Hostname: page-component-78c5997874-ndw9j Total loading time: 0 Render date: 2024-11-06T10:14:32.447Z Has data issue: false hasContentIssue false
  • English
  • Français

Concentracion industrial, desarrollo del mercado de capitales y redes financieras basadas en el parentesco: un estudio comparado de Brasil, Mexico y los Estados Unidos, 1840–1930* (2.a parte)

Published online by Cambridge University Press:  28 April 2010

Stephen H. Haber
Stephen H. Haber
Affiliation:
Universidad de Stanford
Get access Rights & Permissions [Opens in a new window]

Abstract

This article examines the relationship between capital market development and industrial structure during the early stages of industrialization, contrasting the experiences of Brazil, Mexico, and the United States. It argues that the two constraints placed on the formation of credit intermediaries in Latin America, namely, poorly defined property rights and government regulatory policies, produced greater concentration in the Mexican and Brazilian cotton textile industries than that which developed in the United Stares.

Resumen

Este artículo aborda la relación entre el desarrollo del mercado de capital y la estructura industrial durante las primeras etapas de la industrialización a partir de las experiencias de Brasil, México y los Estados Unidos. En él se arguye que las dos restricciones básicas a la formación de intermediaries crediticios en América Latina, una mala definición de derechos de propiedad y la intervención estatal, produjeron una concentración más alta en el textil algodonero de México y Brasil que en el de Estados Unidos.

Type
Articulos
Information
Revista de Historia Economica - Journal of Iberian and Latin American Economic History , Volume 10 , Issue 2 , September 1992 , pp. 213 - 240
Copyright
Copyright © Instituto Figuerola de Historia y Ciencias Sociales, Universidad Carlos III de Madrid 1992

