Crony Capitalism and Economic Growth in Latin America - Theory and Evidence (Paperback)

Crony capitalism systems--in which those close to political policymakers receive favors allowing them to earn returns far above market value--are found around the world, but in no region have they been as fundamental a feature of the economy as in Latin America. Stephen Haber and his expert contributors draw from case studies in Mexico, Brazil, and other countries around the world and examine the causes and consequences of cronyism. Contributors: Stephen Haber, Anne O. Krueger, Noel Maurer, Armando Razo, Kenneth L. Sokoloff, William Summerhill, Aaton Tornell