Format:
1 Online-Ressource (ix, 247 Seiten)
ISBN:
9781800372146
Series Statement:
New directions in post-Keynesian economics series
Content:
Introduction: The issues at stake / Noemi Levy-Orlik, Jorge Alonso Bustamante-Torres and Louis-Philippe Rochon -- Part I. Post crisis new capital movement trend -- 1. Financial geography and the 'social reality of finance': Aspatial or 'real space' analyses of financial crises? / Gary Dymski and Nicole Cerpa Vielma -- 2. The transmission mechanism of financial crisis to developing countries: Why the 'global financial crisis' wasn't global / Jan Toporowski -- 3. Foreign direct investment, inequality, and macroeconomic stability on the eve of the Covid-19 crisis / Hanna Szymborska -- 4. Pension funds and domestic debt markets in emerging economies / Jennifer Churchill, Bruno Bonizzi and Annina Kaltenbrunner -- 5. The distribution of dividends of multinational banks operating in Latin America / Mimoza Shabani -- 6. The unique development of non-financial corporations in Latin America / Noemi Levy-Orlik and Jorge Alonso Bustamante-Torres -- Part II. Non-financial corporations and economic growth -- 7. Capital flows, the role of non-financial corporations and their macroeconomic implications: An analysis of the case of Chile / Esteban Pérez-Caldentey and Nicole Favreau-Negront -- 8. Foreign direct investment in the Mexican steel industry / Samuel Ortiz-Velásquez -- 9. Excess international liquidity and corporate financing in Mexico: Reflections from usa monetary policy of quantitative easing / Ximena Echenique-Romero -- 10. Foreign direct investment in Latin America: Effects on growth and development, 1996-2017 / Marcelo Varela-Enríquez and Gustavo Adrián Salazar -- Part III. Capital movement and economic patterns -- 11. Latin American international integration and global value chains: What changed after the 2008 global financial crisis / Juan Pablo Painceira and Alexis Saludjian -- 12. From "downpour of investments" to debt crisis: The case of Argentina 2015-2019 / Cecilia Allami, Pablo Bortz and Alan Cibils -- 13. The hegemony of big corporations and the internationalization of capital: A stagnation model with restricted democracy / Gonzalo Cómbita-Mora and Álvaro Martín Moreno-Rivas -- 14. Extractive capitalism: Transnational miners and Andean peasants in Peru / Alejandro Garay-Huamán -- Index.
Content:
"This book addresses the problems of Latin America, through two of the most important features of the post-Bretton Woods economic order, large corporations and weak financial markets. In turn, it shows that their impact on economic growth and development is feeble and short-lived. This resulted in income concentration and an extremely unequal distribution of wealth in the region. As a result, large corporations and financial markets became central institutions in developing economies. In this context, Latin American countries globalized their economies, modifying their productive and financial structures and strengthening large corporation and non- financial structures. This economic order was a failure, as it was unable to achieve development in Latin America; large capital corporations either re-primarized their productive activity or developed an organization based on assembly manufacture, and, as such, financial markets remained underdeveloped because large corporations did not operate through domestic financial markets. In this book, the effects of these trends are analyzed in regional and country studies, while the impact of the 2008 Great Financial Crisis on Latin American economies are also considered. Researchers and students, especially those interested in a Post-Keynesian or heterodox view of the region, will find these studies illuminating"--
Additional Edition:
ISBN 9781800372139
Additional Edition:
Erscheint auch als ISBN 9781800372139(hardback)
Language:
English
Keywords:
Electronic books
;
Aufsatzsammlung
;
Electronic books
DOI:
10.4337/9781800372146
URL:
Volltext
(URL des Erstveröffentlichers)