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

BIBLIOGRAFIA

Adelman, Morris A. (1966): «Monopoly and Concentration: Comparisons in Time and Space», en Bagiotti, Tullio (ed.): Essays in Honor of Marco Fanno vol. 2: Investigations in Economic Theory and Methodology, Padua, pp. 1–24.Google Scholar
Archivo General De La Nación: Ramo de Trabajo (Ciudad de México).Google Scholar
Atack, Jeremy (1986): «Firm Size and Industrial Structure in the United States During the Nineteenth Century», Journal of Economic History, 46 (Junio), pp. 463–475.CrossRefGoogle Scholar
Bátiz, V., Antonio, José (1986): «Trayectoria de la banca en México hasta 1910», en Ludlow, Leonor and Marichal, Carlos (eds.): Banca y poder en México, 1800–1925, México, pp. 267–298.Google Scholar
Beato, Guillermo (1978): «La casa Martínez del Río: del comercio colonial a la industrial fabril, 1829–1864», en Circo F.S.Google Scholar
Cardoso, (ed.): Formación y desarrollo de la burguesía en México, siglo XIX, México, pp. 57–107.Google Scholar
Borja Castro, Agostino Vioto de (1869): «Relatorio do segundo grupo», en Rego, Antonio José de Souza (ed.): Relatorio da segunda exposicao nacional de 1866, Río de Janeiro, pp. 3–73.Google Scholar
Camerón, Rondo (1967): Banking in the Early Stages of Industrialisation: A Study in Comparative Economic History, Nueva York.Google Scholar
Cano, Wilson (1985): Desequilibrios regionais e concentracao industrial no Brasil, 1930–1970, Sao Paulo.Google Scholar
Cárdenas, Enrique, y Manns, Carlos (1989): «Inflación y estabilización monetaria en México durante la Revolución», El Trimestre Económico, 56 (enero-marzo), pp. 57–80.Google Scholar
Centro Industrial de Fiacao e Tecelagem de Algodao (1928): Estatisticas da industria, commercio e lavoura de algodao relativos ao anno de 1927, Río de Janeiro.Google Scholar
Centro Industrial do Brasil (1909): O Brasil: suas riquezas naturaes, suas industrias vol. 3: industria de transportes, industria fabril, Río de Janeiro.Google Scholar
Centro Industrial do Brasil (1917): O Centro Industrial na conferencia algodoeira, Río de Janeiro.Google Scholar
Cerutti, Mario (1978): «Patricio Milmo, Empresario regiomontano del siglo XIX», en Cardoso, Ciro F.S. (ed.): Formación y desarrollo de la burguesía en México, siglo XIX, México, pp. 231–266.Google Scholar
Coatsworth, John H. (1978): «Obstacles to Economic Growth in Nineteenth Century Mexico», American Historical Review, 83 (febrero), pp. 80–101.CrossRefGoogle Scholar
Coatsworth, John H. (1981): Growth Against Development: The Economic Impact of Railroads in Porfirian Mexico, Dekalb.Google Scholar
Colón Reyes, Linda Ivette (1982): Los orígenes de la burguesía y el Banco de Avío, México.Google Scholar
Commissao de Inquerito Industrial (1882): Relatorío ao Ministerio da Fazenda, Río de Janeiro.Google Scholar
Davis, Lance E. (1957): «Sources of Industrial Finance: The American Textile Industry, A Case Study», Explorations in Entrepreneurial History, 9 (abril), pp. 189–203.Google Scholar
Davis, Lance E. (1958): «Stock Ownership in the Early New England Textile Industry», Business History Review, 32 (verano), pp. 204–222.CrossRefGoogle Scholar
Davis, Lance E. (1960): «The New England Textile Mills and the Capital Markets: A Study of Industrial Borrowing, 1840–1860», Journal of Economic History, 20 (marzo), pp. 1–30.CrossRefGoogle Scholar
Davis, Lance E. (1963): «Capital Immoralities and Finance Capitalism: A Study of Economic Evolution in the United States, 1820–1920», Explorations in Economic History, 1 (otoño), pp. 88–105.Google Scholar
Davis, Lance E. (1966): «The Capital Markets and Industrial Concentration: The U.S. and U.K., A Comparative Study», The Economic History Review, 19, pp. 255–272.CrossRefGoogle Scholar
Davis, Lance E.; Louis Stettler, H. III (1966): «The New England Textile Industry, 1825–1860: Trends and Fluctuations», en Conference on Research on Income and Wealth, Output, Employment, and Productivity in the United States after 1800, Nueva York.Google Scholar
Davis, Lance E.Davison's Textile Blue Book (1890–1930), Nueva York.Google Scholar
Davis, Lance E.Dockham's American Report and Directory of the Textile Manufacture and Dry Goods Trade (1880–1900), Boston.Google Scholar
