Search

This paper aims to analyse the role of supreme courts of justice in some of the recent removals from office of progressive "pink tide" Latin American presidents and governments where so-called "new right" governments have taken power. It shows the composition of the supreme courts to be a decisive factor in removing these governments from power. The core hypothesis is that the judiciary may have served as a body for legitimating interruption and dismissal processes led by the legislature in contexts of institutional paralysis (or conflict with the executive branch). To demonstrate this, the case of Brazil is analysed and specifically the role played by the Federal Supreme Court (STF) in the dismissals of Luis Inácio Lula da Silva and Dilma Rousseff. [ABSTRACT FROM AUTHOR]

The paper presents a general analysis of the relations among United States and Latin America considering issues such as the questioning of the US centrality globally and in the hemisphere, Brazil's policies to the region and the impact of the growing relations with China. [ABSTRACT FROM AUTHOR]

Standard economic theories of wage inequality focus on the factor-biased nature of technological change and globalization. This paper examines the long-run development of industrial wage inequality in Latin America from a global comparative perspective. We find that wage inequality was comparatively modest during the first half of the twentieth century, but rising much faster during the post-war era than in other industrial countries. In-depth analyses of wage inequality trends in Argentina, Brazil, and Chile confirm this pattern, but also reveal notable country peculiarities. In Argentina and Chile, trend breaks coincided with large political-institutional shocks while in Brazil, wage inequality increased unabated under the wage regulation policies of successive post-war administrations. We argue that without taking national policies with respect to education and the labor market into account, economic theory cannot explain 'Latin American' patterns of wage inequality. [ABSTRACT FROM AUTHOR]

The paper examines the relationship between the performance of Latin American stock markets with their real economies, applying seven econometric models for the cases of Argentina, Brazil, Chile and Mexico. The relationship between stock market yields in these countries and their respective GDPS is examined and compared, applying to the series for each country unit root tests, cointegration analysis, error correction model analysis, Granger causality modeling, self-regression vector analysis, stimulus and response functions, and variance decomposition analysis. The series comprise the following stock markets: Argentina's MERVAL, Brazil's BOVESPA, Chile's IGPA, and Mexico's IPC, as compiled by Economática. The GDP series were obtained from the Cepalstat data base. The series are monthly and are for the period 1993-2005. [ABSTRACT FROM AUTHOR]

This paper presents Latin American and Asian perspectives on the biofuels emerging industry. The Brazilian's possibilities of participation on this industry evolution and the involvement on the world trade for ethanol and biodiesel are discussed. Also, an investigation about who will be the main "strategic" partners of Brazil in this sector is made: the huge consumer markets of developed countries or the emerging and also hungry consumers of energy Asian economies? [ABSTRACT FROM AUTHOR]