Diversity Of Capitalisms In Latin America

“One of the definite merits of this book is to cleverly mix a theoretical breakthrough with a meticulous historical and empirical account of the transformations of some key Latin American countries. First, it is at the frontier of a research agenda initiated back to the end of the 1970s, second it clearly distinguishes between an ideal-type approach and the complexity of any specific national configuration and its transformation in history. Furthermore, the author provides decisive arguments against a pure economic determinism too frequently supposed to govern institutions building and reforms. Last but not least, the book culminates by an impressive analysis of the crises that quite any Latin America society experiences at the end the 2010s.” -Robert Boyer, Institut des Amériques, Paris, France. This book defends the idea that there are significant structural and institutional differences between the countries in Latin America. Building off the results of a four-year research project, Bizberg argues against the idea that in Latin America there is one single type of capitalism—a hierarchical one—that is entangled in a vicious cycle. Rather, there are clusters of countries that have had similar historical trajectories, analogous structures, or comparable reactions to changes to the world economy, but have not all followed the same mode of development. Just as analysts have found a variety of capitalisms in developed countries, it is possible to identify the emergence of different types of capitalism in Latin America since the 1980s debt crisis. These varieties of capitalism are defined according to categories—including the articulation to the world economy, the role of the State, the structure of the political system and the action of civil society—which give rise to distinct wage relations, comprising the industrial relations system and the welfare regime.

Originally published: Monthly Review Press, 1967.

This book explores the battleground between neoliberal capitalist development processes in Latin America and the challenges to these systems that can be found through innovative community-driven buen vivir/vivir bien initiatives. In the current climate of worldwide capitalist development, Latin America is caught between left-leaning proposals for progressive policies towards a more inclusive form of development, and the re-emergence of harsh austerity measures, neoliberal reforms and right-wing populism. Divided into two parts, this book first provides a retrospective analysis of the advance of resource-seeking ‘extractive’ capital across the continent since the 1990s. The second part goes on to focus on forward-looking challenges to neoliberal capitalist development, focusing in particular on the indigenous notion of buen vivir/vivir bien – the concept of ‘living well’ in social solidarity and harmony with nature. Drawing on cases in Mexico and Venezuela, the book argues that it will be through these new approaches to social change that we will move beyond development as we know it towards a more inclusive form of ‘postdevelopment’. Looking hopefully towards this future of development, this collection offers an essential analysis of the vortex of social change currently consuming Latin America and will be key reading for advanced scholars and researchers in the fields of Development Studies, Latin America Studies, Politics, and Social Change.

Examines broad patterns of development and some economic issues facing Latin American countries. Includes a chapter outlining recurrent patterns of economic development and economic crises throughout the past 500 years.

Applying the new economics of organisation and relational theories of the firm to the problem of understanding cross-national variation in the political economy, this volume elaborates a new understanding of the institutional differences that characterise the 'varieties of capitalism' worldwide.

This volume delves into the study of the world’s emerging middle class. With essays on Europe, the United States, Africa, Latin America, and Asia, the book studies recent trends and developments in middle class evolution at the global, regional, national, and local levels. It reconsiders the conceptualization of the middle class, with a focus on the diversity of middle class formation in different regions and zones of world society. It also explores middle class lifestyles and everyday experiences, including experiences of social mobility, feelings of insecurity and anxiety, and even middle class engagement with social activism. Drawing on extensive fieldwork and in-depth interviews, the book provides a sophisticated analysis of this new and rapidly expanding socioeconomic group and puts forth some provocative ideas for intellectual and policy debates. It will be of importance to students and researchers of sociology, economics, development studies, political studies, Latin American studies, and Asian Studies.

Latin American societies have undergone fundamental changes in the past two decades, moving from capitalist economies with very wide-ranging state intervention to more market-driven systems. After a prolonged period of recession, these changes produced some successes in economic growth in the 1990s, but they also exacerbated many problems, especially poverty and inequality. Models of Capitalism examines why some societies with market economies perform much better than others in combining growth and equity, and what the less successful countries can learn from the more successful ones. The contributors look at different models of capitalism in Latin America, Northeast and Southeast Asia, and advanced industrial countries, asking which patterns of economic and social policies governments in the more successful societies pursued, and which configurations of institutions made pursuing such policies possible. The investigation focuses on economic policies designed to stimulate growth, on labor-market policies designed to promote a qualified labor force and increase productivity and wages, and on social policies designed to improve general human capital and to distribute life chances in an equitable way. The volume is innovative in explicitly connecting the discussion of growth policies with an analysis of labor market and social policies and in going beyond comparison of Latin American with East Asian approaches to include reference to equity-oriented policies in North America and Western Europe as well. This approach helps demonstrate how important policy design is in determining distributive outcomes at any given level of development. The contributors are Antonio Alas, Renato Baumann, Ha-Joon Chang, Carlos H. Filgueira, Fernando Filgueira, Robert Grosse, Thomas Janoski, John Myles, T. J. Pempel, Wilson Peres, David Brian Robertson, John Sheahan, John D. Stephens, V&íctor E. Tokman, and Bridget Welsh. Sponsored by the Joint Committee on Latin American Studies of the Social Science Research Council and the American Council of Learned Societies.

This book presents a model based on the varieties of capitalism literature that accomplished two things: (1) it describes the state and unique characteristics of Latin American capitalism in the 1990s and 2000s -- what the author called "hierarchical capitalism"; and (2) it explains the political conditions and actor incentives that make hierarchical capitalisms persist over time.