+612 9045 4394
Mobile Capital and Latin American Development - James  E. Mahon Jr.

Mobile Capital and Latin American Development

Paperback Published: 8th December 2004
ISBN: 9780271025841
Number Of Pages: 228

Share This Book:

Particularly timely in light of the recent Mexican peso crisis, Mobile Capital and Latin American Development examines the causes, consequences, and implications of the Latin American capital flight of the 1980s. It addresses the increasingly mobile and privatized nature of international capital and its power to shape economic policy in those countries. Through a comparison of the policy experiences of Argentina, Brazil, Chile, Colombia, Mexico, and Venezuela, James E. Mahon finds that those countries that suffered the most capital flight had previously faced fewer structural trade problems and had not reoriented their exchange policies to diversify exports and deal with exchange-market instability. Since the countries that stumbled worst into capital flight before the debt crisis were later among the most aggressive neoliberal reformers, Mahon discusses the ways in which overseas capital served as a kind of pressure for free-market reform. Finally, the idea that internationally mobile capital now can operate as a kind of senate--an arm of the wealthy few, guarding the established order against the arbitrary, dangerous tendencies of the executive and popular chamber--is examined with relation to theories of dependency and the institutionalization of democracy.

Industry Reviews

"Mobile Capital offers an outstanding study of capital flight, along with thought-provoking reflections on the political implications of neoliberalism."

--American Political Science Review (APSR)

Prefacep. ix
List of Abbreviationsp. xi
Introductionp. 1
International Capital and Latin American Developmentp. 29
Exchange Policies and Capital Flightp. 59
Capital Flight and the Triumph of Neoliberal Economicsp. 111
Mobile Capital and Political Institutionsp. 157
Mobile Capital, Structural Dependence, and Politicsp. 183
Indexp. 209
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780271025841
ISBN-10: 0271025840
Audience: General
Format: Paperback
Language: English
Number Of Pages: 228
Published: 8th December 2004
Country of Publication: US
Dimensions (cm): 22.86 x 15.24  x 1.32
Weight (kg): 0.34

Earn 141 Qantas Points
on this Book

This product is categorised by