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This article reviews the leading exponents of Latin American thought on underdevelopment, emphasizing their importance amid the dominant theories being systematically proposed worldwide. It also highlights their transcendence in generating a vernacular line of thought on the region's development in relation to the patterns of capitalist power established as the structural basis on which the unequal course of Latin America has been perpetuated. Thus, the objective is to retake their theoretical approaches, proposing that we can find cues in their analytical suggestions that contribute to the forced exercise of thinking from a Latin American point of view and move towards other alternatives for the future. [ABSTRACT FROM AUTHOR]

Autocratic governments hold a preference for opacity. Autocracies are less transparent than democracies and a closed informational environment preserves autocratic regimes from mass unrest. Yet, autocracies vary widely in the extent to which they disclose economic information. In this article, we offer an explanation for why some autocrats choose to disclose. We contend that, paradoxically, some autocratic leaders may benefit from increasing the capacity of the populace to mobilize. In so doing, autocratic leaders threaten rival members of the elite, reducing the risk of elite challenges and increasing their freedom of maneuver. We contend that transparency acts as one mechanism toward these ends. We formalize these intuitions and demonstrate empirically that leaders in transparent autocracies enjoy a reduced hazard of removal via coup relative to their opaque counterparts. Personalistic dictators and entrenched autocrats—who suffer the smallest risk of sanctioning by their elites—are particularly unlikely to disclose information. [ABSTRACT FROM AUTHOR]

In this article, we show the historical development of different conceptions of political economy, criticizing the hegemonic pretention of neoclassical economics, and highlighting what we call the "new political economy": the study of the social, political and moral constitution of the economy in history. We describe this interpretation's current disciplinary insertion in political science, and offer two analytical keys to orient future investigations. Finally, we survey recent works in Latin America that echo this interpretation, especially the revisions of the 'political economy of policy reform' literature and the widening of studies on varieties of capitalism. [ABSTRACT FROM AUTHOR]

This article analyzes an understudied and contested form of government taking, transfer restriction, which has supplanted expropriation as the most ubiquitous and costly type of international property rights violation. Veto-player-type constraints curtail governments’ ability to engage in outright and (nontransfer related) creeping expropriation but have little impact on their ability to generate wealth via transfer restrictions. We use a formal model to derive testable implications regarding the effect of political institutions and domestic politics on governments’ ability to collect these two types of rent. Empirically, we use novel time-series cross-sectional data to show that while veto-player-type political constraints diminish expropriation risk, transfer risk is much less affected: even constrained governments impose transfer restrictions. [ABSTRACT FROM AUTHOR]

This article aims at contributing to study the stock market's reaction up to the point of generating significant abnormal returns or cumulative abnormal returns within the Brazilian impeachment period. By means of the efficient market hypothesis (EMH), in its semi-strong form, the purpose was verifying whether the presidential impeachment that took place in Brazil in 2016, in 3 different dates, brought the expected reaction from the stock market on the Brazilian Stocks, Commodities and Futures Exchange (BM&FBOVESPA). The theme is relevant, as it addresses aspects of politics and economic theory and their interactions in stock markets. It impacts in the area of capital markets, because this suggests that economic players can, through their expectations and information, see adverse reactions in the market. The methodology analytically employed encompasses a brief literature review as a theoretical basis about the institutions involved and it refers historically to impeachment events. Quantitatively, the methodology consists in the study of events, so that the expectations are observed by means of time-series regression models based on the autoregressive-moving-average (ARMA) models. The result found, under three major events that culminated in the 2016 Brazilian presidential impeachment, was that no significant statistics has been determined, at a 5% level, in all estimated windows and in all events. Statistically, it was not possible to reject the hypothesis that the abnormal returns and the cumulative abnormal returns equal zero. So, the markets have been considered to be well-informed regarding the events, in this specific situation, i.e. according to the EMH, in its semi-strong form, the markets have reacted as expected. [ABSTRACT FROM AUTHOR]

Borders constitute the international system of states. Accordingly, states will, from time to time, take assertive measures to secure the border, with among the most aggressive strategies being the construction of physical barriers, which we refer to as "border walls." Using original data on man-made border wall construction from 1800 to 2014, we theorize and find that in many cases, wall construction is about economic security. Significant economic disparities between the states will create incentives to illegally transport people or move goods readily available in the poorer country but highly regulated in the richer country. We find that economic disparities have a substantial and significant impact on the presence of a physical wall that is independent of formal border disputes and concerns over instability from civil wars in neighbors. In other words, "prominent examples such as the Maginot Line", constructed largely out of fear of attack, is an exception, not the exemplar, of the reasons states construct border walls. [ABSTRACT FROM AUTHOR]

Women's suffrage led to one of the greatest enfranchisements in history. Voting rights, however, were not won by force or threats thereof, a fact leading political economy theories find hard to explain. Studying the timing of suffrage extensions in US states between 1869 and 1919, we find that a scarcity of women strongly promoted early transitions to women's suffrage. Such scarcity significantly reduced the political costs and risks for male grantors of the suffrage. It might also have made women's suffrage attractive as a means to attract more women. [ABSTRACT FROM AUTHOR]