Phillips Curves in Developing Countries: The Latin American Case

1982 ◽  
Vol 30 (2) ◽  
pp. 321-334 ◽  
Author(s):  
Jeffrey B. Nugent ◽  
Constantine Glezakos
Keyword(s):  
Developing Countries ◽  
Latin American ◽  
American Case

Modernization of the water utility company of Bogotá (Colombia): an example of public and private participation for solving management problems of water companies in developing countries

2005 ◽  
Vol 5 (2) ◽  
pp. 107-113
Author(s):  
F. Zuleta ◽  
A. Merlano ◽  
A. Alvarez ◽  
M. Montoya ◽  
E. Restrepo
Keyword(s):  
Developing Countries ◽  
Latin American ◽  
Public Management ◽  
Practical Case ◽  
Water Utility ◽  
Comparative Efficiency ◽  
Utility Company ◽  
Private Participation ◽  
Management Problems ◽  
Water Companies

A common characteristic of water utility and wastewater companies in developing countries is management problems and limited commercial vocation. In the biggest Latin American cities there is a level of infrastructure enough for providing a substantially better service than the one currently supplied to their badly served customers. For years decisions have moved between two extremes: public management – usually corrupted with playing politics and inefficiency problems, and privatization – sharply criticized by many, and which has shown tendencies to inequality that leave it far away from earning panacea status. This paper is intended to expose the advantages of a novel model in which a state-run company with commercial management problems, the EAAB, solves its limitations by keeping the ownership of its assets and successfully incorporating the participation of better practices from other specialized operators, one of which is a state-owned player, EEPPM. This scheme demonstrates how the service indicators of a system serving eight million inhabitants in the Colombian capital improved significantly with state-owned assets and private participation, without giving in to privatization pressures or stagnating in the usual inefficiency typical of public management in developing countries. This is proposed as a replicable experience that can be used in medium and large cities in other countries with similar management problems, with certain adjustments to fit the solution to the specific cases. This is also a practical case for conducting a comparison of competitiveness within a city, of interest for regulatory entities and investigators on the potential of comparative efficiency in a traditionally monopolistic industry.

Internationalization of emerging multinationals: the Latin American case

2014 ◽  
Vol 26 (6) ◽  
pp. 588-602 ◽  
Author(s):  
Mauricio Losada-Otálora ◽  
Lourdes Casanova
Keyword(s):  
Latin American ◽  
Global Economy ◽  
Secondary Data ◽  
Developed Countries ◽  
Analytical Framework ◽  
Content Type ◽  
Emerging Multinationals ◽  
Internationalization Strategies ◽  
American Case ◽  
Key Resources

Purpose – The purpose of this paper is to develop an analytical framework that challenges the condescending view of multinationals of emerging countries. In this paper, it is showed that emerging multinational companies (EMNCs) developed valuable resources that leveraged their internationalization strategies. Design/methodology/approach – An exploratory approach was used to investigate the internationalization strategies of EMNCs. A qualitative study was built on secondary data sources, particularly analysis of cases of the internationalization of Latin American companies. Findings – The internationalization strategies deployed by EMNCs are similar to the strategies of traditional multinationals (firms of developed countries). Similarly, EMNCs exploit, acquire or defend their resources in foreign markets. Additionally, the selection of each strategy depends on the availability, transferability and substitutability of the resources involved in the internationalization. Research limitations/implications – The traditional approaches that study the role of resources in the internationalization of the EMNCs have some shortcomings. It is worth conducting additional research including the approach developed here to advance in the comprehension of the behavior of EMNCs. Practical implications – Managers must identify and develop key resources to invest abroad. Additionally, managers need to take into account the characteristics of the resources of their firms to select an adequate strategy abroad. Originality/value – This paper shows that EMNCs are not resource laggards. Consequently, theoretical and empirical evidence is provided to advance the development of comprehensive theories of the internationalization of EMNCs. This paper offers academics and practitioners with a new focus to analyze the internationalization of EMNCs which are recognized as a driving force of the global economy.

scholarly journals Gerry Rogers (ed) Urban Poverty and the Labour Market: Access to lobs and Incomes in Asian and Latin American aties. Geneva: International labour Office. 1989. Price: 35 Swiss Francs (Softbound Edition).

