Capital Movements and Corporate Dominance in Latin America. Reduced Growth and Increased Instability - Noemi Levy-Orlik;Jorge A. Bustamante-Torres;Louis-Philippe Rochon

As a result, large corporations and financial markets became central institutions in developing economies. In this context, Latin American countries globalized their economies, modifying their productive and financial structures and strengthening large corporation and non- financial structures.

This economic order was a failure, as it was unable to achieve development in Latin America; large capital corporations either re-primarized their productive activity or developed an organization based on assembly manufacture, and, as such, financial markets remained underdeveloped because large corporations did not operate through domestic financial markets.

In this book, the effects of these trends are analyzed in regional and country studies, while the impact of the 2008 Great Financial Crisis on Latin American economies are also considered.

Researchers and students, especially those interested in a Post-Keynesian or heterodox view of the region, will find these studies illuminating.