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Título del libro: Capital Movements And Corporate Dominance In Latin America: Reduced Growth And Increased Instability
Título del capítulo: Introduction: The issues at stake

Autores UNAM:
NOEMI ORNAH LEVY ORLIK; JORGE ALONSO BUSTAMANTE TORRES;
Autores externos:

Idioma:

Año de publicación:
2021
Resumen:

In this chapter, we briefly discuss both the assumptions of conventional theory that establish the positive relationship between capital movements, economic growth, and welfare; and those derived from heterodox approaches that relate the movement of capital to indebtedness and financial fragility, which in the end generates economic and social stagnation and instability.We also analyse the effects of cross-border capital movements, manifested in foreign direct investment and portfolio capital, on the productive structure of emerging and developing economies. Highlighting the fact that the export model, imposed by large transnational and trans-Latin corporations, has favoured the reduction of costs through wages and generated a reprimarisation of Latin American countries, increasing income concentration and financial fragility, whose limitations have been exposed with the Covid-19 health crisis. © Noemi Levy-Orlik, Jorge Alonso Bustamante-Torres and Louis-Philippe Rochon 2021.


Entidades citadas de la UNAM: