Decentralized finance and SME in Latin America

2021 ◽  
Author(s):  
Juan Varaco
Keyword(s):  
Latin America ◽  
Latin American ◽  
Open Economy ◽  
Market Forces ◽  
Complex Environment ◽  
State Transformation ◽  
Economic Adjustment ◽  
Primary Qualities ◽  
Crucial Component ◽  
Present Trend

Latin America is undergoing a profound reorganization. Though the worst years of the recession seem tobe behind us, the future remains fraught with uncertainty. Latin American nations will need to adapt tooperating in an increasingly deregulated and open economy governed by market sovereignty in thecoming years. Commitment to market forces, on the other hand, should not entail the State ceasing tointervene in the economy, but rather redefining the scope and intensity of its engagement. Futurepublic policies should shift away from managing a basic reality defined by governmental laws andcontrols and toward managing a more complex environment defined by numerous actors, private andpublic, operating under competitive norms and interacting with one another. Within this broadercontext, decentralization processes emerge as a primary forum for state transformation. This articlediscusses the primary qualities that must be retained by an economic adjustment plan aimed atachieving compatible fundamental macroeconomic balances and ensuring democracy's survival. Second,the study argues for seeing the present trend toward decentralization not only as a political byproductof democratic consolidation, but as a crucial component of a broader strategy of positive adjustment.

Latin American Trade Strategy at Century's End

1999 ◽  
Vol 1 (2) ◽  
pp. 117-153 ◽  
Author(s):  
Carol Wise
Keyword(s):  
Latin American ◽  
Economic Performance ◽  
Competitive Strategy ◽  
Market Failure ◽  
Institutional Reform ◽  
Integration Scheme ◽  
Market Forces ◽  
Successful Completion ◽  
Economic Adjustment ◽  
Market Strategy

This paper tackles the question of trade strategy and differential economic performance in Latin America, with a focus on the four countries—Argentina, Brazil, Chile, and Mexico—most important for the successful completion of a full Western Hemispheric integration scheme. The analysis distinguishes between a ‘standard’ market strategy that assigns the task of economic adjustment to market forces, and a ‘competitive’ strategy that more actively employs a range of public policies to facilitate adjustment and correct for instances of market failure. The choices of strategy are explored against the backdrop of international pressures, government business relations, and institutional reform within the state. Two main conclusions are drawn: first, the competitive strategy strongly correlates with more favorable macro- and microeconomic outcomes and, second, mediocre economic performance under a standard market strategy has undermined the spirit of collective action that will be necessary to forge ahead at the hemispheric level.

The Dilemmas of Democracy in the Open Economy: Lessons from Latin America

2004 ◽  
Vol 56 (2) ◽  
pp. 262-302 ◽  
Author(s):  
Marcus J. Kurtz
Keyword(s):  
Latin America ◽  
Latin American ◽  
Open Economy ◽  
Free Market ◽  
Democratic Consolidation ◽  
Economic Organization ◽  
Development Economic ◽  
State Economy ◽  
Latin American Region ◽  
Collective Action Problems

Scholars have usually understood the problem of democratic consolidation in terms of the creation of mechanisms that make possible the avoidance of populist excesses, polarized conflicts, or authoritarian corporatist inclusion that undermined free politics in much of postwar Latin America. This article makes the case that, under contemporary liberal economic conditions, the nature of the challenge for democratization has changed in important ways. Earlier problems of polarization had their roots in the long-present statist patterns of economic organization. By contrast, under free-market conditions, democratic consolidation faces a largely distinct set of challenges: the underarticulation of societal interests, pervasive social atomization, and socially uneven political quiescence founded in collective action problems. These can combine to undermine the efficacy of democratic representation and, consequently, regime legitimacy. The article utilizes data from the Latin American region since the 1970s on development, economic reform, and individual and collective political participation to show the effects of a changing state-economy relationship on the consolidation of democratic politics.

Neoliberal politics and state modernization in Chilean penal evolution

2019 ◽  
Vol 22 (3) ◽  
pp. 259-280 ◽  
Author(s):  
Javier Wilenmann
Keyword(s):  
Latin America ◽  
Criminal Justice ◽  
Social Control ◽  
Latin American ◽  
Explanatory Power ◽  
Direct Effects ◽  
State Transformation ◽  
Neoliberal Governance ◽  
American Model ◽  
State Modernization

Following the general rise of incarceration rates in Latin America, two general frameworks have been influential in attempting to explain the phenomenon: the neoliberal and the state transformation theses. The article takes the case of Chile, the Latin American model of neoliberal governance, to test the broad explanatory power of both frameworks. By doing so, it shows that the connection with a narrative of substitution has distortive potential. Although the Chilean case does show that investment in state capacity augmentation and output maximization mechanisms did have direct effects on incarceration rates, no change in the project of control through criminal justice can be appreciated. Rather than changing its orientation towards the type of social control it provides for, the system still stands for the traditional Latin American project of control of a large, marginalized population through confinement.