1990 ◽  
Vol 29 (2) ◽  
pp. 186-189
Author(s):  
Sohail J. Malik
Keyword(s):  
Developing Countries ◽  
Labour Market ◽  
Latin American ◽  
Market Access ◽  
Urban Poverty ◽  
Development Models ◽  
The People ◽  
Growth Centres ◽  
World Development ◽  
Effective Contribution

In the period 1965 to 1985, the per capita consumption in the developing world went up by almost 70 percent. Yet one billion of the people in the developing countries today are living in poverty [World Development Report (1990)]. Despite the growth in incomes and consumption, the problem of poverty is enormous. In most development models a large reserve of low-paid workers (often rural based) is seen as a precondition for industrialization (often urban based), which in turn is seen as synonymous with development. It is the exploitation of these workers to generate the surpluses necessary for growth in the urban growth centres that forms the basis of policy in most developing countries. The very processes that generate this growth also make these workers the most vulnerable to poverty. And if stagnation or recession sets in, the results are disasterous. The book under review makes an effective contribution to focusing attention on the issues of urban poverty and the labour market.

scholarly journals Open access indicators and information society: the Latin American case

2009 ◽  
Vol 25 (2) ◽  
pp. 82-92 ◽  
Author(s):  
Nancy Gómez ◽  
Atilio Bustos‐Gonzalez ◽  
Julio Santillan‐Aldana ◽  
Olga Arias
Keyword(s):  
Open Access ◽  
Latin American ◽  
Information Society ◽  
American Case

Wage- and profit-led growth regimes: a panel-data approach

2021 ◽  
Vol 9 (3) ◽  
pp. 394-412
Author(s):  
Guilherme de Oliveira ◽  
Eduardo Prado Souza
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Panel Data ◽  
Latin American ◽  
Structural Characteristics ◽  
Developed Countries ◽  
Domestic Investment ◽  
Growth Regime ◽  
Investment Function ◽  
Trade Channel

The extensive empirical effort made in the growth and distribution literature to estimate whether economic growth is wage- or profit-led has not sufficiently considered the theoretical foundation of the Neo-Kaleckian model. This paper attempts to respect key tenets of the investment function by estimating a panel-data model in which country-specific structural characteristics and possible endogenous relationships in income distribution and economic growth are explicitly considered. The identification strategy is based on several estimates of the capital stock and the rate of capacity utilization for 61 countries over the period between 1995 and 2014. The main results suggest that the growth regime was wage-led in developed countries, while most developing countries exhibited a profit-led growth regime. Interestingly, however, while the profit-led regime occurs through the international trade channel in Latin American countries, in other developing countries, the causality channel is mainly related to the domestic investment function.

Innovation and Agronomy

2016 ◽  
pp. 392-418
Author(s):  
Ariel R. Soto Caro
Keyword(s):  
Developing Countries ◽  
Latin American ◽  
Emerging Economies ◽  
Public Policies ◽  
Agricultural Industry ◽  
Representative Case ◽  
World Power ◽  
Relationship Of ◽  
The Relationship ◽  
Latin American Countries

This chapter presents an empirical discussion about the relationship of agricultural industry and innovation in emerging economies. Then, a general revision of the innovation, agronomy and public policies associated will be reviewed. This chapter is immersed in the Chilean case. The author justifies that Chile can be a representative case because it is a country that wishes to become a world power in agro-food, but has very low investment in innovation. Besides, it has very low participation of agricultural innovative firms in the market. After the background is presented, innovation and development will be reviewed; subsequently, innovation in developing countries will be discussed, concluding with agro-innovation in Latin-American countries, especially in Chile.

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