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This paper shows how the homo oeconomicus has evolved from utility at work to consumption and then to the mystification of profit in a context of financialization and long-term crisis. Thus, a semantic slippage occurs, which distorts the achievements of capitalism, such as individualism and self-interest, for a libertarian belief -alien to liberalism, to Bentham's utilitarianism and marginalism- in which it is not possible to define social utility, nor the connection between the "rationality" of individual decisions and social choices. Usefulness is confused with profit in the primacy of today's business mentality and is often reflected in individual behavior. [ABSTRACT FROM AUTHOR]

With the implementation of the North American Free Trade Agreement (NAFTA), Mexico experienced a rapid expansion in highly industrialized food and beverage products. This has transformed supply and distribution structures and led to changes in dietary patterns. The objective of this paper is to explain how these transformations led to the configuration of a hybrid distribution and consumption scheme that affected the expenditure, frequency and quantities of ultra-processed and fast foods consumed in Mexican households during the period 2000-2020. This hybrid model is associated with an increase in diseases such as obesity and chronic degenerative diseases. [ABSTRACT FROM AUTHOR]

In Argentina, there is a clear consensus between neoliberals and neodevelopmentalists regarding the increase of exports as the first step towards development, consolidating the political and economic power held by the exporting business elite and, at the same time, creating an unsustainable development path in socio-environmental terms. A labyrinth with no way out. This paper has set out to retrace this labyrinth, building bridges between different currents of economic heterodoxy that enable the construction of an exit. The powerful consolidation of neodevelopmentalism at the academic and political level in Argentina shows the relevance of this discussion, which transcends national boundaries to become a global development problem due to the elements at stake. [ABSTRACT FROM AUTHOR]

This paper aims to analyze the behavior of Ecuadorian private banking during the period 2000-2021, using aggregate information on trends in the banking sector and accounting data for the main banks. Based on a heterodox theoreticalhistorical approach, we highlight the link between the neoliberal structural reforms, the banking crisis, dollarization and the transformations of the banking sector. The results highlight the fact that the operation of the Ecuadorian banking system under formal dollarization not only recreates well-known elements of former financial fragility but also introduces new variables typical of the 21st-century banking universe that are a source of instability and hinder the financing objectives for the socio-economic development of the country. [ABSTRACT FROM AUTHOR]

The Covid-19 pandemic caused an unusual population mortality rate. This paper aims to determine a causal relationship and its incidence between the Technical Efficiency (TE) of health systems and the Covid-19 mortality rate. Using the Data Envelopment Analysis (DEA) methodology and the OLS, GLS and 2SLS adjustment methods, in 108 countries grouped according to per capita health expenditure, it was found that a 1% increase in the TE of the health systems of the analyzed countries reduces the number of deaths from Covid-19 by between 61 and 127 per hundred thousand inhabitants, concluding that the efficiency of expenditure was transcendental in the prevention of mortality caused by the pandemic. [ABSTRACT FROM AUTHOR]

This paper aims to examine the determinants of the exchange rate based on the portfolio balance model. Using the Autoregressive Distributed Lag Model (ARDL), we empirically evaluate the effect of private net foreign assets and the traditional factors affecting the exchange rate dynamics in Mexico from 1990-2019. The main results suggest that: i) the portfolio approach constitutes a consistent system to explain the behavior of the exchange rate; ii) an increase in economic activity and interest rate differentials triggers an appreciation of the exchange rate; iii) an increase in the inflation gap and private net foreign assets causes a depreciation. [ABSTRACT FROM AUTHOR]

This paper used a new source of information (ESRU-EMOVI NL) to estimate, for the first time, the lower limit of unequal opportunities in a federal state in Mexico. Using the former criterion concerning unequal opportunities, a lower threshold indicated 35% inequality in economic resources in the state. As at the national level, the main contributors to unequal opportunities in the state are unequal economic resources by origin and parental education. However, in contrast to what has been observed, for the country as a whole, inequalities associated with people's skin tone account for 5% of observed unequal opportunities. [ABSTRACT FROM AUTHOR]

