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Written by two leading scholars, this book provides a detailed analysis of Mexico's political economy. James M. Cypher and Raúl Delgado Wise begin with an examination of Mexico's pivotal economic crisis of the 1980s and the consequent turn toward an export-led economy, later anchored by NAFTA. They show how Mexico, after abandoning frequently successful past practices of state-led development, disastrously tied its future to an unconditional reliance on foreign corporations to promote an export-led growth strategy. Focusing on Mexico's cheap labor export model, the authors use the maquiladora sector and the auto industry as case studies of the perils of globalization—the "race to the bottom" as capital becomes ever more international. The government's unconstrained free-market policies, they convincingly argue, have resulted in a fragmented economy marked by stagnation, falling wages, informal part-time employment, and massive migration, which define daily life for all but a tiny minority.
The fourth edition of The Process of Economic Development offers a thorough and up-to-date treatment of development economics. This landmark text will continue to be an invaluable resource for students, teachers and researchers in the fields of development economics and development studies. The new edition has been revised and updated throughout, reflecting the most recent developments in research and incorporating the latest empirical data, as well as key theoretical advances. The period since the publication of the third edition of The Process of Economic Development has been a time of immense change in the developing world. The period has seen huge economic growth in China, economic restr...
Drawing together recent changes in the debates with the history of the subject, The Process of Economic Development is a textbook with a story to tell. A discussion of recent events is integral to the book, with discussions ranging from * the environment * the debt crisis * export led industrialization * import substitution industrialization * growth theory and technological capability The book has an accessible style and format. Plentiful diagrams, boxed summaries, and end of chapter questions help the reader to grasp many-faceted topics. Coverage includes Latin America, Africa and Asia giving students a uniquely balanced world picture.
The dominant conceptions of development and the right thereto have been confined to narrow, sectoral interpretations focusing on economic matrices and collective entities such as the state or peoples. This book delimits these key notions of the public order of the 21st century in an entirely new fashion. Drawing on fundamental precepts of policy-oriented jurisprudence, this book offers a comprehensive and systematic study and redefinition of development and the right to development guided by the goal of maximum access by all to the processes of shaping and sharing of all things humans value, including, empirically, aspirations to power, wealth, well-being, affection, enlightenment, skills, respect, and rectitude. This new paradigm of development offers fertile ground for legal and policy responses designed to bring about a public order of human dignity in all parts of the planet.
Examine the changing nature of foreign investments in Latin America!Generously enhanced with easy-to-understand charts, tables, and graphs, this book covers the ins and outs of foreign direct investment in the established and emerging markets of Latin America. In addition to an overview of direct investment for the entire Latin American region in the 1990s, this valuable book examines specific countries’ experiences with FDI in that decade. These include Argentina, Chile, Mexico, Brazil, Peru, Ecuador, Paraguay, Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua.Spending on environmental projects is on the rise, and Latin American nations are at the forefront of this financial whi...
First Published in 1994. This comprehensive work views U.S. history through the analytical framework of the capitalist process. The highlights of the book are: it weaves together economic history with the history of economic ideas to give a new perspective on the contemporary connections between the economic and social processes; provides an analytical and historical explanation of capitalism as a socioeconomic system; discusses the past and present functioning of the business system, as 'a system of power', with emphasis on the 1970s, 1980s and the stagnation of the 1990s; analyses the relationship between structures of income, wealth and power and class, color and gender; and critically looks at the development and nature of the capitalist state.
After the Nixon and Ford administrations, liberal Democrats hoped Jimmy Carter's election in 1976 would restore the New Deal agenda in the White House. Instead, during four tumultuous years in office, Carter endorsed many of the fiscal and economic policies later espoused by his Republican successor, Ronald Reagan. But Carter also backed most New Deal social programs and, however reluctantly, pursued a traditional containment foreign policy. In this book more than a dozen eminent scholars provide a balanced overview of key elements of Carter's presidency, examining the significance of his administration within the context of evolving American policy choices after World War II. They seek not ...