scholarly journals Financial and economic shocks and trends in economic development: the experience of Latin American countries

2017 ◽  
pp. 33-40
Author(s):  
Olga Fomina

This article aims to the stages of economic development in Latin America, analyzes the experience of overcoming the crisis phenomena in the financial and economic spheres. The author shows the strategies and models of the socio- economic development of Latin American countries from the beginning of the 20th century to the present days.

2021 ◽  
Vol 10 (5) ◽  
pp. 172
Author(s):  
Spencer P. Chainey ◽  
Gonzalo Croci ◽  
Laura Juliana Rodriguez Forero

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.


2015 ◽  
Vol 38 (2) ◽  
pp. 149-165 ◽  
Author(s):  
Verónica Baena

Purpose This study aims to enhance the knowledge that managers and scholars have on franchising expansion. In this sense, it is worth mentioning that although the body of literature on international management focusing on emerging markets is growing, the attention paid to the Latin American context continues to be limited. This is surprising given the substantive economic importance of the region with a population over 590 million, and a gross domestic product of approximately US$5 trillion. To cover this gap, the present study examines how a number of market conditions may drive diffusion of franchising into Latin America: geographical distance, cultural distance, political stability and economic development. The authors also controlled for the host country’s market potential, transparency, unemployment rate and efficiency of contract enforcement. Design/methodology/approach This study uses a quantitative approach applied to a sample of 77 Spanish franchisors operating through 4,064 franchisee outlets across 21 Latin American countries in late 2012. They are: Argentina, Brazil, Chile, Colombia, Costa Rica, Cuba, Dominican Republic, Bolivia, Ecuador, El Salvador, Guatemala, Haiti, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Puerto Rico, Uruguay and Venezuela. Findings Results conclude that geographical distance between the host and home countries, as well as the level of host country’s political stability, economic development, market potential and transparency are able to drive the spread of international franchising across Latin American nations. Research limitations/implications This study provides readers with a general overview of the current state of global franchising diffusion overseas. Results obtained in this study are useful for understanding and predicting the demand for franchising in Latin American countries. Practical implications Economics reports argue that by 2050, the largest economies in the world will be China, the USA, India, Brazil and Mexico. This fact highlights the substantive importance of Latin America for foreign investors willing to expand their business abroad. In an attempt to give insights from the Latin American context, the present paper develops and tests a model that can be useful to franchisors willing to establish new outlets in the region. In addition, our findings offer guidance to firm managers seeking to target their franchises in Latin America. Franchisors may then use the results of this study as a starting point for identifying such regions whose characteristics best meet their needs of expansion. Originality/value This paper explores how market conditions may drive international diffusion of franchising into Latin American markets. The scant theoretical or empirical attention given to this topic has usually been examined from the USA and British base and focused on developed markets. To fill this gap, the present study analyzes the international spread of the Spanish franchise system into Latin America as a market for franchising expansion.


2006 ◽  
Vol 36 (142) ◽  
pp. 7-22
Author(s):  
"Mónica Bruckmann ◽  
Theotonio Dos Santos

At the beginning of the 20th century, social movements in Latin America were heavily influenced by anarchist immigrants from Europe and then by the ideological struggles around the Russian revolution. Beginning in the 1930s, many social movements started to incorporate into leftwing and populist parties and governments, such as the Cardenismo in Mexico. Facing the shift of many governments towards the left and the 'threat' of socialist Cuba, ultrarightwing groups and the military, supported by the US, responded in many countries with brutal repression and opened the neoliberal era. Today, after 30 years of repression and neoliberal hegemony, the social movements are gaining strength again in many Latin American countries. With the anti-globalization movement, new insurrections like the Zapatismo in Mexico, and some leftwing governments coming into power in Venezuela, Brasil and other countries, there appears to be a new turn in Latin America's road to the future.


2002 ◽  
Vol 22 (4) ◽  
pp. 613-634 ◽  
Author(s):  
MARCELA MIOZZO

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.


