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This brief text offers an unbiased reflection on the neoliberal debate in Latin America and the institutional puzzle that underlies the region's difficulties with democratization and development. In addition to providing an overview of this key element of the Latin American political economy, Peter Kingstone also advances an important but under-explored argument about political institutions. Kingstone offers a unique contribution by mapping out the problem of how to understand institutions, why they are created, and why Latin American ones function the way they do.

This timely and...

After 21 years of military rule, Brazil returned to democracy in 1985. Over the past decade and a half, Brazilians in the Nova Republica (New Republic) have struggled with a range of diverse challenges that have tested the durability and quality of the young democracy. How well have they succeeded? To what extent can we say that Brazilian democracy has consolidated? What actors, institutions, and processes have emerged as most salient over the past 15 years? Although Brazil is Latin America's largest country, the world's third largest democracy, and a country with a population and GNP...

This brief text offers an unbiased reflection on the neoliberal debate in Latin America and the institutional puzzle that underlies the region's difficulties with democratization and development. In addition to providing an overview of this key element of the Latin American political economy, Peter Kingstone also advances an important but under-explored argument about political institutions. Kingstone offers a unique contribution by mapping out the problem of how to understand institutions, why they are created, and why Latin American ones function the way they do.

This timely and...

The success of political efforts to create a more open economy in Brazil over the past decade has depended crucially on support from the industrial sector, which long enjoyed the benefits of protection by the state from economic competition. Why businesses previously so sheltered would back neoliberal reform, and why opposition arose at times from sectors least threatened by free trade, are the puzzles this book seeks to answer.

Drawing on more than one hundred interviews with industrialists and business association representatives, as well as a wide range of other sources, Peter...