The Financialization Response to Economic Disequilibria ─ European and Latin American Experiences

Economists from Europe and Latin America analyze financialization as a response to economic disequilibria from the perspectives of structural disequilibria in Europe: what to do; the forces of disequilibria at work: their impact on growth; disequilibria in the Mexican economy: the export growth model, economic stagnation, and labor precarization; and disequilibria in Mexico: the financial and fiscal trap. Among their topics are debt deflation theory and the Great Recession, Latin America in the new international order: new forms of economic organization and old forms of surplus appropriation, the limits of the export-led growth model: the Mexican experience, and economic growth and financial development in Mexico: from a virtuous circle of a bidirectional causality to a financial subordination. The 14 studies are from an international seminar held in Mexico City in September 2014. Annotation ©2016 Ringgold, Inc., Portland, OR (protoview.com)

Edited by Noemi Levy, Professor, National Autonomous University of Mexico (UNAM) and Etelberto Ortiz, Professor, Metropolitan Autonomous University (UAM), Mexico