Hierarchical Capitalism in Latin America : Business, Labor, and the Challenges of Equitable Development
Book Details
Format
Paperback / Softback
Book Series
Cambridge Studies in Comparative Politics
ISBN-10
1107614295
ISBN-13
9781107614291
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Sep 2nd, 2013
Print length
262 Pages
Weight
404 grams
Dimensions
22.80 x 15.20 x 1.40 cms
Ksh 4,750.00
Manufactured on Demand
0 in stock
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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. It 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.
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.
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