutional and Administrative Law, Occasional Papers on Social Administration: No, Land Values, Pensions and Public Servants, Public Sector Pensions, The Responsible Society: The Ideas of Guild Socialism, The Growth of the British Party System, The Government of Northern Ireland: Public Finance and Public Services 1921–1964, An Atlas of European Affairs, Nordic Cooperation: Conference Organised by The Nordic Council at Hasselby, 2–4 June 1965, L'Union Economique Belgo—Luxembourgeoise: Experiences Et Perspectives D'Avenir, Western European Integration, Walter Hallstein: Bibliographie Seiner Veroffent-Lichungen, Europäische Gegenwart: Schriften Zur Europapo-Litik, Columbia Essays in International Affairs, European Challenge. Tuairim Pamphlet No. 11, The Uneasy Entente, The European Idea, Atomic Energy Policy in France under the Fourth Republic, Private Interest and Public Policy, Verbände Und Gesetzgebung, Wohin Treibt Die Bundesrepublik?, The Germans and their Modern History, Wirtschaft Und Politik in Deutschland, Demogratic Parties in the Low Countries and Germany, The Political Vocation, Private Power and American Democracy, The National Guard in Politics, Envoy Extraordinary, Nehru: A Contemporary's Estimate, The Philosophy of Mr. Nehru, Nehru: The Years of Power, Apprentice to Power: India, 1904–1908, Dawn of Renascent India, The Congress Ideology and Programme, 1920–47, South Asian Affairs, Number Two: The Movement for National Freedom in India, The Political Philosophy of M. N. Roy, Sarojini Naidu: A Biography, The Collected Works of Mahatma Gandhi (1884–1911), Conquest of Violence: The Gandhian Philosophy of Conflict, Gandhi and the Nuclear Age, Research on the Bureaucracy of Pakistan, Political Development in Pakistan, Buddhism or Communism, Religion and Politics in Burma, Communism in Africa, African Powder Keg, The Political Awakening of Africa, Pan-Africanism and East African Integration, Britain and the Commonwealth, Governments of the Commonwealth, Commonwealth for a Colour-Blind World, Unscrambling an Empire, A Decade of the Commonwealth, 1955–1964, The Establishment of the Department of Trade: A Case-Study in Administrative Organization, Administrative Questions and Political Answers, Planning and Forecasting in New Zealand, Decisions: Case Studies in Australian Administration, Economic Development, Politics of the Developing Nations, The Rise and Fall of Western Colonialism, The Political Basis of Economic Development, Political Oppositions in Western Democracies, Mathematics and Politics, The New Utopians, Symbols of American Community 1735–1775, The Case of Richard Sorge, An Instance of Treason, The Roots of Appeasement, Silesia, Yesterday and Today, Teuton and Slav, The Transfer of the Sudeten Germans, The Reluctant Ally, Rumania: Russia's Dissident Ally, The New Eastern Europe, Problems of National Strategy, Decision-Making for Deffnce, International Political Communication, Propaganda and the Cold War, The Effect of Independence on Treaties, United Nations and Domestic Jurisdiction, Cambridge Essays in International Law, The Inductive Approach to International Law, Politics and Power, Eine Welt Oder Keine?, The Dynamics of International Organization: The Making of World Order, International Behaviour: A Social-Psychological Analysis, Diplomatic Investigations, Theory and the International System, Annihilation and Utopia, The State of War, Nationalism Old and New, Dimensions Du Nationalisme, Protest in Tokyo: The Security Treaty Crisis of 1960, Soviet Strategies in South-East Asia, Defeating Communist Insurgency, towards Peace in Indo-China, South Vietnam: Nation under Stress, Communism in North Vietnam, Vietnam: History, Documents and Opinions on a Major World Crisis, Vietnam and the United States, Thailand and the Struggle for South-East Asia, Thailand and the United States, South-East Asia's Second Front, South Asia, International Economic Integration, Communist Economic Challenge, The Third World, The Economics of Competitive Coexistence, U.S, The Western Hemisphere Idea: Its Rise and Decline, American Support of Free Elections Abroad, The United States and Latin American Wars 1932–1942, The Unwritten Alliance, The Pan-American Federation of Labor, A Latin American Common Market?, Proceedings of a Seminar on Commonwealth Responsibilities for Security in the Indo-Pacific Region. Australian Institute of International Affairs and the Australian National University Defence Studies Project, The Anzus Treaty Alliance, Australian Policies and Attitudes Towards China, World Politics in the General Assembly, The United Nations in the Balance, United Nations: Then and now, The Glasshouse: The United Nations in Action, The Trauma of Decolonization: The Dutch and West New Guinea, De L'Impérialisme À La Décolonisation, Self-Determination Revisited in the Era of Decolonisation, The Elephants and the Grass, Afro-Asia and Non-Alignment

1967 ◽  
Vol 15 (2) ◽  
pp. 217-289
Author(s):  
Michael Levin ◽  
J. W. N. Watkins ◽  
A. S. Skinner ◽  
Alan Ryan ◽  
John Plamenatz ◽  
...  
Keyword(s):  
United States ◽  
Economic Development ◽  
United Nations ◽  
East Asia ◽  
International Law ◽  
Latin American ◽  
The United States ◽  
The Political ◽  
South East Asia ◽  
International Affairs
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