Global Capital and National Politics: Reforming Mexico's Financial System

Kessler shows how political considerations distorted the liberalization process in Mexico, leading to inconsistent and unsustainable patterns of financial policy. Although market reform is promoted in developing countries to improve economic efficiency and stimulate growth, in Mexico financial liberalization provided rent-seeking opportunities for privileged groups and increased the states' ability to finance politically inspired obligations.The research examines four periods: the populist administrations of EcheverrÍa and Lopez Portillo, during which the foundations of modern financial markets were paradoxically laid; the debt-crisis years of de la Madrid, who reversed his party's political strategy by favoring the business class with financial opportunities; the economic transformation undertaken by Carlos Salinas, who mixed genuine reform with destabilizing anti-market measures; and the political watershed of the Zedillo administration, whose unpopular bank rescue gave opposition parties unprecedented power within Mexico's policy making process. Kessler also provides a comparison of financial collapse in two other emerging markets, South Korea and Russia, and examines the political roots of crisis in both countries. He concludes by suggesting how greater attention to questions of power, social organization, and challenges to state authority can help the policy-making community avoid giving well-meaning advice that is unlikely to be implemented in a sustainable way.

Business & Money

Kessler, Timothy

Economics

Praeger

"Oh, Great Spirit, the Dakotas would like a land of great stone mountains whose jagged peaks are topped with the snow of many winters, mountains where flashing trout spawn in fast rushing streams . . ." Wakantanka opened his bag and peered inside. He set the bag down slowly, shaking his head. "I'm sorry, Old Friend," he said quietly. "I have no mountains left to give. Ask for something else." Before he creates the Dakotas, the Great Spirit, Wakantanka, asks Woksape, the Dakota medicine man, about his dreams for the land. Woksape soon learns that many of the things he imagined -- verdant forests, vast lakes, towering mountains, and desert canyons -- have already been given away. When Woksape allows the Great Spirit to fashion the Dakotas in his own way, however, he finds that the Dakota lands far exceed his expectations. Tim Kessler's creation story, framed as a Native American legend, reminds readers to find beauty and joy in what surrounds them. Paul Morin's stunning illustrations, inspired by the landscape and spirit of the Dakotas, celebrate the unique qualities and character of the Dakota lands and people.

When God Made the Dakotas

Children's Books

Biographies

Wm. B. Eerdmans Publishing Co.

Access to water, sanitation and electricity is as critical to social development as education and health services. Many developing countries continue to suffer from lack of access, affordability and sustainability of utilities services, which remain essential social policy objectives of utility sector reforms. This book focuses on three inter-related mechanisms – policy and institutional design options, innovations in regulation and contracts, and the role of stakeholders in utility governance – to improve access, affordability and sustainability of water and electricity services. The main objective is to provide advice enabling policy makers to integrate social policy goals as explicit elements of utility reforms.  This title is part of the 'New Frontiers of Social Policy' series. In most developing countries, the mixed record of state effectiveness, market imperfections, and persistent structural inequities has undermined the effectiveness of social policy. The 'New Frontiers of Social Policy' Series, edited by Anis A. Dani,examines issues and approaches to extend the boundaries of social policy beyond conventional social services toward more developmental policies and institutions for improving equalityof opportunity and social justice in developing country contexts.

Making Connections: Putting Social Policy at the Heart of Infrastructure Development (New Frontiers of Social Policy Series)

Dani, Anis A.

Sclar, Elliot

World Bank

One act of violence began a chain of events that led a small town down a road to Hell…
Ashley Jean Devareaux didn't deserve to die like she did, with her head crushed on a lonely Arkansas highway. But was it a simple accident or cold-blooded, premeditated murder? It sets off a chain of events that roils the community of Goatneck and the surrounding Finley County. Ashley's story becomes intertwined with that of the Blue Light Rapist, corruption in the court system, the murder of a little girl and grand jury indictments. Will justice be done, or will it all become a long road to nowhere.
This novella is based on true events.

A Long Road to Nowhere

Mystery, Thriller & Suspense

Thrillers & Suspense

BHC Press/Open Window

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