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E-book
Author Levy, Noemi

Title Financialisation in Latin America : Challenges of the Export-Led Growth Model
Published Milton : Routledge, 2018
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Description 1 online resource (289 pages)
Series Routledge Critical Studies in Finance and Stability Ser
Routledge Critical Studies in Finance and Stability Ser
Contents Cover; Half Title; Series Page; Title Page; Copyright Page; Contents; List of figures; List of tables; List of contributors; Acknowledgements; Introduction; PART I: Regional trends; 1 Multilateralism and regional trade and payments; 2 Capital inflows, current account deficits and deindustrialisation in Latin American commodity- producing economies; 3 Limits and perspectives of export-led growth model and foreign direct investment in Latin America and Mexico; 4 Internationalisation, big corporations and capital accumulation in the Latin American experience
5 Financialisation and economic inequality in Latin America6 The effect of inflation target regimes in commodities-based, financialised economies on income growth and distribution in Latin America; PART II: The failure of comparative advantages; 7 Structural change in Colombia: from import substitution to export-led growth illusion; 8 Financialisation of commodities, reserve accumulation and debt in Argentina; 9 A sectoral analysis of Mexico's external economic opening (1982-2016); 10 The natural resource curse and financial development of Mexico
PART III: The growth of financial balance sheets11 Financialisation in a small, open developing economy: the case of Chile; 12 Financialisation, growth and investment in Brazil; 13 Financial structure and big corporations in scenarios of increasing indebtedness in Mexico; 14 Financial capital flows and FOREX activities in Mexico: finance or speculation?; 15 Exchange rate policy restrictions on a high-volatility environment: the Mexican currency; Index
Summary Financial capital continues to dominate Western economic organisations, despite major financial and economic crises. While these have not affected Latin American countries in the same way, other economic problems emerged after the reversion of loose monetary policies that debilitated the export-led growth model. This book discusses the issue of the financialised globalisation model in Latin America, looking at the region's relationship with the international market. This edited collection is divided into three main sections. The first section discusses regional trends highlighting issues of trade and payments in financialised economies, the impact on deindustrialisation, its effect on inequality, external capital movements and monetary policies. The second section analyses the failure of comparative advantages of the export-led model in Colombia, Argentina and Mexico. Finally, the last section deals with the growth of financial balance sheets in small and developing economies such as Chile; how growth, investment and big corporation evolution were affected in Brazil and Mexico; and the effects of foreign exchange activity in Mexico. Through these discussions, this book aims to deepen the understanding of the crisis of financialisation and the export-led model, raising the question of whether it is possible for this model to continue or if it requires major readjustments to unfold economic growth. This book provides a distinctive analysis of the financialisation mechanisms in developing countries in order to emphasise affinities and differences between the countries of the region in productive and financial terms. It will be of great interest to economic and social science scholars and students, to journalists specialising on economic and development issues, and, more importantly, to policy makers
Bibliography Includes bibliographical references and index
Notes Print version record
Subject Economic development -- Latin America.
Economic development.
Finance -- Latin America.
Finance.
Investments, Foreign -- Latin America.
Investments, Foreign.
BUSINESS & ECONOMICS -- Economics -- Macroeconomics.
BUSINESS & ECONOMICS -- Finance.
Economic development.
Finance.
Investments, Foreign.
Latin American economies.
capital markets.
deindustrialisation.
developing economies.
economic growth.
export led economies.
extractivism.
financialisation.
financialization.
globalisation.
neoliberalism.
Latin America.
Form Electronic book
Author Bustamante, Jorge.
ISBN 0429464037
0429874405
0429874413
0429874421
9780429464034
9780429874406
9780429874413
9780429874420