Suchergebnisse

Brigagão, Clóvis: Evolução da política interna e externa da Colômbia. - S. 3-22 Vidigal, Carlos Eduardo: Colômbia: economia nacional e suas relações com a economia regional e internacional. - S. 23-46 Rodrigues, Thiago: Colômbia e o amálgama da guerra. - S. 47-68 Ramírez, Socorro: Integración de Colombia con América del Sur y Alca. - S. 69-95

This is an intellectual self-profile. The author starts identifying the political and theoretical influences he had, as a young man, from his family, and from intellectuals as Marx, Weber and Keynes, abroad, and from Furtado and Rangel, in Brazil. He divides his contributions in historical and theoretical. The historical analyses are, on their turn, subdivided in those dealing specifically with Brazil and Latin America and others referring to changes in contemporary world economy and society. In the conclusion, the author makes a general evaluation of the work done, which involves also a research program for the future. (Rev Econ Polit/DÜI)

This paper has a double purpose. First, the author intends to discuss what is in game when the public social security is changed for private systems based on individual savings. Second, she aims to analyze why the neoliberal reforms are accepted easier in Latin America (with exception of Brazil) than in European countries. (Rev Econ Polit/DÜI)

Having just completed its second consecutive "lost decade", the Venezuelan case confirms that there are no short cuts to sound political economic management in the era of high capital mobility and securitized capital flows. The maintenance of a muddling-through exchange rate strategy has triumphed, at least for the time being, and enabled an elite executive-level coalition to prevail in pursuing a less than optimal macroeconomic policy. The author argues that Venezuela has avoided a full-blown Mexican or Brazilian-style devaluation by virtue of the Central Bank's ability to effectively manage the exchange rate. (Rev Econ Pol/DÜI)

This article lays out the general economic principles of exchange rate policy and provides an overview of the four country cases that have been included in this special edition of the journal: Mexico, Brazil, Argentina, and Venezuela. Three main currency regimes are discussed: the fixed but adjustable regime, the firmly fixed rate, and the floating rate regime. At the same time, the article distinguishes between two main approaches to exchange rate policy: the nominal anchor approach and the real targets approach. The author identifies the costs and benefits of implementing these various exchange rate regimes through the different phases of macroeconomic stabilization and structural adjustment. (Rev Econ Pol/DÜI)

The author begins by asking why Brazilian policymakers opted to target the exchange rate to stabilize inflation when this strategy had already failed in Mexico. The answer: It was no longer possible to accomodate the country's high inflation rate through the pervasive use of price indexation and a competitive exchange rate policy. The anchoring of the exchange rate within the Real Plan was the quickest route toward price stability. Brazil's recovery under a flexible currency regime suggests that the macroeconomic fundamentals are back on track. The challenge now lies in the crafting of a viable coalition that can cut through the mumerous parochial interests that converged to provoke the 1999 devaluation. (Rev Econ Pol/DÜI)

This article traces the ways in which political, economic, domestic, and international factors converged to provoke a massive financial crisis in Mexico in 1994/5, as well as its consequences for future reform efforts. The author argues that the ruling PRI party and international investors were equally adamant in defending the anchored exchange rate. However, in attempting to appease both domestic and foreign interests, the Salinas administration lost control of the macroeconomic fundamentals. While the combination of a massive multilateral loan and the shift to a floating exchange rate paved the way for Mexico's rapid economic recovery, a main legacy of the crisis was the political demise of the PRI. (Rev Econ Pol/DÜI)