2017 ◽  
Vol 3 (1) ◽  
pp. 121 ◽  
Author(s):  
Bernardo Lanza Queiroz

This paper investigates the coverage of public pension programs in Latin America and discusses the relation between economic development, the existence of public pension programs, and elderly labor force participation. The paper presents stylized facts about the labor force by age and the connection between economic development and labor supply using aggregated data from 23 Latin American countries. The second part of the paper uses regression models to investigate the effects of economic development and social security system on the labor force participation of the older adults in 23 Latin American countries over the period 1990–2010. The results show that in lower income Latin American countries, most men remained in the labor force until age 65 or beyond and that with economic development and related changes, the labor force participation of older men, even those aged 55–59, starts to decline. Overall, the paper provides some insight on the evolution of labor supply patterns in less developed economies with rising income, changes in population age structure, shifts in occupational composition, and development in public pension programs.


2015 ◽  
Vol 14 (3) ◽  
pp. 371-391
Author(s):  
Matthias Packeiser

The present study deals with the question of whether Latin American states turned towards adjudication and away from arbitration at the beginning of the 20th century. Little has been researched concerning the reasons why Latin American states had a friendly attitude towards this instrument to settle international disputes. This article shall endeavour to find out more about why this was the case. The research focuses on an analysis of the conduct of Latin American countries at the Second Hague Peace Conference and at the Washington Conference (both in 1907). Ensuing developments are taken into consideration as well in order to arrive at the following conclusion: Although the idea of international adjudication was very well received by the Latin American states, and although they were the first to introduce a regional international court of law, they did not turn away from arbitration but continued to use it – in particular in inter-American relations.


2020 ◽  
pp. 21-57
Author(s):  
Fernando Rios

In 1925, La Paz city residents observed Bolivia’s first centennial of political independence, with official state celebrations that in hindsight appear remarkably devoid of Bolivian nationalist exhibitions of indigenismo. Twenty-three years later, urban La Paz hosted another lavish commemoration, this time to honor the city’s 400th anniversary. But, in a clear departure from the 1925 centennial, the 1948 event included a “folklore” festival that was wholly devoted to Andean indigenous music-dance traditions, the Concurso Folklórico Indígena del Departamento. As the Concurso’s inclusion in the 1948 celebration suggests, mainstream La Paz criollo-mestizo views about the cultural value and meanings of Andean indigenous expressive practices had undergone a significant transformation in the twenty-three years following the 1925 centennial. This chapter elucidates this major shift, by exploring key developments in the paceño indigenista musical scene that transpired in the period from the 1920s to 1940s. Throughout Latin America, elite and middle-class interest in regionally distinctive music-dance expressions reached new heights in the early decades of the 20th century, as part of a quest among a varied cast of politicians, writers, and artists for local traditions that unmistakably demonstrated the nation’s cultural uniqueness. Indigenismo represented a manifestation of this phenomenon. The Bolivian variant of this nativist movement took inspiration from indigenista currents radiating from other Latin American countries, including Mexico and Argentina, but above all else from Peru.


Author(s):  
Kerstin Manzel ◽  
Jörg Baten

ABSTRACTThis article outlines the development of gender disparities in education for 28 Latin American and Caribbean countries for the period from 1880 to 1949, using age heaping techniques. We explore in particular the hypothesis of a U-shaped development of women's education during economic development, i.e., a decrease in gender equality at lower levels of overall education, and increasing gender equality at higher levels. For the downward sloping part, we find some evidence, although this part is relatively small. The upward sloping part is strongly confirmed. We also find that non-Hispanic Caribbean countries had substantially lower gender inequality rates than Latin American countries. A second major contribution is to document the development of average numerical abilities (of both genders) in these 28 countries.


Author(s):  
Javier Cifuentes-Faura

The pandemic caused by COVID-19 has left millions infected and dead around the world, with Latin America being one of the most affected areas. In this work, we have sought to determine, by means of a multiple regression analysis and a study of correlations, the influence of population density, life expectancy, and proportion of the population in vulnerable employment, together with GDP per capita, on the mortality rate due to COVID-19 in Latin American countries. The results indicated that countries with higher population density had lower numbers of deaths. Population in vulnerable employment and GDP showed a positive influence, while life expectancy did not appear to significantly affect the number of COVID-19 deaths. In addition, the influence of these variables on the number of confirmed cases of COVID-19 was analyzed. It can be concluded that the lack of resources can be a major burden for the vulnerable population in combating COVID-19 and that population density can ensure better designed institutions and quality infrastructure to achieve social distancing and, together with effective measures, lower death rates.


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