Winners and Losers in the Latin American Debt Crisis: The Political Implications

Author(s):  
Jeffry A. Frieden
2010 ◽  
Vol 42 (4) ◽  
pp. 809-837 ◽  
Author(s):  
RHYS JENKINS

AbstractChina's rapid growth and increased integration with the global economy over the past three decades have significant economic impacts and political implications for Latin America. This paper reviews the debate over whether these impacts have on balance been positive or negative for the region. It argues that those who emphasise the positive economic impacts of China have been over-optimistic and underplay some of the negative impacts associated with Chinese competition in manufacturing and increasing Latin American specialisation in primary products. On the other hand, when focusing on the political dimensions, there has been a tendency to exaggerate both the extent of China's influence in the region and the fears to which this gives rise, particularly among US commentators.


Urban Studies ◽  
2016 ◽  
Vol 54 (11) ◽  
pp. 2472-2489 ◽  
Author(s):  
Miguel Angel Martínez López

Squatters and migrants use the city space in a peculiar and anomalous manner. Their contributions to the social and political production of urban space are not usually considered crucial. Furthermore, their mutual relationship is under-researched. In this paper I investigate the participation of migrants in the squatting of abandoned buildings. This may entail autonomous forms of occupation but also various kinds of interactions with native squatters. By looking historically at the city of Madrid I distinguish four major forms of interactions. I collect evidence in order to show that deprivation-based squatting is not necessarily the prevailing type. The forms of ‘empowerment’ and ‘engagement’ were increasingly developed while ‘autonomy’ and ‘solidarity’ were continuously present. These variations occurred because of specific drivers within the cycles of movements’ protests and other social and political contexts which facilitated the cooperation between squatters and migrants, although language barriers, discrimination in the housing market and police harassment constrained them too. Therefore, I argue first that two key social organisations triggered the interactions in different protest cycles. Second, I show how, in spite of the over-representation of Latin American migrants, the political squatting movement in Madrid has consistently incorporated groups of migrants and their struggles in accordance with anti-fascist, anti-racist and anti-xenophobic claims and practices. The analysis also provides a nuanced understanding about the ‘political’ implications of squatting when migrants are involved.


Author(s):  
R. Douglas Hecock

The open economic policies Latin American countries adopted in the wake of the debt crisis of the early 1980s were expected to bring a variety of benefits. Trade liberalization and privatization make domestic firms more competitive, and deregulation helps to create an efficient business climate. Notably, such policies are also likely to spur foreign investment seeking new opportunities, and Latin American countries did indeed begin to see large inflows in the 1990s. Foreign direct investment (FDI) is thought to be particularly complementary to economic development. Compared to portfolio investment in stocks and bonds, FDI consists of the construction or purchasing of physical assets including manufacturing facilities, retail outlets, hotels, and mines. FDI should spur local economic activity and bring with it jobs and technology transfers. Furthermore, because divestment takes planning and time, direct investment is relatively long-term, so investors are expected to display greater commitments to the economic and political futures of their hosts. As a result of these substantial potential benefits, a body of scholarship has emerged to try to understand the political dynamics of FDI. Is investment more likely to flow to democratic or authoritarian regimes? Are direct investors seeking countries with few labor protections and weak environmental regulations or are they attracted to public investments in human capital? Do they eschew governments with poor human rights records or do they see abusers as potential partners in managing a compliant workforce? What are the effects of FDI flows on the political contexts of their hosts? Among others, these questions have received significant scholarly attention, and while we have learned a great deal about the behavior and effects of FDI, considerable potential remains. Having received massive inflows averaging more than $100 billion between 2000 and 2017 and consisting of countries with broadly similar development trajectories, Latin America offers a rich landscape for such analysis. In particular, finer-grained examinations of FDI to Latin American countries can help us understand how it might affect political systems and which types of investment best complement national development projects. In so doing, studies of FDI flows to Latin America are poised to make major contributions to the fields of international political economy, development studies, and comparative politics.


1991 ◽  
Vol 43 (4) ◽  
pp. 608-634 ◽  
Author(s):  
Peter H. Smith

Democratization in Latin America took place throughout the 1980s within a context of acute economic crisis, thus posing a sharp challenge to established theory. This essay examines alternative explanations-economic, political, institutional, international-for this paradoxical outcome. It is argued that the political impact of the debt crisis differs for the short, medium, and long terms. The analysis also devotes considerable attention to the concept of “democratization” and to the quality of Latin American democracies, which tend to contain pervasive authoritarian features. Careful reading of these phenomena can lay the foundation for new and enduring theoretical frameworks about the relationship between macroeco-nomic transformation and political change.


