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Hierarchical capitalism in Latin America : business, labor, and the challenges of equitable development /

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...

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Bibliographic Details
Main Authors: Schneider, Ben Ross.
Published:
Literature type: Book
Language: English
Series: Cambridge studies in comparative politics
Subjects:
Economic development > Political aspects > Latin America.
Capitalism > Latin America.
Summary: 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...
Item Description: Includes bibliographical references(p. 203-229) and index.
Carrier Form: xviii, 237 p. : ill. ; 23 cm.
ISBN: 9781107041639 (hardback)
9781107614291 (paperback) :
1107041635 (hardback)
1107614295 (paperback)
Index Number: HC125
CLC: F173.04
F177.04
Call Number: F177.04/S358
Contents: Part I. Theory and Frame: 1. Hierarchical capitalism in Latin America; 2. Comparing capitalisms: liberal, coordinated, network, and hierarchical; Part I Business, Labor, and Institutional Complementarities: 3. Corporate governance and diversified business groups: adaptable giants; 4. Corporate governance and MNCs: how ownership still matters; 5. Labor: atomized relations and segmented markets; 6. Education, training, and the low skill trap; Part III. Politics, Policy, and Development Strategy: 7. Business group politics: institutional bias and business preferences; 8. Twenty-first-century variations: divergence and possible escape trajectories; 9. Concluding considerations on institutiona origins and change.

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