Economics of Latin America ECON 3235 112 Dealy
Nora Lustig, May 2017 Barcelona presentation Dynamics of inequality in Latin America
Inequality and the rise of the Middle Class in Latin America $4/day $4-10/day $10 to $50 per day Most recent estimates
Case Studies: Chile Dana Nelson; Cuba/DR: Nicholas Dibartolo Puerto Rico; JJ Meador, Brianna Horan, Melky Kunar; Honduras Pauline Laforcade; Argentina: Phillip Le Clair; Guatemala: Nicholas Nicollia; Bolivia Bryan Dufour; Brazil: Kristen Kinneary & Eric Gutierrez; Melissa Mooney; Mexico: Julianna LoPriore and Selena Casas
Notes and newsworthy: Election Problems in Argentina?
Michel Bachelet is in “Still Rising” Skoll-TED-UN video of Maya Angelou’s poem published September 21st Becoming a Steelworker Liberated Her. Then Her Job Moved to Mexico. https://nyti.ms/2z6Tai1
Chile: Nice Wilson Center presentation by **Sebastián Piñera Chilean Presidential Candidate (works in Firefox if you temporarily enable Adobe extensions)
A Damaged Brand: Birdsall, Nancy, Augusto De la Torre, and Felipe Valencia Caicedo. “The Washington consensus: assessing a damaged brand.” (2010).
Lecture Topics: External Adjustment Models: Elasticities and TNT Models; How can countries make shock treatment obsolete: they can “graduate” to pro-cyclical fiscal policy, not forced to counter adverse shocks with “austerity” Financial Markets and commodity price shocks still a problem: McKinsey Inclusive Financial Globalization How to avoid Shock Treatment? Export diversification should help but have not (except NAFTA) Readings Sachs and Larraine, Chapter 21 Chapter 21 to page 663 Flexible Exchange rate: Mexico’s best Defense…
September 11th: History of Chile and Populism reminds us Latin America has a long history of crises followed by “shock treatment” Globalization and 9-11 (also date of Chile’s coup…) Commanding Heights: the Agony of Reform Commanding Heights Opening Minutes (skip ads) Transcript (Chile starts at 21:42 (shock treatment at 28 mins Friedman “dog’s tail” and who in Bolivia’s “single bullet” metaphor starts at 48:55 click to open (Sachs prescribes shock treatment for Bolivia, compare leaders during 1980s to Evo Morales and MAS…)
The Great Convergence (Richard Baldwin see NAFTA slide)
Equator Prize Celebration: Sunday Sept 17th, 7pm extra credit event* Fordham is the only Academic Affiliate of the Equator Initiative, part of UNDP…*Write up a 1-2 page Summary of Latin American winners (past or present) This group should wind the equator prize, Nopales are perfect climate change adaptation MENA Nopales Cooperative
Dutch Disease Issue Page: Rentier States should adopt a Universal Basic Income (UBI) Will the real populist please stand up?
Videos and podcast useful for Populism Lecture v4 pdf
Course related Videos and podcasts
**Sebastián Piñera Echenique was President of Chile from 2010 to 2014. He is currently the frontrunner in Chile’s upcoming presidential election, to be held on November 19, 2017. Piñera is supported by a coalition of conservative and center-right political parties, called Chile Vamos. Before becoming president, he was a successful entrepreneur and businessman with a broad portfolio of investments in banking, media, airlines, and sports. He was the first center-right candidate to win the presidency since Chile’s return to democracy.
Why has Chile stopped growing?NPR Podcast Planet Monday “The Phone at the end of the World”
The Agony of Reform in Chile and Bolivia (Commanding Heights Part 2)
UBS Under the Same Sun Americas Exhibit, 2014
Mexico: Compartamos Maria Hinojosa (try Firefox to view video) Whose making money from Microcredit?
Many talking heads: Mary Small JRS and Shaina Aber on Refugees from the Iron Triangle
Commanding Heights: the Agony of Reform
(Chile starts at 21:42 Bolivia starts at 48:55 click to open in new tab)
Oliver Stone South of the Border Trailer (newer, shorter just over 2 minutes)
Oliver Stone South of the Border Trailer (old longer 4 minutes)
Guggenheim UBS Show, 2014 Under the Same Sun
Women’s World Bank and Banco ADOPEM’s “Contracorriente”- Financial Education Trailer
Chilean Student Protests Al Jazeera 20+ minutes
Brazil’s Havan Box Stores (NY Times 2013)
Two Latin Americas? Pacific Alliance vs. Mercosur
Please take this brief entry survey when you get a minute, thank you, Darryl McLeod