Hierarchical Capitalism in Latin America(English, Hardcover, Schneider Ben Ross)

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Hierarchical Capitalism in Latin America(English, Hardcover, Schneider Ben Ross) is written by Schneider Ben Ross and published by Cambridge University Press. It's available with International Standard Book Number or ISBN identification 1107041635 (ISBN 10) and 9781107041639 (ISBN 13).

This book argues that Latin America has a distinctive, enduring form of hierarchical capitalism characterized by multinational corporations, diversified business groups, low skills and segmented labor markets. Over time, institutional complementarities knit features of corporate governance and labor markets together and thus contribute to institutional resiliency. Political systems generally favored elites and insiders who further reinforced existing institutions and complementarities. Hierarchical capitalism has not promoted rising productivity, good jobs or equitable development, and the efficacy of development strategies to promote these outcomes depends on tackling negative institutional complementarities. This book is intended to open a new debate on the nature of capitalism in Latin America and link that discussion to related research on comparative capitalism in other parts of the world.