This paper analyzes the impact of the automotive sector on the regional development of the Mexican lowlands region of Bajío. The staggered adoption of synthetic control methodology was used, considering the establishment of new automotive assembly plants in the states of the Bajío region between 2007 and 2014. It is estimated that for each new job created in automotive companies, an average of five additional jobs were created in the Bajío states, 78% outside the manufacturing sector. In addition, by promoting more significant economic opportunities, working poverty was reduced by an average of 10.5 percentage points. Finally, evidence was found that, in 2018, high school enrollment increased by 3%. [ABSTRACT FROM AUTHOR]

This paper studies the effect of transfers from the General Participations System (SGP) on Colombian municipal development indicators during 2003-2017. A Municipal Development Index is proposed, considering indicators of educational achievement, health coverage, and crime rates. This index is studied in the municipal context using spatial autocorrelation techniques. A panel-type econometric model was estimated to evaluate the effect of transfers on the index. The results suggest that increases in education, health, culture, and recreation transfers generate positive, differential effects on the index. Transfers to the health sector have the most significant impact on the index. [ABSTRACT FROM AUTHOR]

The pandemic increased poverty worldwide. However, the mechanisms affecting its determining factors still need to be clarified. This paper studies this problem using a probabilistic model of poverty extended with pandemic incidence variables and applying logistic regression at the household level. For the case of Ecuador, we use the December rounds of the 2019 and 2020 National Survey for Employment, Underemployment and Unemployment (ENEMDU), the administrative record of the Covid-19 epidemiological report, and the administrative history of deaths. The results show that the pandemic’s impact on poverty was through the gender gap and labor market structure. [ABSTRACT FROM AUTHOR]

As defined in economic theory, artificial intelligence (AI) can be considered an industry. In this context, two simultaneous processes are observed: concurrence and cooperation. The current dispute between China and the United States for world leadership in AI should be placed against this background. Thus, the description in this paper of concrete policies and measures that the Chinese regime pursued to promote its AI industry and identify its strategy to increase its influence on the standardization processes in the emerging industry is extremely important. [ABSTRACT FROM AUTHOR]

This paper analyzes local production systems by identifying their business structure, and the role played by the main sectors of economic activity in the territory of Cotopaxi-Ecuador as the basis for study. It highlights the Andean-Latin American approach to integral, territorial, and sustainable development, based on the triangulation of regional analysis techniques (specialization and location coefficients, cluster analysis, and Rasmussen’s method) to characterize the dynamics of the local production system and lines of improvement to strengthen the system. The results show the presence of two provincial clusters, a high degree of regional specialization in traditional activities that have little impact on the productivity of the province, and the presence of two key economic sectors. [ABSTRACT FROM AUTHOR]

This paper aims to analyze the evolution of the trilateral trade relationship between Mexico, the United States and China, and its main characteristics, from 1993 to 2020, through the application of vector autoregressive (VAR) models at different points in time. More specifically, trade links between these economies have been transformed from a first phase of little significance to a second phase with profound interrelationships since 2001, and finally to a current consolidation stage, despite the current increasingly complex environment. [ABSTRACT FROM AUTHOR]

This article analyzes the behavior of the Economic Fitness indicator as a measure of the international competitiveness of Latin American economies, as well as an indicator of their relationship with per capita income gaps and the Human Development Index (HDI). Positive correlations were found between per capita income gaps and the stagnation of the international competitiveness of Latin American economies, as well as between human development levels and the productive structure, suggesting a causal relationship between human development and competitiveness. This paper also finds that the Economic Fitness indicator fluctuates significantly when estimated using exports in domestic value-added, suggesting that the original estimate may over- or underestimate competitiveness. [ABSTRACT FROM AUTHOR]

This article examines how effective education institutions improve educational achievement, regardless of students' socioeconomic backgrounds. The paper utilizes a multilevel model using data from the Third Regional Comparative and Explanatory Study (TERCE) for Ecuadorian students in reading and mathematics. Findings show that between 31 and 52% of the variation in test results is due to differences between schools, thus underlining the importance of the compensatory effect of schools in promoting equality of opportunity. [ABSTRACT FROM AUTHOR]