Complementarities between political and economic institutions have kept Brazil in a low-level economic equilibrium since 1985.

This book examines how the on-paper hydropower boom impacts the safe and fair access to water and energy in emerging economies. The global hydropower boom is largely made up of small hydropower plants located in emerging economies, but a lack of funding, over-ambitious planning, and corruption have halted the production of these projects. Describing this state as the ‘on-paper’ hydropower boom, this book shifts attention to the hydrosocial problems arising from hydropower projects that remain on paper. It examines how these proposed but unbuilt projects can lead to disruptions in the control and governance of water resources and increase the international dependence of emerging countries due to deep problems in their sustainable development planning and how all this can affect both ecosystems and the communities that depend on them. In doing so, it critically examines the dominant discourses on energy security and sustainable development, emphasises the extent to which the effects of global imperialism are at play, and examines the effects of international power relations in the hydrosocial context and their implications for perpetuating international relations of dependency. Further, this book provides a unique perspective on the global hydropower boom by highlighting that although the global hydropower boom largely remains on paper, it can still have a significant impact on human–water systems. Contributing to the debate on hydrosocial relationships, each chapter offers an insightful examination of the social, cultural, and political interactions that humans have with water and uses these insights to provide a nuanced understanding of the challenges and issues associated with on-paper plans. This book will be of great interest to students and scholars of water politics, water governance, political ecology, corruption and environmental economics, as well as sustainable development policymakers.

This book explains the rise of China, India, and Brazil in the international trading system, and the implications for trade law.

This is a conversational book with chapters directly followed by responses from experts. The main authors propose that the failure in development is not due to capitalism but rather rentism, which is earnings based on political rather market returns. Rent prevents development and ingrains social and economic inequalities. Using the case study of Brazil’s economic development, it is shown how development fails because policies Brazil and other low to middle-income countries promote do not overcome the main obstacle to development - rent. The overcoming of rent would occur within a model of globalisation whereby the advanced economics still prosper concurrently as the poorest countries grow, all underpinned by international organisations defending a rule-based globalisation. Not Paying the Rent: Imagining a Fairer Capitalism presents a new application of the theory of rent, both historically in the case of Brazil, and in practical terms in tackling it through modern international organisations. It will be relevant to students, researchers, and general readers interested in inequality and development economics.

Today’s middle-income countries tend to be locked in a middle-income trap, unable to transition to higher income levels due to rising costs and declining competitiveness. While there is a broad consensus that upgrading these economies towards innovation-led growth is imperative, countless institutional and political economy obstacles remain. This book brings together analytical perspectives from comparative political economy, innovation studies, and development economics for the study of technological upgrading. Its distinctive contribution is the development of an innovative theoretical framework, named upgrading regimes, combining and extending the comparative capitalism and innovation system perspectives. It explores the usefulness of this approach by providing an indepth assessment of the political economy of upgrading in Brazil under the Workers’ Party governments. As the politics of technological upgrading will be one of the crucial research areas in the years to come, this book promises to become a key reference point in this debate.

An engaging introduction to Latin America with a fresh, thematic approach to key political and social issues. This accessible undergraduate textbook examines the entirety of the region, addressing complex issues in a clear and direct manner. Grounded in cutting-edge research and data, concepts are illustrated through tables, maps, and timelines.

As the world moves towards decarbonization and the race for clean energy technologies accelerates, states in the global south are increasingly called upon to supply critical minerals to fuel the transition. Business of the State details how mineral states might design effective growth strategies in this context of strategic competition and climate emergency, via the rise of a hybrid developmental strategy during 1990s and 2010s- the embrace of market-conforming policies to attract FDI and the re-assertion of state-owned enterprises (SOEs) as players in industrial development. Drawing from the experiences of Brazil's Petrobras and Chile's Codelco, the book argues that SOEs might open new pathways for technological innovation and even support industrial policy, if subjected to effective governance reforms and aligned with the private sector. In this way, the book shifts the analytical lens away from extractivism as a growth model and towards hybrid development strategies formulated through SOEs. Business of the State asks fundamental questions about states and markets: why do states seek to intervene in the affairs of public enterprises? And what role might they play in structural transformation? The book provides answers using a historical institutionalist framework, process tracing the complex process of market reforms in highly strategic natural resource industries.

Since the start of the Global Financial Crisis in 2008, research on central banking has gained momentum due to unusual levels of central bank activism and unconventional monetary policy measures in many countries. While these policies drew significant attention to advanced economy central banks, there has been much less academic focus on central banking in emerging economies. This book extends the research on the political economy of central banking by focusing on the emerging economies in Asia, Africa, Latin America, and the European periphery. Central banks are at the heart of economic policymaking, and their decisions have a significant impact on the social and economic well-being of citizens. Adopting an interdisciplinary political economy perspective, the contributions in this book explore the reciprocal relations between politics, economics, and central banks, and how the global and domestic political economy contexts influence central bank practices. The chapters employ diverse theoretical perspectives such as institutional and organizational theory, developmental state resource dependency, and gender studies, drawing on disciplines ranging from politics, international relations, public policy, management, finance, and sociology. This book will appeal to academics and students of central banking, political economy, and emerging economies, as well as professionals and policymakers engaged with central banks, monetary policy, and economic development.

This book explores the bilateral relationship between Brazil and China in modern history, environment, economics, and contemporary Brazilian politics. As China has become Brazil's largest trading partner, importing commodities and exporting manufactures, and a major investor in the country, Brazil's social structure has been upended, with traditional hierarchies jolted and new ones created- in the agribusiness, industry, in the diplomacy of climate change in the Amazon and not least, Brazil's traditional relationship with the United States. In this incisive text, one of Brazil's leading political scientists explores how China, the X factor of international relations, can transform a nation's politics; it will be of interest to economists, scholars of geopolitics, of China's Belt and Road Initiative and of Latin America politics.

Anthony Pereira introduces the country and idea of Brazil, from its depiction in the 2016 Olympic Games in Rio, to Brazil's colonial past, and the country's transformation from a poor agricultural outpost to an integral part of the 21st century global order. Throughout he considers the economic, political, and social challenges the country faces.