ENGLISH

Consolidating Economic Governance in Latin America (Governance, Development, and Social Inclusion in Latin America)

By Alejandro Angel

Book information

Publisher
Palgrave Macmillan
Year
2021
ISBN
3030645215, 9783030645212
Language
english
Format
PDF
Filesize
3 MB (3056654 bytes)
Pages
284\277
Time added
2024-03-19 20:19:26

Description

This book explains how Latin American countries consolidate economic governance after serious disruptions to their formal and informal policy making routines. It asserts that the process of institutional change that started as a result of such disruptions resulted in complementary institutions, which supported a new consolidated pattern of economic governance. In addition, this work also offers a robust theoretical underpinning to economic governance, independent from performance. Performance figures prominently as a criterion to assess economic governance; however, crises are becoming more frequent and performance does not entirely depend on governments’ actions. This book argues that governance in the economic arena depends on the ability and feasibility of limiting the discretion of vested interests over economic policies insofar as these interests can shift the costs of their actions so the rest of the society bears them.

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