Edited by Noemi Levy, Senior Professor, National Autonomous University of Mexico (UNAM) and Etelberto Ortiz, Professor, Metropolitan Autonomous University (UAM), Mexico

’Imbalances, disparities and disequilibria are amongst the inherent features of capitalism. How those features play out in the era of financialization across Europe and Latin America are at the core of this book. There is a rich menu of papers here ranging over what policy and other measures can address the structural disequilibria in Europe and impacts of human welfare, the impact of the forces of disequilibria on economic growth, and deep analyses of many features of disequilibria in Mexico.’

• Contents:INTRODUCTIONWhat are the Issues Now? Controversies About Disequilibria, Economic Growth, and Economic PoliciesNoemi Levy and Etelberto OrtizPART I STRUCTURAL DESEQUILIBRIA IN EUROPE: WHAT TO DO 1. A Structural and Monetary Perspective of the Euro Crisis Riccardo Bellofiore, Francesco Garibaldo and Mariana Mortagua 2. The Big Financial Crisis and the European Economic Adjustment: A Road Towards the Strengthening of the Neoliberal Agenda Ma. Guadalupe Huerta 3. Debt Deflation Theory and the Great RecessionDomenica Tropeano and Alessandro Vercelli PART II THE FORCES OF DESEQUILIBRIA AT WORK: THEIR IMPACT ON GROWTH 4. The Periphery in the Productive Globalization: A New Dependency? Alan Cibils and Germán Pinazo 5. Latin America in the New International Order: New Forms of Economic Organizations and Old Forms of Surplus Appropriation Noemi Levy6. Inequality, Technological Change and Worldwide Economic Recovery Carlos A. Rozo7. Global Disequilibria and the Inequitable Distribution of Income Alma Chapoy 8. Financialization, Crisis and Economic PolicyHassan Bougrine and Louis-Philippe RochonPART III DISEQUILIBRIA IN THE MEXICAN ECONOMY: THE EXPORT GROWTH MODEL, ECONOMIC STAGNATION AND LABOR PRECARIZATION 9. The Limits of the Export Led Growth Model: The Mexican Experience Etelberto Ortiz 10. The Mexican Economy in 2014: Between Crisis, Free Trade, Social Devastation and Labour Precarization Alejandro Álvarez and Sandra Martínez 11. The Accumulation Mode of Production in Mexico and the Economic Structure of the Manufacturing Industry Luis Kato PART IV DISEQUILIBRIA IN MEXICO: THE FINANCIAL AND FISCAL TRAP12. Economic Growth and Financial Development in Mexico: From a Virtuous Circle of a Bidirectional Causality to a Financial Subordination Teresa López and Eufemia Basilio 13. Private Sector Finance in the Era of Deregulation and Economic Openness: Mexico 2000-2014 Christian Domínguez and Juan Marroquín 14. Pro-cyclical Fiscal Policy and the Fiscal Support of the Mexican Monetary Policy Luis Á. Ortiz Index

Edited by Noemi Levy, Senior Professor, National Autonomous University of Mexico (UNAM) and Etelberto Ortiz, Professor, Metropolitan Autonomous University (UAM), Mexico

’Imbalances, disparities and disequilibria are amongst the inherent features of capitalism. How those features play out in the era of financialization across Europe and Latin America are at the core of this book. There is a rich menu of papers here ranging over what policy and other measures can address the structural disequilibria in Europe and impacts of human welfare, the impact of the forces of disequilibria on economic growth, and deep analyses of many features of disequilibria in Mexico.’