Gamboa Ojeda, Leticia (1986): «La trayectoria de una familia empresarial de la industria textil de Puebla: Los Quijano-Rivero, 1864–1921», en Labastida, Julio (ed.): Grupos económicos y organizaciones empresariales en México, México, pp. 57–81.Google Scholar
Gerschenkron, Alexander (1962): Economic Backwardness in Historical Perspective: A Book of Essays, Cambridge.Google Scholar
Graham-Clark, William A. (1909): Cotton Goods in Latin America: Part One, Cuba, Mexico, and Central America, Washington, D.C.Google Scholar
Haber, Stephen H. (1985): «The Industrialization of Mexico, 1890 to 1940: Manufacturing in an Underdeveloped Economy», tesis de doctorado, Universidad de California, Los Angeles.Google Scholar
Haber, Stephen H. (1989a): Industry and Underdevelopment: The Industrialization of Mexico, 1890–1940, Stanford.Google Scholar
Haber, Stephen H. (1989b): «Manufacturing Profitability and the Great Depression in Brazil: Evidence from the Cotton Textile Industry» (trabajo presentado en la Conferencia del All-University of California Group in Economic History, Los Angeles, 12 de noviembre de 1989).Google Scholar
Haber, Stephen H. (1990): «La economía mexicana, 1830–1940: obstáculos a la industrialización (I)”, Revista de Historia Económica, 8 (invierno), pp. 81–93.CrossRefGoogle Scholar
Hernández Elizondo, Roberto C. (1978): «Comercio e Industria textil en Nuevo León, 1852–1890», en Cardoso, Ciro F.S. (ed.): Formación y desarrollo de la burguesía en México, siglo XIX, México, pp. 267–286.Google Scholar
Instituto Nacional de Estadística Geografía e Informática (1985): Estadísticas históricas de México, México.Google Scholar
Kemmerer, Edwin (1940): Inflation and Revolution: Mexico's Experience of 1912–1917, Princeton.Google Scholar
Kennedy, Stephen J. (1936): Profits and Losses in Textiles: Cotton Textile Financing Since the War, Nueva York.Google Scholar
Keremetsis, Dawn (1973): La industria textil mexicana en el siglo XIX, México.Google Scholar
Lamoreaux, Naomi (1986): «Banks, Kinship, and Economic Development: The New England Case», Journal of Economic History, 46 (septiembre), pp. 647–667.CrossRefGoogle Scholar
Leff, Nathaniel (1966): «Capital Markets in Less Developed Countries: the Group Principle», en McKinnon, Ronald (ed.): Money and Finance in Economic Growth and Development: Essays in Honor of Edward S. Shaw, Nueva York, pp. 97–122.Google Scholar
Leff, Nathaniel (1979): «Entrepreneurship and Economic Development: the Problem Revisited», Journal of Economic Literature, 17 (marzo), pp. 44–64.Google Scholar
Levy, María Bárbara (1977): História da Bolsa de Valores do Rio de Janeiro, Río de Janeiro.Google Scholar
Ludlow, Leonor (1986): «La construcción de un banco: el Banco Nacional de México, 1881–1884», en Ludlow, Leonor and Marichal, Carlos (eds.): Banca y poder en México, 1800–1925, México, pp. 299–346.Google Scholar
Marichal, Carlos (1986): «El nacimiento de la banca mexicana en el contexto latinoamericano: problemas de períodización», en Ludlow, Leonor and Marichal, Carlos (eds.): Banca y poder en México, 1800–1925, México, pp. 231–266.Google Scholar
Mann, H. Michael (1973): «Entry Barriers in Thirteen Industries», en Yamey, Basil S. (ed.): Economics of Industrial Structure, Baltimore, pp. 67–77.Google Scholar
Martin, Joseph G. (1898): A Century of Finance: Martin's History of the Boston Stock and Money Markets, One Hundred Years, January 1978 to January 1898, Boston.Google Scholar
Meyer Cosío, Rosa María (1986): «Empresarios, crédito y especulación, 1820–1850», en Ludlow, Leonor and Marichal, Carlos (eds.): Banca y poder en México, 1800–1925, México, pp. 99–118.Google Scholar
Ministerío de Fomento (1854): Estadística del Departamento de México, México.Google Scholar
Ministerío de Fomento (1857): Memoria del Ministerio de Fomento, México.Google Scholar
Ministerío de Fomento (1865): Memoria del Ministerio de Fomento, México.Google Scholar
Myers, Margaret G. (1931): The New York Money Market, volume I: Origins and Development, Nueva York.CrossRefGoogle Scholar
Navin, Thomas R. and Marian V., Sears (1955): «The Rise of a Market for Industrial Securities, 1887–1902», Business History Review, 29, pp. 105–138.CrossRefGoogle Scholar