2015 ◽  
Vol 14 (3) ◽  
pp. 301-327 ◽  
Author(s):  
Steven Panageotou ◽  
Jon Shefner

The proliferation of debt crises around the world since the 1980’s has generated debt-repayment negotiations prioritizing austerity in debtor countries. This forty-year history of debt crises in the Global South and North now allows comparison of these negotiations and their impacts. We examine the distinct and historically specific trajectories in Latin American and Greece, highlighting the foundations of each experience of debt crisis. We focus on the institutions responsible for managing crisis and their reliance on similar austerity strategies to compel debtor countries into a neoliberal restructuring of their economies. This paper examines the similarities and differences in austerity policy through a comparative-historical analysis of Latin American and Greek experiences of debt crisis. The results of such policies and the political actors involved in implementing austerity are also examined.


Author(s):  
Dieter Boris

The first part describes changes at the bottom of Latin American societies, especially the reduction of the poverty rate, the moderate decline of social inequality as well as the decrease of informal modes of labour. These changes are examined against the background of a strong economic expansion during the last decade. In the second part the recent growth of middle class-sectors in various countries is analyzed. In the last chapter the focus is on the ruling classes, who have come up with new forms of active internationalization. A brief discussion of the political implications of these tendencies concludes the article.


Professare ◽  
2018 ◽  
Vol 7 (1) ◽  
pp. 109
Author(s):  
Claudemir Aparecido Lopes

<p class="resumoabstract">O professor Giorgio Agamben tem elaborado críticas à engenhosa estrutura política ocidental moderna. Avalia os mecanismos de controle estatal, nos quais os denomina ‘dispositivos’, cuja força está na imbricação às normas jurídico-teológicas com seus similares ritos e liturgias. Suas ocorrências e legitimidade preponderam no tecido social cuja organização sistêmica se põe quase como elemento natural e não cultural. O texto tem por objetivo explorar a concepção política de Agamben sobre a política contemporânea, especialmente considerando seu livro: ‘Estado de Exceção’, cuja investigação apresenta a possibilidade de atenuação dos direitos de cidadania e o enfraquecimento da prática da liberdade política e o processo de relação dos indivíduos no meio social através da redução das subjetividades ‘autênticas’. Analisamos ainda a transferência do mundo sacro elaborado pelos teólogos católicos presente na modernidade à política cuja democracia moderna faz do homem (sujeito) tornar-se objeto do poder político. Faz também, reflexão dos conceitos de subjetivação e dessubjetivação relacionando-os às implicações políticas do homem moderno. A pesquisa é bibliográfica com ênfase na análise dos conceitos elaborados por Agamben, especialmente quanto ao ‘dispositivo’. Conclui que o indivíduo ocidental, de modo geral, sofre o processo de dessubjetivação e está ‘nu’, indefeso e alienado politicamente. Ele precisa voltar-se ao processo de ‘profanação’ dos dispositivos para libertar-se das vinculações orientadoras que forçosamente o descaracteriza enquanto ser ativo e livre.</p><p class="resumoabstract"><strong>Palavras-chave</strong>: Política. Liberdade. Subjetivação.</p><h3>ABSTRACT</h3><p class="resumoabstract">Professor Giorgio Agamben has been criticizing the ingenious modern Western political structure. It evaluates the mechanisms of state control, in which it calls them 'devices', whose strength lies in the overlap with legal-theological norms with their similar rites and liturgies. Its occurrences and legitimacy preponderate in the social fabric whose systemic organization is almost as a natural and not a cultural element. The text aims to explore Agamben's political conception of contemporary politics, especially considering his book 'State of Exception', whose research presents the possibility of attenuating citizenship rights and weakening the practice of political freedom and the individuals in the social environment through the reduction of 'authentic' subjectivities. We also analyze the transfer of the sacred world elaborated by the Catholic theologians present in the modernity to the politics whose modern democracy makes of the man - subject - to become object of the political power. It also reflects on the concepts of subjectivation and desubjectivation, relating them to the political implications of modern man. The research is bibliographical with emphasis in the analysis of the concepts elaborated by Agamben, especially with regard to the 'device'. He concludes that the Western individual, in general, suffers the process of desubjectivation and is 'naked', defenseless and politically alienated. He must turn to the process of 'desecration' of devices to free himself from the guiding bindings that forcibly demeanes him while being active and free.</p><p class="resumoabstract"><strong>Keywords</strong>: Politics. Freedom. Subjectivity. </p><p> </p>


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