Democracy and capitalist revolution

Democracy became the preferred and consolidated form of government only in the twentieth century. It is not sufficient to explain this change solely by reference to rational motives, nor by detecting processes and leadership. A historical approach is required. The new historical fact that led to the change of preference from aristocratic rule to democracy is the capitalist revolution, which changed the manner of appropriating the economic surplus from violence to the market. This is the first necessary condition for democracy. The disappearance of the fear of expropriation, the rise of middle classes and the pressures of the poor or of the workers are the second, third and fourth new historical facts that opened the way for the transition from the liberal to the liberal-democratic regime. After these four conditions were fulfilled, the elites ceased to fear that they would be expropriated if universal suffrage was granted. Eventually, after the transition, the democratic regime became the rational choice for all classes. The theory presented here does not predict transitions, since countries often turn democratic without fully realized historical conditions, but it predicts democratic consolidation, since no country that has completed its capitalist revolution falls back into authoritarianism.

Globalization and the Industrial Revolution (revised)

This paper argues that trade specialization played an indispensable role in supporting the Industrial Revolution. We calibrate a two-good and two-sector overlapping generations model to Englandís historical development and investigate how much different Englandís development path would have been if it had not globalized in 1840. The open-economy model is able to closely match the data, but the closed-economy model cannot explain the fall in the value of land relative to wages observed in the 19th century. Without globalization, the transition period in the British economy would be considerably longer than that observed in the data and key variables, such as the share of labor force in agriculture, would have converged to Ögures very distant from the actual ones.

June Journeys in Brazil: from the networks to the streets

This article seeks to analyse the mass protests that ecloded in the main cities in Brazil in June 2013 - the so-called June Journeys -, event which represented an inflection moment in the country's recent political history and inaugurated a new social mobilization cycle in the country. This analysis will begin with the presupposition that the strong digital inclusion that has been going on over recent years was a main element, but not the only one, responsible for the occurrence of protests. Still, although digital inclusion has been a central tool that allowed these demonstrations to happen in the first place, it was not the only responsible for leading over 1 million people to the streets. Factors such as frustrated expectations over the continuity of the social inclusion process that had been ongoing over the last decade, the rising educational level and a political representation crisis contributed to social mobilization, and were amplified due to widening internet access - and, therefore, access to information - across the population

Inglorious revolution : sovereign debt, tropical credibility, and financial underdevelopment in imperial Brazil

In 1824 the creation of institutions that constrained the monarch’s ability to unilaterally tax, spend, and debase the currency put Brazil on a path toward a revolution in public finance, roughly analogous to the financial consequences of England’s Glorious Revolution. This credible commitment to honor sovereign debt resulted in successful long-term funded borrowing at home and abroad from the 1820s through the 1880s that was unrivalled in Latin America. Some domestic bonds, denominated in the home currency and bearing exchange clauses, eventually circulated in European financial markets. The share of total debt accounted for by long-term funded issues grew, and domestic debt came to dominate foreign debt. Sovereign debt yields fell over time in London and Rio de Janeiro, and the cost of new borrowing declined on average. The market’s assessment of the probability of default tended to decrease. Imperial Brazil enjoyed favorable conditions for borrowing, and escaped the strong form of “original sin” stressed by recent work on sovereign debt. The development of vibrant private financial markets did not, however, follow from the enhanced credibility of government debt. Private finance in Imperial Brazil suffered from politicized market interventions that undermined the development of domestic capital markets. Private interest rates remained high, entry into commercial banking was heavily restricted, and limited-liability joint-stock companies were tightly controlled. The Brazilian case provides a powerful counterexample to the general proposition of North and Weingast that institutional changes that credibly commit the government to honor its obligations necessarily promote the development of private finance. The very institutions that enhanced the credibility of sovereign debt permitted the systematic repression of private financial development. In terms of its consequences for domestic capital markets, the liberal Constitution of 1824 represented an “inglorious” revolution.

Determination of the LC50 of selamectin (active principle of the antiparasitic Revolution (R), Pfizer) applied on engorged female of the tick Rhipicephalus sanguineus (Latreille, 1806) (Acari: Ixodidae)

Coordenação de Aperfeiçoamento de Pessoal de Nível Superior (CAPES)

Revolutionaries and bandits: the Villista trajectory in the Mexican Revolution

In the last decades of the 1901 century the Mexican society went through a period of political and economical stability, and relative social tranquility. on contrast, during the revolutionary context various armed movements promoted the disruption of this status quo. In this article, by the analysis of several testimonies, I intend to show some aspects regarding criminality and violence phenomena, during the 1910 and 1920 years on the Northern Mexico.

Revolution and livestock farming in Northern Mexico

Through the analysis of Mexican livestock statistics and Sonora and Chihuahua regional census, this work discusses the condition of livestock farming in Northern Mexico during the first decades of the twentieth century, specially after the Revolution. There is no doubt that during this period, the absolute number of livestock heads diminished throughout Mexico, but "estate depredations" did vary geographically. In Nortehrn Mexico, livestock farming suffered more in Chihuahua than in Sonora, and herd recovery was also faster in Sonora. This analysis also allows us to underscore the role of postrevolutionary elites in rebuilding regional economies during the 1920's.

Boletín estadístico de América Latina, junio 1970 = Statistical bulletin for Latin America, June 1970

Incluye Bibliografía

Boletín estadístico de América Latina, junio 1972 = Statistical bulletin for Latin America, June 1972

Incluye Bibliografía

Macroeconomic Report on Latin America and the Caribbean. June 2012

Incluye Bibliografía

Review of Caribbean economic performance, 1997: based on data for the period January to June 1997

Includes bibliography

Translating passive revolution in Brazil

This article sets out to examine Antonio Gramsci's use of the concept of passive revolution and thereby 'translate' it to an alternative historical and contemporary context. If we can observe Gramsci as a 'translator' of Lenin, from Russia to Italy, we can also try to 'translate' Gramsci beyond his original circumstances to alternative conditions, hence the aim of translating Gramsci and his category of passive revolution in order to apprehend some aspects of the particularity of bourgeois revolution in Brazil. The thesis is that the theory and condition of passive revolution in Brazil has unfolded as a hybridism of liberal corporatism, which reveals the slow assumption of bourgeois rule as a form of supremacy. Importantly, the role of the military in this long process is also highlighted. © The Author(s) 2012.

Boletín del Banco de Datos, junio de 1982 = Bulletin of the Data Bank, June 1982

Incluye Bibliografía

Industrial revolution, technological paradigm and regional alternatives

Includes bibliography