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Paperback Hierarchical Capitalism in Latin America: Business, Labor, and the Challenges of Equitable Development Book

ISBN: 1107614295

ISBN13: 9781107614291

Hierarchical Capitalism in Latin America: Business, Labor, and the Challenges of Equitable Development

(Part of the Cambridge Studies in Comparative Politics Series)

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Book Overview

This 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 contributed to institutional resiliency. Political systems generally favored elites and insiders who further reinforced existing...

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