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Market Liberalizations and Emigration from Latin America

Author: Jon Jonakin
Publisher: London : Taylor and Francis, 2017.
Series: Routledge Studies in Latin American Development
Edition/Format:   eBook : Document : English : First editionView all editions and formats
Summary:
"Market Liberalizations and Emigration From Latin America provides a comprehensive analysis of the impact of the era of liberalization in Latin America, focusing in particular on labor markets and emigration from the region. Starting in 1980, liberalization in Latin America was expected to improve market functioning, efficiency, and welfare. Instead, it yielded slower growth, unexpectedly high levels of unemployment  Read more...
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Genre/Form: Electronic books
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Jon Jonakin
ISBN: 9780203704325 0203704320
OCLC Number: 1004968182
Description: 1 online resource : text file, PDF
Contents: ""Cover""; ""Half Title""; ""Book Title""; ""Copyright""; ""Table of Contents""; ""List of tables""; ""Preface""; ""Acknowledgments""; ""List of acronyms""; ""1 Troubled economic narratives in a time of â#x80;#x98;globalizationâ#x80;#x99;""; ""Backdrop to market liberalizations: macro stabilization and structural adjustment""; ""Orthodox theoryâ#x80;#x99;s conundrum: between the idea and the reality, a shadow falls""; ""Fictional assumptions, incontrovertible theory, and a world of pain and paradox""; ""Disorderly clutter as clarification in the heterodox narrative: concluding thoughts as prologue""; ""Notes"" ""2 Through the looking glass: structural change and Latin Americaâ#x80;#x99;s refracted reality""""Export promotion, capital transfers, and productive structures""; ""Market liberalizations, de-industrialized work, and labor market deterioration""; ""Asymmetric rules, flawed assumptions, and dismal performance: with so few winners, where did the many losers go?""; ""Notes""; ""3 Shrinking options while enthusing about â#x80;#x98;choiceâ#x80;#x99;: labor market deregulation, informality, and emigrant exodus""; ""Informal sector: definitions, size, characteristics, and economic status"" ""The informal sectorâ#x80;#x99;s awkward segue from vice to virtue, from compulsion to â#x80;#x98;choiceâ#x80;#x99;""""Disarticulation and the urban informal sector: the loss of virtue or vice redux""; ""Obfuscation and paradox as a way of life: concluding thoughts""; ""Notes""; ""4 The global liberalization that went missing: undocumented immigration and a slew of troubled narratives""; ""Immigration and its imagined impact: a story of disparate factors, not so disparate effects yet disparate treatment""; ""The real immigrant: software engineers or huddled masses?"" ""The political economic determinants of the formation of orthodox immigration policy: inequality? Racism? Or both?""""Norming the facts of their experience""; ""Notes""; ""5 Mexico: liberalizationâ#x80;#x99;s poster child that emigrated""; ""The apparent and the real: FDI, productive modes, and import liberalization masquerading as export promotion""; ""Flexible markets and desert crossings: the illiberal liberal reform of labor""; ""Slouching toward Bethlehem and the Global North""; ""Notes"" ""6 The contradictions and consequences of market liberalizations in â#x80;#x98;petro-statesâ#x80;#x99;:the evolutions of Venezuela and Ecuador""""Economic â#x80;#x98;big bangâ#x80;#x99; theory: market liberalizations, and the exploding universes of Venezuela and Ecuador""; ""The heterodox turn in the petro-state:Venezuelaâ#x80;#x99;s and Ecuadorâ#x80;#x99;s â#x80;#x98;second independenceâ#x80;#x99;""; ""Oil rents and development: the necessary but not sufficient conditions""; ""Notes""; ""7 Succumbing to ideology: asymmetric rules, disarticulated structures, and faux choices""; ""Asymmetric rules""; ""Disarticulated structures""; ""Faux choices""
Series Title: Routledge Studies in Latin American Development
Responsibility: Jon Jonakin.

Abstract:

"Market Liberalizations and Emigration From Latin America provides a comprehensive analysis of the impact of the era of liberalization in Latin America, focusing in particular on labor markets and emigration from the region. Starting in 1980, liberalization in Latin America was expected to improve market functioning, efficiency, and welfare. Instead, it yielded slower growth, unexpectedly high levels of unemployment and income inequality, flat or falling wages, an increase in non-tradeable (service sector) and informal activity, and, finally, waves of emigration from Mexico, Central America, and Ecuador, among other countries. This book provides a heterodox narrative explanation of why the orthodox economic model that underwrote the standard 'trickle-down' account served more to obscure and obfuscate than to explain and clarify the state-of-affairs. The book investigates the impact of the global-scale liberalizations of markets for goods and physical and finance capital and the mere national-scale liberalization of regional labor markets, arguing that these asymmetric liberalizations, together, resulted in labor market failure and contributed in turn to the subsequent, undocumented migrant flow. The ultimate effect of the skewed scale of market liberalizations in Latin America disproportionately benefited capital at the expense of labor. Market Liberalizations and Emigration From Latin America will be of interest to researchers of economics and development in Latin America."--Provided by publisher.

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