Neuhaus, Paulo (1975): História monetária do Brasil, 1900–1945, Río de Janeiro.Google Scholar
Neuhaus, PauloThe Official American Textile Directory (1890–1930), Nueva York.Google Scholar
Pashigian, P. (1969): «The Effect of Market Size on Concentration», International Economic Review, 10.Google Scholar
Patrick, Hugh (1966): «Financial Development and Economic Growth in Underdeveloped Countries», Economic Development and Cultural Change, 14 (enero).Google Scholar
Peláez, Carlos Manuel and Suzigan, Wilson (1976): História monetária do Brasil: análise da político, comportamento e institucoes monetárias, Brasilia.Google Scholar
Potash, Robert (1983): The Mexican Government and Industrial Finance in the Early Republic: The Banco de Avío, Amherst, MA.Google Scholar
Pryor, Frederic L. (1973): «An International Comparison of Concentration Ratios», en Yamey, Basil S. (ed.): Economics of Industrial Structure, Baltimore, pp. 123–142.Google Scholar
Pryor, Frederic L.Retrospecto Commercial do Jornal do Comercio (1911–1930), Río de Janeiro.Google Scholar
Reynolds, Lloyd (1940): «Cut Throat Competition», American Economic Review, 30 (diciembre), pp. 736–747.Google Scholar
Saes, Flávio Azevedo Marques de (1986): Creédito e bancos no desenvolvimento da economia paulista, 1850–1930, Sao Paulo.Google Scholar
Sánchez Martínez, Hilda (1983): «El sistema Monetario y financiero mexicano bajouna perspectiva histórica: el Porfiriato», en Quijano, José Manuel (ed.): La banca, pasado y presente: problemas financieros mexicanos, México, pp. 15–94.Google Scholar
Sánchez Martínez, Hilda (1986): «La política bancaria de los primeros gobiernos constitucionalistas, antecedentes inmediatos para la fundación del Banco de México, 1917–1925», en Ludlow, Leonor and Marichal, Carlos (eds.): Banca y poder en México, 1800–1925, México, pp. 375–408.Google Scholar
Secretaría de Fomento (1890): Boletín semestral de la República Mexicana, 1889, México.Google Scholar
Secretaría de Hacienda (1880): Estadística de la República Mexicana, México.Google Scholar
Secretaría de Hacienda y Crédito Público: «Indice de la estadística del ramo de hilados y bonetaria de algodón, correspondiente al semestre de 1 de mayo al 31 de octubre de 1932.»Google Scholar
Secretaría de Hacienda y Crédito Público (1977): Documentos para el estudio de la industrialization en México, 1837–1845, México.Google Scholar
Stein, Stanley J. (1957): The Brazilian Cotton Textile Manufacture: Textile Enterprise in an Underdeveloped Area, Cambridge, MA.CrossRefGoogle Scholar
Suzigan, Wilson (1986): Indústria brasileira: origem e desenvolvimento, Sao Paulo.Google Scholar
Sylla, Richard (1975): The American Capital Market, 1846–1914: A Study of the Effects of Public Policy on Economic Development, Nueva York.Google Scholar
Temporary National Economic Committee, 76th Congress, 3rd Session (1941): Investigation of Concentration of Economic Power: Monograph 27, The Structure of Industry, Washington, DC.Google Scholar
Tenenbaum, Barbara (1986): The Politics of Penury: Debt and Taxes in Mexico, 1821–1856, Albuquerque.Google Scholar
Tenenbaum, Barbara (1880): The Textile Manufacturer's Directory of the United States, Nueva York.Google Scholar
Topik, Steven (1987): The Political Economy of the Brazilian State, 1889–1930, Austin, Texas.Google Scholar
Triner, Gail D. (1990): «Brazilian Banks and the Economy, 1906–1918», Tesis de Licenciatura, Universidad de Columbia.Google Scholar
United States Bureau of the Census, Census of Manufactures, 1840–1930.Google Scholar
Vasco, Cunha (1905): «A industria do algodao», Boletim do Centre Industrial do Brasil (30 de diciembre).Google Scholar
Versiani, Flavio (1984): «Before the Depression: Brazilian Industry in the 1920s», en Thorp, Rosemary (ed.): Latin America in the 1930s: The Role of the Periphery in World Crisis, Nueva York.Google Scholar
Walker, David W. (1986): Kinship, Business, and Politics: The Martínez del Río Family in Mexico, 1824–1867, Austin, Texas.Google Scholar
Ware, Caroline F. (1931): The Early New England Cotton Manufacture, Cambridge, Massachusetts.Google Scholar
Wright, Gavin (1981): «Cheap Labor and Southern Textiles, 1880–1930», Quaterly Journal of Economics, 96 (noviembre), pp. 605–629.CrossRefGoogle Scholar