ESADE Knowledge report
03th May 2012
Politics and the economy are like communicating vessels - they cannot be seen as separate from one another. Political processes and economic performance are interconnected to a great extent; their interaction is key to understanding the transformation of Latin America's economies.
A new publication edited by experts from ESADE and the Monterey Institute of International Studies sheds light on new trends in the political economy of Latin America. The book, The Oxford Handbook of Latin American Political Economy, was edited by Javier Santiso, Professor of Economics at ESADE Business School and a leading expert on emerging markets, and Jeff Dayton-Johnson, Associate Professor at the Monterey Institute of International Studies and a renowned development economist.
"The book includes contributions from nearly 30 international authors, ranging from top leading academic experts to policymakers who have been or still are actively involved in Latin American politics," said Professor Santiso. Published by the Oxford University Press, the handbook brings together and extends recent work that examines new trends in Latin American countries, such as democratic consolidation, macroeconomic stability and Asian trading partners.
"In 2009, during the crisis, there was no European country that could show the numbers of Chile - they had a surplus," said Professor Santiso. "Latin American countries are engaged in very ambitious and profound reforms. What the Brazilians have been doing in terms of social reforms, for instance, may be an inspiration to Europe and the United States."
The book features contributions from current and former economic policymakers in Latin America such as Fernando Henrique Cardoso, former president of Brazil; Andrés Velasco, former Chilean finance minister; Luis Carranza, former Peruvian finance minister; Martín Redrado, former president of the Central Bank of Argentina; and Luciano Coutinho, president of the Brazilian Development Bank.
Chapters in the book explore, among other topics, the political leadership and economic reform in Brazil, the politics of fiscal reform in Peru, the political economy of fiscal policy in Chile, the achievements and shortcomings of Cuba's economic policies, fiscal violence in Brazil and Mexico, and the politics of global financial markets in Latin America.
About the editors
Javier Santiso, Professor of Economics at ESADE Business School and Director of the ESADE Center for Global Economy and Geopolitics (ESADEgeo), is a leading expert on emerging markets and in particular on Latin America. He was formerly Director and Chief Economist at the OECD Development Centre and Chief Economist for Emerging Markets and Managing Director at BBVA. In 2011, Professor Santiso was named one of the most influential intellectuals by Foreign Policy. He is also a Young Global Leader of the World Economic Forum (WEF). Several of his books and articles on Latin America and emerging markets published have been published by Oxford University Press, MIT Press, OECD and Cambridge University Press. He is a founder of INNOVAlatino, a joint publication between INSEAD and the OECD that focuses on innovation in Latin America, and of the OECD Latin American Economic Outlook. He holds MBA and PhD degrees and studies in Paris, Oxford and Boston.
Jeff Dayton-Johnson, Associate Professor of International Trade and Development at the Monterey Institute of International Studies, is a development economist who has worked extensively on Latin America and other parts of the developing world. Previously, he was the Chief Economist of the Latin American Desk at the OECD Development Centre and co-editor of the OECD Latin American Economic Outlook. He holds a PhD in Economics from the University of California at Berkeley.
Santiso Guimaras, Javier; Dayton-Johnson, Jeff. The Oxford handbook of Latin American political economy. New York: Oxford University Press, 05/2012. 620 p.