Economic growth, inequality and crony capitalism: the case of Brazil
"Researchers in international development have long argued that the high costs of doing business harms prosperity in developing countries, a claim that invites the question of why governments impose these costs and why societies fail to enact reforms reducing them. This book seeks to answer the...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Abingdon, Oxon
Routledge
2021
|
| Schriftenreihe: | Routledge studies in the modern world economy
Routledge studies in the modern world economy |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | "Researchers in international development have long argued that the high costs of doing business harms prosperity in developing countries, a claim that invites the question of why governments impose these costs and why societies fail to enact reforms reducing them. This book seeks to answer the question by looking at the case of Brazil, a large and highly unequal economy riddled with state-imposed transaction costs. By delving into the political dynamics underlying a costly business environment, this book provides the reader with novel insights into crony capitalism and inequality. It argues that the root cause of a costly business environment is the collusion between political actors, bureaucrats and business insiders. Politicians and bureaucrats relish their discretion over rules and policies as a power resource, since they can increase or decrease the costs of doing business faced by firms and sectors. Business insiders collude with government agents to access the loopholes that decrease the cost of doing business, thus gaining a competitive edge over outsiders. This gives the insiders weaker preferences for reforms that could decrease the overall cost of doing business. By pursuing their self-interest, these actors create a low-level equilibrium that perpetuates crony capitalism and inequality, to the detriment of overall prosperity. The book makes its case with a sophisticated combination of formal modelling, quantitative analyses and in-depth case studies of tax policy and of the pharmaceutical and agricultural sectors in Brazil. Observers have declared the need for reforms that improve the business environment in developing countries for a long time. However, the findings presented in this book suggests they might have underestimated the challenge ahead. Scholars and policy-makers in international development, business politics and political economy will be interested in the innovative perspective of this book"-- |
| Beschreibung: | Description based on online resource; title from digital title page (viewed on June 16, 2020) |
| Beschreibung: | 1 online resource (xiv, 207 pages) illustrations |
| ISBN: | 9781003020332 100302033X 9781000088632 1000088634 9781000088663 1000088669 9781000088601 100008860X |
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Datensatz im Suchindex
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| author | Limoeiro, Danilo Rocha 1982- |
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| dewey-search | 338.981 |
| dewey-sort | 3338.981 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| id | DE-604.BV047016992 |
| illustrated | Illustrated |
| index_date | 2024-07-03T15:58:19Z |
| indexdate | 2024-07-10T09:00:15Z |
| institution | BVB |
| isbn | 9781003020332 100302033X 9781000088632 1000088634 9781000088663 1000088669 9781000088601 100008860X |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-032424528 |
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| physical | 1 online resource (xiv, 207 pages) illustrations |
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| publishDate | 2021 |
| publishDateSearch | 2021 |
| publishDateSort | 2021 |
| publisher | Routledge |
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| series2 | Routledge studies in the modern world economy |
| spelling | Limoeiro, Danilo Rocha 1982- Verfasser aut Economic growth, inequality and crony capitalism the case of Brazil Danilo Rocha Limoeiro Abingdon, Oxon Routledge 2021 © 2021 1 online resource (xiv, 207 pages) illustrations txt rdacontent c rdamedia cr rdacarrier Routledge studies in the modern world economy Description based on online resource; title from digital title page (viewed on June 16, 2020) "Researchers in international development have long argued that the high costs of doing business harms prosperity in developing countries, a claim that invites the question of why governments impose these costs and why societies fail to enact reforms reducing them. This book seeks to answer the question by looking at the case of Brazil, a large and highly unequal economy riddled with state-imposed transaction costs. By delving into the political dynamics underlying a costly business environment, this book provides the reader with novel insights into crony capitalism and inequality. It argues that the root cause of a costly business environment is the collusion between political actors, bureaucrats and business insiders. Politicians and bureaucrats relish their discretion over rules and policies as a power resource, since they can increase or decrease the costs of doing business faced by firms and sectors. Business insiders collude with government agents to access the loopholes that decrease the cost of doing business, thus gaining a competitive edge over outsiders. This gives the insiders weaker preferences for reforms that could decrease the overall cost of doing business. By pursuing their self-interest, these actors create a low-level equilibrium that perpetuates crony capitalism and inequality, to the detriment of overall prosperity. The book makes its case with a sophisticated combination of formal modelling, quantitative analyses and in-depth case studies of tax policy and of the pharmaceutical and agricultural sectors in Brazil. Observers have declared the need for reforms that improve the business environment in developing countries for a long time. However, the findings presented in this book suggests they might have underestimated the challenge ahead. Scholars and policy-makers in international development, business politics and political economy will be interested in the innovative perspective of this book"-- Industrial policy / Brazil Transaction costs Business and politics / Brazil Economic development / Moral and ethical aspects / Brazil https://www.taylorfrancis.com/books/9781003020332 Verlag URL des Erstveroeffentlichers Volltext |
| spellingShingle | Limoeiro, Danilo Rocha 1982- Economic growth, inequality and crony capitalism the case of Brazil Industrial policy / Brazil Transaction costs Business and politics / Brazil Economic development / Moral and ethical aspects / Brazil |
| title | Economic growth, inequality and crony capitalism the case of Brazil |
| title_auth | Economic growth, inequality and crony capitalism the case of Brazil |
| title_exact_search | Economic growth, inequality and crony capitalism the case of Brazil |
| title_exact_search_txtP | Economic growth, inequality and crony capitalism the case of Brazil |
| title_full | Economic growth, inequality and crony capitalism the case of Brazil Danilo Rocha Limoeiro |
| title_fullStr | Economic growth, inequality and crony capitalism the case of Brazil Danilo Rocha Limoeiro |
| title_full_unstemmed | Economic growth, inequality and crony capitalism the case of Brazil Danilo Rocha Limoeiro |
| title_short | Economic growth, inequality and crony capitalism |
| title_sort | economic growth inequality and crony capitalism the case of brazil |
| title_sub | the case of Brazil |
| topic | Industrial policy / Brazil Transaction costs Business and politics / Brazil Economic development / Moral and ethical aspects / Brazil |
| topic_facet | Industrial policy / Brazil Transaction costs Business and politics / Brazil Economic development / Moral and ethical aspects / Brazil |
| url | https://www.taylorfrancis.com/books/9781003020332 |
| work_keys_str_mv | AT limoeirodanilorocha economicgrowthinequalityandcronycapitalismthecaseofbrazil |