• Contents:INTRODUCTIONWhat are the Issues Now? Controversies About Disequilibria, Economic Growth, and Economic PoliciesNoemi Levy and Etelberto OrtizPART I STRUCTURAL DESEQUILIBRIA IN EUROPE: WHAT TO DO 1. A Structural and Monetary Perspective of the Euro Crisis Riccardo Bellofiore, Francesco Garibaldo and Mariana Mortagua 2. The Big Financial Crisis and the European Economic Adjustment: A Road Towards the Strengthening of the Neoliberal Agenda Ma. Guadalupe Huerta 3. Debt Deflation Theory and the Great RecessionDomenica Tropeano and Alessandro Vercelli PART II THE FORCES OF DESEQUILIBRIA AT WORK: THEIR IMPACT ON GROWTH 4. The Periphery in the Productive Globalization: A New Dependency? Alan Cibils and Germán Pinazo 5. Latin America in the New International Order: New Forms of Economic Organizations and Old Forms of Surplus Appropriation Noemi Levy6. Inequality, Technological Change and Worldwide Economic Recovery Carlos A. Rozo7. Global Disequilibria and the Inequitable Distribution of Income Alma Chapoy 8. Financialization, Crisis and Economic PolicyHassan Bougrine and Louis-Philippe RochonPART III DISEQUILIBRIA IN THE MEXICAN ECONOMY: THE EXPORT GROWTH MODEL, ECONOMIC STAGNATION AND LABOR PRECARIZATION 9. The Limits of the Export Led Growth Model: The Mexican Experience Etelberto Ortiz 10. The Mexican Economy in 2014: Between Crisis, Free Trade, Social Devastation and Labour Precarization Alejandro Álvarez and Sandra Martínez 11. The Accumulation Mode of Production in Mexico and the Economic Structure of the Manufacturing Industry Luis Kato PART IV DISEQUILIBRIA IN MEXICO: THE FINANCIAL AND FISCAL TRAP12. Economic Growth and Financial Development in Mexico: From a Virtuous Circle of a Bidirectional Causality to a Financial Subordination Teresa López and Eufemia Basilio 13. Private Sector Finance in the Era of Deregulation and Economic Openness: Mexico 2000-2014 Christian Domínguez and Juan Marroquín 14. Pro-cyclical Fiscal Policy and the Fiscal Support of the Mexican Monetary Policy Luis Á. Ortiz Index

Edited by Noemi Levy, Senior Professor, National Autonomous University of Mexico (UNAM) and Etelberto Ortiz, Professor, Metropolitan Autonomous University (UAM), Mexico

’Imbalances, disparities and disequilibria are amongst the inherent features of capitalism. How those features play out in the era of financialization across Europe and Latin America are at the core of this book. There is a rich menu of papers here ranging over what policy and other measures can address the structural disequilibria in Europe and impacts of human welfare, the impact of the forces of disequilibria on economic growth, and deep analyses of many features of disequilibria in Mexico.’

• Contents:INTRODUCTIONWhat are the Issues Now? Controversies About Disequilibria, Economic Growth, and Economic PoliciesNoemi Levy and Etelberto OrtizPART I STRUCTURAL DESEQUILIBRIA IN EUROPE: WHAT TO DO 1. A Structural and Monetary Perspective of the Euro Crisis Riccardo Bellofiore, Francesco Garibaldo and Mariana Mortagua 2. The Big Financial Crisis and the European Economic Adjustment: A Road Towards the Strengthening of the Neoliberal Agenda Ma. Guadalupe Huerta 3. Debt Deflation Theory and the Great RecessionDomenica Tropeano and Alessandro Vercelli PART II THE FORCES OF DESEQUILIBRIA AT WORK: THEIR IMPACT ON GROWTH 4. The Periphery in the Productive Globalization: A New Dependency? Alan Cibils and Germán Pinazo 5. Latin America in the New International Order: New Forms of Economic Organizations and Old Forms of Surplus Appropriation Noemi Levy6. Inequality, Technological Change and Worldwide Economic Recovery Carlos A. Rozo7. Global Disequilibria and the Inequitable Distribution of Income Alma Chapoy 8. Financialization, Crisis and Economic PolicyHassan Bougrine and Louis-Philippe RochonPART III DISEQUILIBRIA IN THE MEXICAN ECONOMY: THE EXPORT GROWTH MODEL, ECONOMIC STAGNATION AND LABOR PRECARIZATION 9. The Limits of the Export Led Growth Model: The Mexican Experience Etelberto Ortiz 10. The Mexican Economy in 2014: Between Crisis, Free Trade, Social Devastation and Labour Precarization Alejandro Álvarez and Sandra Martínez 11. The Accumulation Mode of Production in Mexico and the Economic Structure of the Manufacturing Industry Luis Kato PART IV DISEQUILIBRIA IN MEXICO: THE FINANCIAL AND FISCAL TRAP12. Economic Growth and Financial Development in Mexico: From a Virtuous Circle of a Bidirectional Causality to a Financial Subordination Teresa López and Eufemia Basilio 13. Private Sector Finance in the Era of Deregulation and Economic Openness: Mexico 2000-2014 Christian Domínguez and Juan Marroquín 14. Pro-cyclical Fiscal Policy and the Fiscal Support of the Mexican Monetary Policy Luis Á. Ortiz Index