Capital Movements and Corporate Dominance in Latin America

Reduced Growth and Increased Instability

New Directions in Post-Keynesian Economics series

Edited by Noemi Levy-Orlik, Senior Professor, Economic Faculty, Jorge Alonso Bustamante-Torres, Associate Professor, FES Acatlán, Universidad Nacional Autónoma de México, Mexico City, Mexico and Louis-Philippe Rochon, Full Professor, Laurentian University, Canada, Editor-in-Chief of Review of Political Economy and Founding Editor Emeritus, Review of Keynesian Economics

This book addresses the problems of Latin America, through two of the most important features of the post-Bretton Woods economic order, large corporations and weak financial markets. In turn, it shows that their impact on economic growth and development is feeble and short-lived. This resulted in income concentration and an extremely unequal distribution of wealth in the region.

‘Cross-border capital movements and the operations of corporations have major effects on the economic and social paths of developing and emerging economies. This wide-ranging collection of insightful essays brings us knowledge and understanding of the many important dimensions by which globalised financialisation has dominated Latin American economies.’
——马尔科姆·索耶,经济学名誉教授,University of Leeds, UK