This open access book discusses financial crisis management and policy in Europe and Latin America, with a special focus on equity and democracy. Based on a three-year research project by the Jean Monnet Network, this volume takes an interdisciplinary, comparative approach, analyzing both the role and impact of the EU and regional organizations in Latin America on crisis management as well as the consequences of crisis on the process of European integration and on Latin America’s regionalism.
The book begins with a theoretical introduction, exploring the effects of the paradigm change on economic policies in Europe and in Latin America and analyzing key systemic aspects of the unsustainability of the present economic system explaining the global crises and their interconnections. The following chapters are divided into sections. The second section explores aspects of regional governance and how the economic and financial crises were managed on a macro level in Europe and Latin America. The third and fourth sections use case studies to drill down to the impact of the crises at the national and regional levels, including the emergence of political polarization and rise in populism in both areas. The last section presents proposals for reform, including the transition from finance capitalism to a sustainable real capitalism in both regions and at the inter-regional level of EU-LAC relations.
Written by an international network of academics, practitioners and policy advisors, this volume will be of interest to researchers and students interested in macroeconomics, comparative regionalism, democracy, and financial crisis management as well as politicians, policy advisors, and members of national and regional organizations in the EU and Latin America.
Enlace para descargar los libros (pdf y epub): https://link.springer.com/book/10.1007/978-3-030-54895-7
Contenido / Conteúdo / Content:
Introduction – Stephany Griffith-Jones and Bettina De Souza Guilherme (P.1)
Part 1 – Global Economic Crisis
- The Road from Prosperity into the Crisis: The Long
Cycle of Post-War Economic, Social and Political Development – Stephan Schulmeister (P.11) - The Systemic Nature of the Global Crisis and Some Principles for Tackling It – Christian Ghymers (p.55)
Part 2 – Regional Governance and Crisis Management in Europe and
Latin America
- The Double Democratic Deficit – Bettina De Souza Guilherme (p.75)
- European Union’s Democratic Legitimacy after the MoUs: The Political Legacy of an Economic Crisis – Dimitris Katsikas (p.111)
- Finance Capitalism and Democracy: The Case of the Financial Transactions Tax – Stephan Schulmeister (p.125)
- Regional Governance and Macroeconomic Crisis Management in Latin America – Maria Antonieta Del Tedesco Lins and Andrea Ribeiro Hoffmann (p.135)
Part 3 – Impact of the Crisis in Europe and Latin America: National Level
- Managing the Crisis in Greece: The Missing Link between
External Conditionality and Domestic Political Economy – Dimitris Katsikas and Pery Bazoti (p.145) - The Crisis: Its Management and Impact on Equity and Democracy in Portugal and Possible Consequences for the EU – Kai Enno Lehmann (p.161)
- The 2011 Crisis in Italy: A Story of Deep-Rooted (and Still Unresolved) Economic and Political Weaknesses – Simone Romano (p.173)
- Latin American Economic Crises and Populist Bids: Argentina, Brazil and Mexico – Maria Antonieta Del Tedesco Lins (p.185)
- The Fall of a Giant: Greed, Corruption and Abuse of Power Undermining Democracy in Brazil – Andrea Ribeiro Hoffmann and Bettina De Souza Guilherme (p.201)
- Venezuela in Crisis: Governability, Equity and Democracy – José Briceño-Ruiz and Kai Lehmann (p.213)
Part 4 – Impact of the Crisis in Europe and Latin America: Regional Level
- The Rise of Right-Wing Populism in Europe: A Psychoanalytical
Contribution – Paula Sandrin (p.227) - European Economic Governance and Rising Sovereignism – Eleonora Poli (p.241)
- Eurozone Crisis Management and the Growth of Opposition to European Integration – Susannah Verney and Dimitris Katsikas (p.251)
- A “Pink Tide” Then a “Turn to the Right”: Populisms and Extremism in Latin America in the Twenty-First Century – Carolina Salgado and Paula Sandrin (p.265)
- The Crisis of Latin American Regionalism and Way Ahead – José Briceño-Ruiz and Andrea Ribeiro Hoffmann (p.281)
Part 5 – Conclusions
- Comparing the Crises in Europe and Latin America: Causes, Management, Impact and Consequences – Andrea Ribeiro Hoffmann and Bettina De Souza Guilherme (p.297)
Part 6 – Reform Proposals
- Financial Instability, Climate Change and the “Digital Colonization” of Europe: Some Unconventional Proposals – Stephan Schulmeister (p.309)
- Promoting Investment in the European Union, Evaluating the Juncker Plan – Stephany Griffith-Jones (p.323)
- Proposal for a Pact for National Responsibility Through EU Solidarity Within the Present EU Architecture – Christian Ghymers (p.337)
- Proposals for Reforms and Democratization of the EMU – Bettina De Souza Guilherme (p.345)
- Operational Proposal for an EU-CELAC Strategic Alliance – Christian Ghymers (p.361)
Epilogue (p.379)