Market Liberalizations and Emigration from Latin America

Taylor & Francis

Market Liberalizations and Emigration from Latin AmericaAuthor(s): Jon Jonakin\nFormat: Hardback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9781138569287, 978-1138569287\nSynopsis\nMarket 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 serve.