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Crony Capitalism And Economic Growth In Latin America: Theory And Evidenceby Stephen H. Haber Download Book (Respecting the intellectual property of others is utmost important to us, we make every effort to make sure we only link to legitimate sites, such as those sites owned by authors and publishers. If you have any questions about these links, please contact us.) link 1 About Book Book Description Of all the factors blamed for the Asian economic collapse of 1997, one stands out above all as the primary reason for the surprisingly rapid meltdown of East Asian economies: crony capitalism. But this systemin which those close to political policymakers receive favors allowing them to earn returns far above market valueis not limited to Asia. Crony systems are found around the world, and in no region of the world have they been as fundamental a feature of the economy as in Latin America. In this book, Stephen Haber and his expert contributors examine the causes and consequences of cronyism in Latin America. Drawing from case studies in Mexico, Brazil, and other countries around the world, they answer key questions about this pervasive phenomenon, examining why crony economic systems come into being, how they get re-created over time even in the face of dramatic regime changes, why they survive despite being detrimental to growth, and, most important, how crony capitalism can be reformed. Crony Capitalism and Economic Growth in Latin America does not attempt to cover all the wide-ranging issues related to the political economy of crony capitalism. It does, however, offer a powerful point of departurein terms of both theory and empirical researchfrom which further knowledge can be developed. From the Publisher Of all the factors blamed for Asian economic collapse of 1997, one stands out above all as the primary reason for the surprisingly rapid meltdown of East Asian economies: crony capitalism. But this systemin which those close to political policymakers receive favors allowing them to earn returns far above market valueis not limited to Asia. Crony systems are found around the world, and in no region of the world have they been as fundamental a feature of the economy as in Latin America. In this book, Stephen Haber and his expert contributors examine the causes and consequences of cronyism in Latin America. Drawing from case studies in Mexico, Brazil, and other countries around the world, they answer the key questions about this pervasive phenomenon, examining why crony economic systems come into being, how they get re-created over time even in the face of dramatic regime changes, why they survive despite being detrimental to growth, and, most important, how crony capitalism can be reformed. Crony Capitalism and Economic Growth in Latin America does not attempt to cover all the wide-ranging issues related to the political economy of crony capitalism. It does, however, offer a powerful point of departurein terms of both theory and empirical researchfrom which further knowledge can be developed. Stephen Haber is a professor of history and political science at Stanford University and the Peter and Helen Bing Senior Fellow at the Hoover Institution. He is also the director of Stanfords Social Science History Institute. Contributors: Stephen Haber, Anne O. Krueger, Noel Maurer, Armando Razo, Kenneth L. Sokoloff, William Summerhill, and Aaron Tornell Related Free eBooks
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