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Books > Reference & Interdisciplinary > Interdisciplinary studies > Area / regional studies
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Market Liberalizations and Emigration from Latin America (Hardcover)
Loot Price: R2,829
Discovery Miles 28 290
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Market Liberalizations and Emigration from Latin America (Hardcover)
Series: Routledge Studies in Latin American Development
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Market Liberalizations and Emigration From Latin America provides a
comprehensive analysis of the impact of the era of liberalization
in Latin America, focusing in particular on labor markets and
emigration from the region. Starting in 1980, liberalization in
Latin America was expected to improve market functioning,
efficiency, and welfare. Instead, it yielded slower growth,
unexpectedly high levels of unemployment and income inequality,
flat or falling wages, an increase in non-tradeable (service
sector) and informal activity, and, finally, waves of emigration
from Mexico, Central America, and Ecuador, among other countries.
This book provides a heterodox narrative explanation of why the
orthodox economic model that underwrote the standard 'trickle-down'
account served more to obscure and obfuscate than to explain and
clarify the state-of-affairs. The book investigates the impact of
the global-scale liberalizations of markets for goods and physical
and finance capital and the mere national-scale liberalization of
regional labor markets, arguing that these asymmetric
liberalizations, together, resulted in labor market failure and
contributed in turn to the subsequent, undocumented migrant flow.
The ultimate effect of the skewed scale of market liberalizations
in Latin America disproportionately benefited capital at the
expense of labor. Market Liberalizations and Emigration From Latin
America will be of interest to researchers of economics and
development in Latin America.
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