In the two largest countries in South America, successive waves of structural reforms adopted in the name of development invariably have ended in disappointment. The promise of development never seems to materialize. Dependency and Crisis in Brazil and Argentinaexamines why. Instead of looking for policy failures, F. Antunes de Oliveira’s focus is on the parameters of the public debate about “development” itself. An unfruitful dispute between neoliberalism and neodevelopmentalism has dominated Brazilian and Argentine political economy debates to the detriment of both countries. Antunes de Oliveira presents a comprehensive theoretical and empirical critique of the neoliberal and neodevelopmentalist structural reform cycles in Brazil and Argentina and applies insights from dependency theory to craft an alternative political economy framework for the analysis of development challenges.

Social movements are a key feature of the political and social landscape of Latin America. Ronaldo Munck explores their full range, emanating from different sections of Latin American society and motivated by many different concerns, including worker organizations, peasant and land reform movements, Indigenous groups, women's movements, and environmental groups. Although the mosaic of interlocking and connected issues and rights presents a complex map of social concerns and potentially a fragmented political force, these movements are likely to be at the centre of any future progressive politics in Latin America. As a result, they require careful understanding and a more nuanced theoretical approach. Drawing on insights from Latin American approaches to social movement theory, the book offers a distinctive contribution to social movement literature. The text incorporates detailed case studies and a methodological appendix for students wishing to develop their own research agendas in the field.

The Marxist Theory of Dependency (TMD) managed to articulate the insertion of peripheral societies into the international market with the capital accumulation processes of each country. It has become an essential theory for the understanding of our societies. Since Ruy Mauro Marini laid out its foundations, many transformations have occurred in global capitalism and in our societies, leaving us the challenge of updating it against a more complex context. The real test of theory is its adequacy as an instrument of understanding contemporary reality. The TMD has been enriched and renewed from this work of Carlos Eduardo Martins. It considers capitalism from the perspective of anti-capitalism, dependence from the standpoint of emancipation and reality through a vision for its revolutionary transformation. Emir Sader - CLACSO General Secretary (2006-2012) This book is a revised edition of a work first published in 2011 as Globalização, dependência e neoliberalismo na América Latina by Boitempo Editorial, São Paulo, Brazil. La teoría marxista de la dependencia (TMD) logró articular la inserción de las sociedades periféricas en el mercado internacional con los procesos de acumulación de capital de cada país. Se ha convertido en una teoría esencial para la comprensión de nuestras sociedades. Desde que Ruy Mauro Marini expuso sus fundamentos, muchas transformaciones ocurrieron en el capitalismo global y en nuestras sociedades, poniendo el desafío de actualización en condiciones más complejas La prueba real de la teoría es su adecuación como instrumento de comprensión de la realidad contemporánea. La TMD sale enriquecida y renovada de esta obra de Carlos Eduardo Martins dedicada a pensar el capitalismo bajo la perspectiva del anticapitalismo, la dependencia en la óptica de la emancipación y la realidad en la perspectiva de su transformación revolucionaria. Emir Sader - Secretario General CLACSO (2006-2012)

At the end of World War II, several Latin American countries seemed to be ready for industrialization and self-sustaining economic growth. Instead, they found that they had exchanged old forms of political and economic dependence for a new kind of dependency on the international capitalism of multinational corporations. In the much-acclaimed original Spanish edition (Dependencia y Desarrollo en América Latina) and now in the expanded and revised English version, Cardoso and Faletto offer a sophisticated analysis of the economic development of Latin America. The economic dependency of Latin America stems not merely from the domination of the world market over internal national and “enclave” economies, but also from the much more complex interact ion of economic drives, political structures, social movements, and historically conditioned alliances. While heeding the unique histories of individual nations, the authors discern four general stages in Latin America's economic development: the early outward expansion of newly independent nations, the political emergence of the middle sector, the formation of internal markets in response to population growth, and the new dependence on international markets. In a postscript for this edition, Cardoso and Faletto examine the political, social and economic changes of the past ten years in light of their original hypotheses.

This collection studies the gestation of the crisis of the left-turn consensus dominant in Argentina and Brazil for the past 15 years and the emerging socio-political dynamics developing in this particular context of change.

Does the growing economic might of regional superpowers like Brazil mean that dependency theory of the 1960s was all wrong? The answer to this and many other enigmas of development is found in Sub-Imperialism Revisited, a theoretically rigorous study by the brilliant Mexican analyst Adrián Sotelo Valencia. In analysing the 21st Century conditions of Latin America, Sotelo systematically explores the concept of "sub-imperialism" as advanced in the pioneering work of Ruy Mauro Marini. Himself a former student of Marini, Sotelo elucidates the explanatory power of a fully Marxist conception of imperialism and underdevelopment while providing considerable insight into opposing conceptions of dependency. This timely book ultimately enables readers to appreciate why radical dependency theory remains more relevant today than ever.

This paper describes major economic developments in Brazil in 1997. A number of issues were analyzed in the paper, including the slow progress being made in the negotiation of the fiscal adjustment programs with the states, the sustainability of the growing current account deficit, as well as the strength of the banking system following macroeconomic stabilization. The paper discusses the post-Real crisis in the states and the state adjustment programs being negotiated with the federal government. Privatization and the associated foreign direct investment flows are also described.