Tuesday, June 5, 2018

Financialization in Latin America


New book edited by Martín Abeles, Esteban Pérez Caldentey and Sebastían Valdecantos. From the description:
The chapters in the book analyze the logic and effects of financialization in developing economies, peripheral financialization so to speak, in particular in Latin America. The first chapters look at the topic from a historical and conceptual angles, and then the latter chapters concentrate on specific manifestations like the influence of financialization on productive investment, spending on Research and Development (R&D), the characteristics of Foreign Direct Investment (FDI), monetary policy management, and the composition of foreign debt. The variety of approaches utilized in this volume reflect ECLAC's historical preoccupation of analyzing the condition that would make possible a macroeconomics at the service of economic development.

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