All managers face a business environment where international and macroeconomic phenomena matter. Understanding the genesis of financial and currency crises, stock market booms and busts, and social and labor unrest is a crucial aspect in making informed managerial decisions. Adverse macroeconomic phenomena can have a catastrophic impact on firm performance ? witness the strong companies destroyed by the Mexican tequila crisis. Yet, at the same time, such episodes also create business opportunities ? and not just for the hedge funds and speculators that profit from them. Managers that have and...

Crime rates in Latin America are among the highest in the world, creating climates of fear and lawlessness in several countries. Despite this situation, there has been a lack of systematic effort to study crime in the region or the effectiveness of policies designed to tackle it. "The Economics of Crime" is a powerful corrective to this academic blind spot and makes an important contribution to the current debate on causes and solutions by applying lessons learned from recent developments in the economics of crime. "The Economics of Crime" addresses a variety of topics, including the impact...