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Cover image for Hierarchical capitalism in Latin America : business, labor, and the challenges of equitable development
Hierarchical capitalism in Latin America : business, labor, and the challenges of equitable development
Title:
Hierarchical capitalism in Latin America : business, labor, and the challenges of equitable development
Personal Author:
Publication Information:
New York : Cambridge University Press, 2013.
Physical Description:
xviii, 237 páginas : ilustraciones ; 23 x 16 x 2 cm.
Contents:
1. Hierarchical Capitalism in Latin America -- 2. Comparing Capitalisms: Liberal, Coordinated, Network, and Hierarchical -- 3. Corporate Governance and Diversified Business Groups: Adaptable Giants -- 4. Corporate Governance and Multinational Corporations: How Ownership Still Matters -- 5. Labor: Atomized Relations and Segmented Markets -- 6. Education, Training, and the Low-Skill Trap -- 7. Business-Group Politics: Institutional Bias and Business Preferences -- 8. Twenty-First-Century Variations: Divergence and Possible Escape Trajectories -- 9. Conclusions -- Appendix. Interviews.
ISBN:
9781107614291
Abstract:
This book argues that Latin America has a distinctive, enduring form of hierarchical capitalism characterized by multinational corporations, diversified business groups, low skills and segmented labor markets. Over time, institutional complementarities knit features of corporate governance and labor markets together and thus contribute to institutional resiliency. Political systems generally favored elites and insiders who further reinforced existing institutions and complementarities. Hierarchical capitalism has not promoted rising productivity, good jobs or equitable development, and the efficacy of development strategies to promote these outcomes depends on tackling negative institutional complementarities. This book is intended to open a new debate on the nature of capitalism in Latin America and link that discussion to related research on comparative capitalism in other parts of the world.
Cover detail:
Cubierta de color celeste, ilustrada con la fotografía de un entramado con diseños geométricos. En la parte superior se encuentra el título en letras grandes de color blanco y en letras medianas de color negro. En la parte inferior aparece el nombre del autor en letras grandes de color blanco.
Format:
Regular print
Language:
English
Publication Date:
2013
Copies:
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