Hierarchical Capitalism in Latin America Schneider Hardback 9781107041639
Hierarchical Capitalism in Latin AmericaBusiness, Labor, and the Challenges of Equitable Development\nAuthor(s): Ben Ross Schneider\nFormat: Hardback\nPublisher: Cambridge University Press, United Kingdom\nImprint: Cambridge University Press\nISBN-13: 9781107041639, 978-1107041639\nSynopsis\nThis book argues that Latin America has a distinctive, enduring form of hierarchical capitalism characterized by multinational corporations, diversified business groups, low skills and segmented labor markets. Over time, institutional complementarities knit features of corporate governance and labor markets together and thus contribute to institutional resiliency. Political systems generally favored elites and insiders who further reinforced existing institutions and complementarities. Hierarchical capitalism has not promoted rising productivity, good jobs or equitable development, and the efficacy of development strategies to promote these outcomes depends on tackling negative institutional comp.
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