Consolidating Economic Governance in Latin America (Governance, Development, and Social Inclusion in Latin America)

✍ Scribed by Alejandro Angel

• Publisher: Palgrave Macmillan
• Year: 2021
• Tongue: English
• Leaves: 277
• Category: Library

✦ Synopsis

This book explains how Latin American countries consolidate economic governance after serious disruptions to their formal and informal policy making routines. It asserts that the process of institutional change that started as a result of such disruptions resulted in complementary institutions, which supported a new consolidated pattern of economic governance. In addition, this work also offers a robust theoretical underpinning to economic governance, independent from performance. Performance figures prominently as a criterion to assess economic governance; however, crises are becoming more frequent and performance does not entirely depend on governments’ actions. This book argues that governance in the economic arena depends on the ability and feasibility of limiting the discretion of vested interests over economic policies insofar as these interests can shift the costs of their actions so the rest of the society bears them.

✦ Table of Contents

Acknowledgments
Contents
Acronyms
List of Figures
List of Tables
1 Introduction
1.1 Plan of the Book
References
2 Complementarity and Economic Governance
2.1 Institutional Complementarities
2.2 Economic Performance, Stability, and Institutional Change
2.3 Economic Governance: Limits on Discretion
2.4 Conclusions
References
3 Economic Governance in Latin America
3.1 Development as Economic Governance
3.2 The Crises, Vested Interests, and Reforms
3.3 Legacies, New Crises, and Possibilities of Consolidation
3.4 Conclusions
References
4 The Real Plan: The Successful Struggle to Consolidate Economic Governance
4.1 Privatization
4.1.1 Development, Scarcity, and Reform
4.1.2 Collor Government: A New Priority
4.2 Trade Liberalization
4.2.1 First Phase
4.2.2 Actual Opening
4.3 Anti-Inflationary Plans
4.3.1 First Organized Attempts
4.3.2 The Time of the Real
4.4 Consolidating Reforms
4.5 Conclusions
References
5 The Chilean Pension System: Contentious Economic Governance
5.1 Pension System Reform
5.2 Financial System Reform
5.3 Continuous Struggle and Unease
5.4 Conclusions
References
6 Institutionalizing Mexican Economic Policies: Limiting Presidential Discretion
6.1 Banco de México
6.1.1 Central Banks: Theory and Practice
6.1.2 Brewing a Reform
6.2 Budget and Fiscal Responsibility Act
6.3 Difficulties in Controlling Discretion
6.4 Conclusions
References
7 Conclusions: Limiting Discretion—The Problem of Economic Governance
7.1 Complementarity and Economic Governance
7.2 The Legacies of Crises and Economic Policymaking
7.3 The Continuous Struggle for Economic Governance
References
List of Interviews
Index