The Financialization Response to Economic Disequilibria

European and Latin American Experiences

Noemi Levy, Etelberto Ortiz (Herausgeber)

Buch | Hardcover

288 Seiten

2016
Edward Elgar Publishing Ltd (Verlag)
978-1-78536-475-4 (ISBN)

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Editors Noemi Levy and Etelberto Ortiz analyze the limitations of economic growth and development under capitalist economic organizations where financial capital is dominant, as well as explore alternative economic policies.

Europe's and Latin America's social and economic stagnation is a direct result of the unresolved phenomena of the financialization crisis that broke in 2008 in developed countries. Editors Noemi Levy and Etelberto Ortiz analyze the limitations of economic growth and development under capitalist economic organizations where financial capital is dominant as well as explore alternate economic policies.This book argues that institutional settings based on the international monetary market, the global production organization, and the international commerce arraignments need to be redesigned to improve countries' economic growth, job opportunities, and salaries. In order for economic disequilibria to be reduced among regions, countries, and social classes, economic surplus appropriation must be regulated. Divided into four distinct thematic sections, the chapters discuss how income distribution must be re-evaluated in order to halt the economic crisis of developing countries in Europe and Latin America and to boost a new cycle of economic growth and development.

This critical discussion will be of value to economic scholars and researchers, policy makers wishing to learn more about the limitations of economic growth, as well as journalists specializing in economic issues.

Contributors include: A. Álvarez, E. Basilio, R. Bellofiore, H. Bougrine, A. Chapoy, A. Cibils, C. Domínguez, F. Garibaldo, M. Guadalupe Huerta, L. Kato, N. Levy, T. López, J. Marroquín, S. Martínez, M. Mortagua, E. Ortiz, L.Á. Ortiz, G. Pinazo, L.-P. Rochon, C.A. Rozo, D. Tropeano. A. Vercelli

Edited by Noemi Levy, Senior Professor, National Autonomous University of Mexico (UNAM) and Etelberto Ortiz, Professor, Metropolitan Autonomous University (UAM), Mexico

Contents:

INTRODUCTION
What are the Issues Now? Controversies About Disequilibria, Economic Growth, and Economic Policies
Noemi Levy and Etelberto Ortiz

PART I STRUCTURAL DESEQUILIBRIA IN EUROPE: WHAT TO DO
1. A Structural and Monetary Perspective of the Euro Crisis
Riccardo Bellofiore, Francesco Garibaldo and Mariana Mortagua

2. The Big Financial Crisis and the European Economic Adjustment: A Road Towards the Strengthening of the Neoliberal Agenda
Ma. Guadalupe Huerta

3. Debt Deflation Theory and the Great Recession
Domenica Tropeano and Alessandro Vercelli

PART II THE FORCES OF DESEQUILIBRIA AT WORK: THEIR IMPACT ON GROWTH
4. The Periphery in the Productive Globalization: A New Dependency?
Alan Cibils and Germán Pinazo

5. Latin America in the New International Order: New Forms of Economic Organizations and Old Forms of Surplus Appropriation
Noemi Levy

6. Inequality, Technological Change and Worldwide Economic Recovery
Carlos A. Rozo

7. Global Disequilibria and the Inequitable Distribution of Income
Alma Chapoy

8. Financialization, Crisis and Economic Policy
Hassan Bougrine and Louis-Philippe Rochon

PART III DISEQUILIBRIA IN THE MEXICAN ECONOMY: THE EXPORT GROWTH MODEL, ECONOMIC STAGNATION AND LABOR PRECARIZATION
9. The Limits of the Export Led Growth Model: The Mexican Experience
Etelberto Ortiz

10. The Mexican Economy in 2014: Between Crisis, Free Trade, Social Devastation and Labour Precarization
Alejandro Álvarez and Sandra Martínez

11. The Accumulation Mode of Production in Mexico and the Economic Structure of the Manufacturing Industry
Luis Kato

PART IV DISEQUILIBRIA IN MEXICO: THE FINANCIAL AND FISCAL TRAP
12. Economic Growth and Financial Development in Mexico: From a Virtuous Circle of a Bidirectional Causality to a Financial Subordination
Teresa López and Eufemia Basilio

13. Private Sector Finance in the Era of Deregulation and Economic Openness: Mexico 2000-2014
Christian Domínguez and Juan Marroquín

14. Pro-cyclical Fiscal Policy and the Fiscal Support of the Mexican Monetary Policy
Luis Á. Ortiz

Index

Erscheinungsdatum	10.07.2016
Reihe/Serie	New Directions in Post-Keynesian Economics series
Verlagsort	Cheltenham
Sprache	englisch
Maße	156 x 234 mm
Themenwelt	Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
Themenwelt	Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
ISBN-10	1-78536-475-8 / 1785364758
ISBN-13	978-1-78536-475-4 / 9781785364754
Zustand	Neuware