Latin America & Caribbean

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Analysis and Commentary

Mexican Gridlock

by Stephen Habervia Hoover Daily Report
Monday, August 26, 2002

Thus even with congressional elections next year, it is unlikely that Fox will be able to form effective coalitions.

Analysis and Commentary

Capital Swap à la Russe for Argentina

by Alvin Rabushka, Michael S. Bernstamvia
Thursday, June 6, 2002

Capital swaps are a general proposal that can be applied to reform bankrupt financial institutions in most countries. Our proposal for Russia was, really, a general concept that we developed for Russia's particular circumstances. We are gratified to find that this general concept has found applicability in such other countries as Argentina.

Analysis and Commentary

Supporting the Drug War Supports Terrorists

by David R. Hendersonvia Hoover Daily Report
Monday, May 20, 2002

Moreover, the United States government is effectively supporting left-wing terrorists in Colombia.

Crony Capitalism and Economic Growth in Latin America: Theory and Evidence

Crony Capitalism and Economic Growth in Latin America: Theory and Evidence

by Stephen Habervia Hoover Institution Press
Friday, March 15, 2002

Crony capitalism systems—in which those close to political policymakers receive favors allowing them to earn returns far above market value—are a fundamental feature of the economies of Latin America.

Semper Fidel

by William Ratliffvia Hoover Digest
Tuesday, October 30, 2001

At 75, Fidel Castro has survived 10 American presidents, a 40-year American economic embargo, the collapse of communism, the loss of his principal benefactor, and the utter ruination of his country. Hoover fellow William Ratliff on a man too mean to die.

A Nation under Siege

by William Ratliff, Edgardo Buscagliavia Hoover Digest
Tuesday, October 30, 2001

Colombia is under siege, with left-wing rebels and right-wing paramilitaries in control of more than half its territory and a government incapable of restoring order. U.S. policy is only making things worse. By Hoover fellows Edgardo Buscaglia and William Ratliff.

Can El Presidente Pull It Off?

by Stephen Habervia Hoover Digest
Monday, July 30, 2001

When Vicente Fox was elected president of Mexico a year ago, expectations ran high. Those expectations have turned out to be far more difficult to meet than either Fox or Mexican voters imagined. By Hoover fellow Stephen Haber.

War and Lack of Governance in Colombia: Narcos, Guerrillas, and U.S. Policy

by Edgardo Buscaglia, William Ratliffvia Analysis
Sunday, July 1, 2001

This essay is based on academic and field research conducted by both authors between 1994 and 2001 in Colombia and the United States. For more references, see Buscaglia, “Law and Economics of Development” in The Encyclopedia of Law and Economics (Cheltenham: Eduard Elgar, 2000).

Colombia today is crippled by its most serious political, economic, social, and moral crisis in a century, a condition that seriously threatens both Latin America and the national interests of the United States in the region.

Stalemate in the Drug War

by William Ratliffvia Hoover Digest
Monday, April 30, 2001

Under Plan Colombia, the United States will provide the government of Colombia with nearly $1 billion to use in fighting the drug trade. Yet if the war on drugs has already proven a dismal failure here at home, why should we expect it to succeed anywhere else? Hoover fellow William Ratliff reports from Bogotá.

Before the Fall

by Alberto Diaz-Cayeros, Beatriz Magaloni, Barry R. Weingastvia Hoover Digest
Tuesday, January 30, 2001

Despite being corrupt and unpopular, Mexico’s Institutional Revolutionary Party (PRI) managed to hold onto power for seven decades before opposition candidate Vicente Fox won the presidency last July. How did the PRI manage this feat? Alberto Diaz-Cayeros, Beatriz Magaloni, and Barry R. Weingast explain.