The Political Economy of Import-Substituting Industrialization in Latin America

Author(s):  
Albert O. Hirschman

This chapter surveys some characteristics of “import-substituting industrialization” in an attempt to appraise its evolution and the principal difficulties it has encountered. Some purely economic aspects of the problem are discussed, but particular attention is directed to interrelations with social and political life, as industrialization—one of the principal solutions for Latin America's development—has led to some feelings of disenchantment. It becomes necessary here to have a clear-eyed view of what “late-late” industrializing is; instead of exhaustion, this chapter posits that Latin Americans are confronted with the growing pains of having industrialized without an industrial revolution (basic social and political changes).

2020 ◽  
Vol 19 (1) ◽  
pp. 101-120
Author(s):  
Yousef M. Aljamal ◽  
Philipp O. Amour

There are some 700,000 Latin Americans of Palestinian origin, living in fourteen countries of South America. In particular, Palestinian diaspora communities have a considerable presence in Chile, Honduras, and El Salvador. Many members of these communities belong to the professional middle classes, a situation which enables them to play a prominent role in the political and economic life of their countries. The article explores the evolving attitudes of Latin American Palestinians towards the issue of Palestinian statehood. It shows the growing involvement of these communities in Palestinian affairs and their contribution in recent years towards the wide recognition of Palestinian rights — including the right to self-determination and statehood — in Latin America. But the political views of members of these communities also differ considerably about the form and substance of a Palestinian statehood and on the issue of a two-states versus one-state solution.


1966 ◽  
Vol 46 (3) ◽  
pp. 304
Author(s):  
Frank T. Bachmura ◽  
Wendell C. Gordon

Significance The region’s current tax and spending policies redistribute very little. The COVID-19 pandemic brought a deep and persistent recession, despite new spending, tax cuts and monetary easing aimed at limiting the damage. In December, the government of Argentina, which was particularly hard hit, passed a temporary (and additional) net wealth tax on the very richest households. Impacts OECD-led transparency efforts offer the long-sought possibility of taxing the foreign assets of wealthy Latin Americans. The pandemic will increase both existing inequalities and the need for tax revenues to finance social welfare and stimulus spending. Efforts to strengthen tax collection more broadly will likely be undertaken by governments across the political spectrum.


2018 ◽  
Vol 24 (45) ◽  
pp. 99
Author(s):  
Thiago Vargas

Retomando uma leitura política e social da Carta a d’Alembert proposta por Bento Prado Jr. e Luiz Roberto Salinas Fortes, este artigo busca estender e desdobrar algumas importantes implicações desta tradição de leitura: investigar uma reflexão econômica e os desenvolvimentos de uma economia política associada aos espetáculos, conforme apresentada na Carta. Afinal, contestando uma específica concepção de espetáculo defendida pelos enciclopedistas, Rousseau, sublinhando o caráter político presente nos debates sobre a atividade teatral, incessantemente se atenta para o contexto social e econômico no qual uma peça se insere. Neste contexto, considerando-se ainda a oposição que a Carta apresenta contra etnocentrismo dos philosophes, pretendemos analisar como então é desenvolvida uma crítica à ociosidade – ou uma apologia ao trabalho – que tem em vista fortalecer os argumentos dirigidos contra o teatro parisiense. Exploraremos, portanto, os aspectos de economia política que compõem a argumentação de Rousseau ao longo do texto. [Resuming a political and social reading on the Letter to d’Alembert proposed by Bento Prado Jr. and Luiz Roberto Salinas Fortes, this paper aims to further important consequences carried out by this tradition: to analyze an economic reflection and the developments of political economy thoughts associated with the theatre, as presented in Rousseau’s Letter to d’Alembert. Challenging a specific conception of spectacles advocated by the encyclopedists, Rousseau, highlighting the political character present in the discussions on the theatrical activity, draws attention to the social context in which a play takes place. In this context, and considering the opposition that the Letter presents against the philosophes’ ethnocentrism, we aim to analyze how a critique of idleness – or a praise of labor – is developed, with a view to strengthen the arguments pointed against the Parisian theatre. Most of all, we will seek to highlight the political and economic aspects that make up Rousseau’s arguments.]


Author(s):  
W. W. Rostow

I have tried in this book to summarize where the world economy has come from in the past three centuries and to set out the core of the agenda that lies before us as we face the century ahead. This century, for the first time since the mid-18th century, will come to be dominated by stagnant or falling populations. The conclusions at which I have arrived can usefully be divided in two parts: one relates to what can be called the political economy of the 21st century; the other relates to the links between the problem of the United States playing steadily the role of critical margin on the world scene and moving at home toward a solution to the multiple facets of the urban problem. As for the political economy of the 21st century, the following points relate both to U.S. domestic policy and U.S. policy within the OECD, APEC, OAS, and other relevant international organizations. There is a good chance that the economic rise of China and Asia as well as Latin America, plus the convergence of economic stagnation and population increase in Africa, will raise for a time the relative prices of food and industrial materials, as well as lead to an increase in expen ditures in support of the environment. This should occur in the early part of the next century, If corrective action is taken in the private markets and the political process, these strains on the supply side should diminish with the passage of time, the advance of science and innovation, and the progressively reduced rate of population increase. The government, the universities, the private sector, and the professions might soon place on their common agenda the delicate balance of maintaining full employment with stagnant or falling populations. The existing literature, which largely stems from the 1930s, is quite illuminating but inadequate. And the experience with stagnant or falling population in the the world economy during post-Industrial Revolution times is extremely limited. This is a subject best approached in the United States on a bipartisan basis, abroad as an international problem. It is much too serious to be dealt with, as it is at present, as a domestic political football.


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