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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
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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

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References

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