{"product_id":"9783032059376","title":"How States Shape Markets in Latin America","description":"\u003ch1\u003eHow States Shape Markets in Latin America\u003c\/h1\u003e \u003ch2\u003eBril Mascarenhas, Tomás\u003c\/h2\u003e \u003cp\u003e\u003c\/p\u003e\u003cdiv dir=\"auto\" data-olk-copy-source=\"MessageBody\"\u003eWhy have Latin American countries developed sharply divergent financial systems—and how do these systems shape national growth strategies? While Chile built large capital markets and Brazil expanded long-term credit for firms, Argentina lags behind in both. What explains this variation?\u003c\/div\u003e\n\u003cdiv dir=\"auto\"\u003e \u003c\/div\u003e\n\u003cdiv dir=\"auto\"\u003eThis book uncovers the political origins of national financial systems by examining how coalitions of executive-branch officials reconfigure markets through two levers: the governance of the pension system and the deployment of state-owned banks as long-term lenders. In Chile, neoliberal técnicos dismantled the state's capacity as a lender and set up regulation inducing private pension funds to invest in domestic equity and bonds. In Brazil, a developmental coalition expanded BNDES and activated state-owned-enterprise pension funds as institutional investors.\u003c\/div\u003e\n\u003cdiv dir=\"auto\"\u003e \u003c\/div\u003e\n\u003cdiv dir=\"auto\"\u003eBy tracing how political struggles inside the state shape markets, the book offers an innovative view of statecraft and marketcraft in Latin America. It speaks to scholars of political economy—and to policy entrepreneurs working on development across the Global South.\u003c\/div\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Palgrave Macmillan\u003c\/p\u003e \u003cp\u003ePublication Date: 2025-11-18\u003c\/p\u003e \u003cp\u003eFormat: Hardcover\u003c\/p\u003e \u003cp\u003eISBN-13: 9783032059376\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-3-032-05938-3\u003c\/p\u003e \u003cp\u003eDimensions: 210.0cm x148.0cm\u003c\/p\u003e \u003cp\u003ePages: 20.0\u003c\/p\u003e ","brand":"Springer Nature Switzerland","offers":[{"title":"Default Title","offer_id":44395498078348,"sku":"9783032059376","price":152.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9783032059376_e8eb6948-eecc-4cc4-91b7-12aa5e5c87f0.jpg?v=1765513685","url":"https:\/\/fh90cf-fv.myshopify.com\/products\/9783032059376","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}