Migration vs. development? The case of poverty and inequality in Mexico

2012 ◽  
Vol 9 (1) ◽  
pp. 65-74 ◽  
Author(s):  
Agustín Escobar Latapi
Keyword(s):  
Latin America ◽  
International Migration ◽  
Latin American ◽  
Opportunity Cost ◽  
Inequality Index ◽  
Poverty And Inequality ◽  
And Migration

Although the migration – development nexus is widely recognized as a complex one, it is generally thought that there is a relationship between poverty and emigration, and that remittances lessen inequality. On the basis of Latin American and Mexican data, this chapter intends to show that for Mexico, the exchange of migrants for remittances is among the lowest in Latin America, that extreme poor Mexicans don't migrate although the moderately poor do, that remittances have a small, non-significant impact on the most widely used inequality index of all households and a very large one on the inequality index of remittance-receiving households, and finally that, to Mexican households, the opportunity cost of international migration is higher than remittance income. In summary, there is a relationship between poverty and migration (and vice versa), but this relationship is far from linear, and in some respects may be a perverse one for Mexico and for Mexican households.

Palestinian Diaspora Communities in Latin America and Palestinian Statehood

2020 ◽  
Vol 19 (1) ◽  
pp. 101-120
Author(s):  
Yousef M. Aljamal ◽  
Philipp O. Amour
Keyword(s):  
Latin America ◽  
South America ◽  
Latin American ◽  
Economic Life ◽  
Self Determination ◽  
The Political ◽  
Middle Classes ◽  
Latin Americans ◽  
Political Views ◽  
The Right

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.

Sorting Out the Mixed Economy

2019 ◽  
Author(s):  
Amy C. Offner
Keyword(s):  
Latin America ◽  
Latin American ◽  
New Deal ◽  
The United States ◽  
Business Associations ◽  
Welfare Programs ◽  
The Road ◽  
Social Welfare Programs ◽  
The Third World ◽  
The New Deal

In the years after 1945, a flood of U.S. advisors swept into Latin America with dreams of building a new economic order and lifting the Third World out of poverty. These businessmen, economists, community workers, and architects went south with the gospel of the New Deal on their lips, but Latin American realities soon revealed unexpected possibilities within the New Deal itself. In Colombia, Latin Americans and U.S. advisors ended up decentralizing the state, privatizing public functions, and launching austere social welfare programs. By the 1960s, they had remade the country's housing projects, river valleys, and universities. They had also generated new lessons for the United States itself. When the Johnson administration launched the War on Poverty, U.S. social movements, business associations, and government agencies all promised to repatriate the lessons of development, and they did so by multiplying the uses of austerity and for-profit contracting within their own welfare state. A decade later, ascendant right-wing movements seeking to dismantle the midcentury state did not need to reach for entirely new ideas: they redeployed policies already at hand. This book brings readers to Colombia and back, showing the entanglement of American societies and the contradictory promises of midcentury statebuilding. The untold story of how the road from the New Deal to the Great Society ran through Latin America, the book also offers a surprising new account of the origins of neoliberalism.

Nesting Expectations: What Can the Mexican and Argentinean Cash Transfers Tell Us about the Development of Development?

1969 ◽  
Vol 59 (1) ◽  
pp. 157-169
Author(s):  
Andrés Dapuez
Keyword(s):  
Latin America ◽  
Latin American ◽  
A Priori ◽  
Cash Transfers ◽  
Conditional Cash Transfers ◽  
Cash Transfer ◽  
Short Term ◽  
Transfer Programs

Latin American cash transfer programs have been implemented aiming at particular anticipatory scenarios. Given that the fulfillment of cash transfer objectives can be calculated neither empirically nor rationally a priori, I analyse these programs in this article using the concept of an “imaginary future.” I posit that cash transfer implementers in Latin America have entertained three main fictional expectations: social pacification in the short term, market inclusion in the long term, and the construction of a more distributive society in the very long term. I classify and date these developing expectations into three waves of conditional cash transfers implementation.

Epidemiology of Hypertension and Diabetes Mellitus in Latin America

2020 ◽  
Vol 16 ◽  
Author(s):  
Patricio Lopez-Jaramillo ◽  
Jose Lopez-Lopez ◽  
Daniel Cohen ◽  
Natalia Alarcon-Ariza ◽  
Margarita Mogollon-Zehr
Keyword(s):  
Diabetes Mellitus ◽  
Type 2 Diabetes ◽  
Type 2 Diabetes Mellitus ◽  
Latin America ◽  
Cardiovascular Diseases ◽  
Latin American ◽  
Premature Mortality ◽  
Increased Risk ◽  
And Control

: Hypertension and type 2 diabetes mellitus are two important risk factors that contribute to cardiovascular diseases worldwide. In Latin America hypertension prevalence varies from 30 to 50%. Moreover, the proportion of awareness, treatment and control of hypertension is very low. The prevalence of type 2 diabetes mellitus varies from 8 to 13% and near to 40% are unaware of their condition. In addition, the prevalence of prediabetes varies from 6 to 14% and this condition has been also associated with increased risk of cardiovascular diseases. The principal factors linked to a higher risk of hypertension in Latin America are increased adiposity, low muscle strength, unhealthy diet, low physical activity and low education. Besides being chronic conditions, leading causes of cardiovascular mortality, both hypertension and type 2 diabetes mellitus represent a substantial cost for the weak health systems of Latin American countries. Therefore, is necessary to implement and reinforce public health programs to improve awareness, treatment and control of hypertension and type 2 diabetes mellitus, in order to reach the mandate of the Unit Nations of decrease the premature mortality for CVD.

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