Until the last decades of the nineteenth century, Mexico faced the twin problems of chronic political instability and slow economic growth. During the period of the Porfirio Diaz dictatorship (1876-1911), however, a series of institutional reforms reignited growth and created rents that enabled the Diaz government to threaten its opponents with military force or to buy them off. These institutional reforms came out of distinctly political processes, which often had to be brokered among multiple groups of economic elites and regional political bosses. Therefore, they were often structured to...
Until the last decades of the nineteenth century, Mexico faced the twin problems of chronic political instability and slow economic growth. During the...
This detailed economic history of Mexico presents a theory about how rent seeking permits economic growth and explains why political instability is not necessarily correlated with economic stagnation. It is intended for historians of Latin America, scholars interested in economic development, and political scientists interested in the political foundations of growth. Hb ISBN (2003): 0-521-82067-7
This detailed economic history of Mexico presents a theory about how rent seeking permits economic growth and explains why political instability is no...
In 1800, the per capita income of the United States was twice that of Mexico and roughly the same as Brazil's. By 1913, it was four times greater than Mexico's and seven times greater than Brazil's. This volume seeks to explain the nineteenth-century lag in Latin American economic development. The essays break with longstanding dependency traditions in Latin American historiography that focus on foreign influences to explain Latin American underdevelopment. Instead, they apply the approaches and methods of the New Economic History--which encompasses a wide arsenal of analytic tools and...
In 1800, the per capita income of the United States was twice that of Mexico and roughly the same as Brazil's. By 1913, it was four times greater than...
Until the last decades of the nineteenth century, Mexico faced the twin problems of chronic political instability and slow economic growth. During the period of the Porfirio Diaz dictatorship (1876-1911), however, a series of institutional reforms reignited growth and created rents that enabled the Diaz government to threaten its opponents with military force or to buy them off. These institutional reforms came out of distinctly political processes, which often had to be brokered among multiple groups of economic elites and regional political bosses. Therefore, they were often structured to...
Until the last decades of the nineteenth century, Mexico faced the twin problems of chronic political instability and slow economic growth. During the...
Why are banking systems unstable in so many countries--but not in others? The United States has had twelve systemic banking crises since 1840, while Canada has had none. The banking systems of Mexico and Brazil have not only been crisis prone but have provided miniscule amounts of credit to business enterprises and households.
Analyzing the political and banking history of the United Kingdom, the United States, Canada, Mexico, and Brazil through several centuries, Fragile by Design demonstrates that chronic banking crises and scarce credit are not accidents. Calomiris and...
Why are banking systems unstable in so many countries--but not in others? The United States has had twelve systemic banking crises since 1840, whil...
Why are banking systems unstable in so many countries--but not in others? The United States has had twelve systemic banking crises since 1840, while Canada has had none. The banking systems of Mexico and Brazil have not only been crisis prone but have provided miniscule amounts of credit to business enterprises and households.
Analyzing the political and banking history of the United Kingdom, the United States, Canada, Mexico, and Brazil through several centuries, Fragile by Design demonstrates that chronic banking crises and scarce credit are not accidents. Calomiris and...
Why are banking systems unstable in so many countries--but not in others? The United States has had twelve systemic banking crises since 1840, whil...
