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Este artículo analiza las trayectorias de modernización estructural para la industria de ocho países latinoamericanos (Bolivia, Brasil, Colombia, Costa Rica, Ecuador, México, Perú, Uruguay) desde 1970 hasta la fecha. Desde una perspectiva teórica estructuralista que explora las interacciones dinámicas entre el cambio estructural y el escalamiento tecnológico, se construye un índice de modernización. Los hallazgos muestran que el establecimiento de modelos económicos neoliberales en Latinoamérica a partir de los años ochenta, significó un punto de ruptura en estas trayectorias. Mientras la racionalización de procesos productivos por parte de las empresas implicó un desplazamiento del empleo en dirección de usos de baja productividad relativa, el desarrollo de industrias intensivas en capital e insertas en dinámicas globales, no impulsó la modernización estructural debido a la naturaleza de las tareas efectuadas. Los ejercicios permiten esbozar una primera tipología en términos de las carencias más apremiantes de cada caso.
This paper presents a new dataset of enrolment rates and grade distribution ratios (GDR) in Brazil between 1933 and 2010, in addition to enrolment rates and GDR of Brazilian states from 1955 to 2010. To our knowledge, there are no previous estimates of enrolment rates by states for such a long period in Brazil. Enrolment rates and GDR in northern and north-eastern states were meagre and comparable to the lowest Latin American performers, and even the most advanced Brazilian states lagged behind the early leaders of the region, such as Argentina and Uruguay, until the turn of the century. Given a certain enrolment rate, Brazilian states were expected to present lower GDR compared to Latin American countries on average.
How does social spending relate to economic growth and which countries have got this right and wrong? Peter Lindert examines the experience of countries across the globe to reveal what has worked, what needs changing, and who the winners and losers are under different systems. He traces the development of public education, health care, pensions, and welfare provision, and addresses key questions around intergenerational inequality and fiscal redistribution, the returns to investment in human capital, how to deal with an aging population, whether migration is a cost or a benefit, and how social spending differs in autocracies and democracies. The book shows that what we need to do above all is to invest more in the young from cradle to career, and shift the burden of paying for social insurance away from the workplace and to society as a whole.
The purpose of this paper is to determine trends in the wages and living standards of male agricultural labourers in Central Chile during the agrarian expansion, c. 1870-1930. We found that nominal wages increased eightfold; this is relevant because wage labour became the main rural labour regime in this period. Nominal wages rose steadily from the early 1870s until 1910, and with significant fluctuations thereafter, before plummeting with the Great Depression. Real wages also increased, but only slightly. Furthermore, during certain short periods, agricultural labourers' real wages were similar to or higher than those of low-skilled urban workers. However, the persistent gap between agricultural and non-agricultural wages was one of the causal factors of the outmigration of rural workers.
This study looks at human capital in Spain during the early stages of modern economic growth. We have assembled a new dataset for age-heaping and literacy in Spain with information about men and women from six population censuses and forty-nine provinces between 1877 and 1930. Our results show that, although age-heaping was less prevalent during the second half of the 19th century than previously thought, it did not decline until the early 20th century. Given that literacy increased throughout the whole period, our study thus unveils stark differences between age-heaping and literacy, which raises further questions regarding sources, methods and interpretation.
This paper explores Alexis de Tocqueville's thought on fiscal political economy as a forerunner of the modern school of preference falsification and rational irrationality in economic decision making. A good part of the literature has misrepresented Tocqueville as an unconditional optimist regarding the future of fiscal moderation under democracy. Yet, although he initially shared the cautious optimism of most classical economists with respect to taxes under extended suffrage, Tocqueville's view turned more pessimistic in the second volume of his Democracy in America. Universal enfranchisement and democratic governments would lead to higher taxes, more intense income redistribution and government control. Under democracy, the continuous search for unconditional equality would eventually jeopardise liberty and economic growth.
This chapter traces the evolution of the international monetary system and the management of sterling from Britain's suspension of convertibility in September 1931 to the eve of Franklin Roosevelt's inauguration in March 1933. To influence the pound's value now that it was no longer tied to gold, Britain created the Exchange Equalisation Account, an innovation of lasting consequence that led to accusations of currency manipulation. All the while, the world splintered into monetary blocs: many countries followed sterling's lead, some recommitted to gold, and others found refuge in exchange controls. This fragmentation, coupled with sterling's depreciation, the secrecy with which London employed the fund to manage the pound, and the increasing tendency of all to view policy in zero-sum terms, drowned the powers in bad blood and brought monetary cooperation to a halt.
This paper revisits the political economy during Spanish rule in America by reappraising the allegedly positive impact that intra-imperial transfers (situados) had on the Caribbean economy. It raises concerns concerning categories such as bargaining and absolutism and their accuracy in accounting for the nature of Spanish imperial rule. Three main findings are reported. Firstly, it seems inaccurate to hold that all remittances were injected into the economy with positive effects. Liquidity apparently provoked a real estate bubble. Secondly, the local market was not necessarily sensitive to the arrival of bullion. Finally, jurisdictional fragmentation allowed the king to issue debt in a disorderly fashion and with no constraints, and local officials and groups of interests to behave as free riders.
This chapter narrates the twists and turns in monetary relations that culminated in the Tripartite Agreement. After discussing the franc's deteriorating position from the spring of 1935 and the implications for Britain's management of the pound, it turns to the pivotal Anglo-American relationship. Distrust was pervasive, but the two sides eventually came to an understanding, assuring each other that they would not further depreciate their currencies in response to a fall in the franc. With London and Washington talking again, there was now space for an agreement to facilitate French devaluation. The resulting Tripartite Agreement, announced on September 26, 1936, set forth revolutionary principles for monetary cooperation, including the rejection of competitive depreciation and exchange controls. With time, the Agreement--informal and vague, unconventional and pathbreaking--would turn the page on the chaos of earlier years and redefine the international monetary landscape.
This introduction sets the stage, describing the evolution of the international monetary system during the 1930s and the tenets of the Tripartite Agreement, as well as providing a literature review.
This chapter recounts the breakdown of the international monetary system during the First World War and the subsequent reconstruction of the gold standard in the postwar decade, focusing on Britain's return to gold in 1925. Throughout the 1920s, central bankers cooperated with one another to guide the world back to gold, but fixed exchange rates and gold convertibility did not usher in nirvana. Britain, in particular, suffered from elevated unemployment and struggled to defend sterling's parity. London's decision to suspend gold convertibility in 1931 not only signaled the end of an era, but was to many countries the first salvo in what would become the monetary war.
This chapter explores the operation of the classical gold standard from the end of the nineteenth century to the verge of the First World War. Beyond providing context, surveying the classical era sheds light on a recurrent theme throughout this book: gold is not monolithic. There is not one way to be "on" gold, and there are many ways to be "off" it. Even during the classical gold standard, when reality came as close as ever to approximating the textbook model, no two countries had precisely the same monetary setup, and this multiplicity would only intensify in the postwar era.