Peru Since Independence, a Tortured History
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Policy Response to Crises in Latin America
NBER WORKING PAPER SERIES THE ROAD TO REDEMPTION: POLICY RESPONSE TO CRISES IN LATIN AMERICA Carlos A. Vegh Guillermo Vuletin Working Paper 20675 http://www.nber.org/papers/w20675 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 November 2014 Paper prepared for the 2013 IMF Annual Research Conference in honor of Stanley Fischer's 70th birthday. We are extremely grateful to Julia Ruiz Pozuelo and Collin Rabe for research assistance. On a personal note, Vegh owes a huge debt of gratitude to Stan for 20 years of unwavering mentorship, co-authorship, and support (dating back to Stan's arrival at the IMF in September 1994). Stan is one of those rare individuals who combines truly remarkable professional credentials with equally astounding personal qualities. Our profuse thanks to Vittorio Corbo as well as to two referees and the editors of this Journal for extremely helpful comments and suggestions. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer- reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications. © 2014 by Carlos A. Vegh and Guillermo Vuletin. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source. The Road to Redemption: Policy Response to Crises in Latin America Carlos A. Vegh and Guillermo Vuletin NBER Working Paper No. -
Is America Economically Headed for a 1990S-Style Japanese “Lost Decade” of Stagnant Growth?
A SYMPOSIUM OF VIEWS An American Lost Decade? Is America economically headed for a 1990s-style Japanese “lost decade” of stagnant growth? THE MAGAZINE OF INTERNATIONAL ECONOMIC POLICY 888 16th Street, N.W., Suite 740 Washington, D.C. 20006 Phone: 202-861-0791 • Fax: 202-861-0790 www.international-economy.com 6 THE INTERNATIONAL ECONOMY SUMMER 2009 No, but I worry America will face about something more than one different. “lost decade.” SAMUEL BRITTAN TADASHI NAKAMAE Columnist, Financial Times President, Nakamae International Economic Research take the question to mean “Is the United States likely he United States is in for more than just one “lost to endure a decade of stagnation?” My answer is no. decade.” Like Japan, which is well into its second IPresent problems are due to failure of the banking and Tlost decade, the United States is dealing with the monetary mechanism. In other words, insufficient pieces detritus of its ruptured bubble economy in the wrong way. of paper are being created or used to purchase potential In order to define Japan’s lost decade, a sketch of output. This problem is not beyond the wit of man to the bubble economy that preceded it might be in order. In solve, whether by injecting more Federally created dol- 1989, the grounds of the Imperial Palace in Tokyo were lars, “rescuing” the banks, or supplementing or replacing more expensive than the whole of California. Japanese them with government credit institutions. Fed Chairman companies, financial and non-financial, it was said, were Ben Bernanke and presidential counselor Larry Sum- about to conquer the world. -
Jamaica in the Tourism Global Value Chain
Jamaica in the Tourism Global Value Chain April 2018 Prepared by Karina Fernandez-Stark and Penny Bamber Contributing researcher: Vivian Couto, Jack Daly and Danny Hamrick Duke Global Value Chains Center, Duke University Global Value Chains Center This research was prepared by the Duke University Global Value Chains Center on behalf of the Organization of American States (OAS). This study is part of the establishment of Small Business Development Centers in the Caribbean. The report is based on both primary and secondary information sources. In addition to interviews with firms operating in the sector and supporting institutions, the report draws on secondary research and information sources. The project report is available at www.gvcc.duke.edu. Acknowledgements The Duke University Global Value Chains Center would like to thank all of the interviewees, who gave generously of their time and expertise, as well as Renee Penco of the Organization of American States (OAS) for her extensive support. The Duke University Global Value Chain Center undertakes client-sponsored research that addresses economic and social development issues for governments, foundations and international organizations. We do this principally by utilizing the global value chain (GVC) framework, created by Founding Director Gary Gereffi, and supplemented by other analytical tools. As a university- based research center, we address clients’ real-world questions with transparency and rigor. www.gvcc.duke.edu. Duke Global Value Chain Center, Duke University © April 2018 -
Jorge Basadre's “Peruvian History of Peru,”
Jorge Basadre’s “Peruvian History of Peru,” or the Poetic Aporia of Historicism Mark Thurner We need a Peruvian history of Peru. By Peruvian history of Peru I mean a history that studies the past of this land from the point of view of the formation of Peru itself. We must insist upon an authentic history ‘of ’ Peru, that is, of Peru as an idea and entity that is born, grows, and develops. The most important personage in Peruvian history is Peru. Jorge Basadre, Meditaciones sobre el destino histórico del Perú Although many gifted historians graced the stage of twentieth-century Peru- vian letters, Jorge Basadre Grohmann (1903 – 1980) was clearly the dominant figure. Today Basadre is universally celebrated as the country’s most sagacious and representative historian, and he is commonly referred to as “our historian of the Republic.” Libraries, avenues, and colleges are named after him. The year 2003 was “The Year of Basadre” in Peru, with nearly every major cultural institution in Lima organizing an event in his honor.1 The National University HAHR editors and the anonymous readers of earlier versions of this article deserve my thanks. Support from the Social Science Research Council, the Fulbright-Hays Program, and the University of Florida is gratefully acknowledged. All translations are mine. 1. There is no systematic work on Basadre, but several Peruvian scholars have reflected upon aspects of his work, and the centennial celebration has prompted the publication of conference proceedings. See Pablo Macera, Conversaciones con Basadre (Lima: Mosca Azul, 1979); Alberto Flores Galindo, “Jorge Basadre o la voluntad de persistir,” Allpanchis 14, no. -
Performing Blackness in the Danza De Caporales
Roper, Danielle. 2019. Blackface at the Andean Fiesta: Performing Blackness in the Danza de Caporales. Latin American Research Review 54(2), pp. 381–397. DOI: https://doi.org/10.25222/larr.300 OTHER ARTS AND HUMANITIES Blackface at the Andean Fiesta: Performing Blackness in the Danza de Caporales Danielle Roper University of Chicago, US [email protected] This study assesses the deployment of blackface in a performance of the Danza de Caporales at La Fiesta de la Virgen de la Candelaria in Puno, Peru, by the performance troupe Sambos Illimani con Sentimiento y Devoción. Since blackface is so widely associated with the nineteenth- century US blackface minstrel tradition, this article develops the concept of “hemispheric blackface” to expand common understandings of the form. It historicizes Sambos’ deployment of blackface within an Andean performance tradition known as the Tundique, and then traces the way multiple hemispheric performance traditions can converge in a single blackface act. It underscores the amorphous nature of blackface itself and critically assesses its role in producing anti-blackness in the performance. Este ensayo analiza el uso de “blackface” (literalmente, cara negra: término que designa el uso de maquillaje negro cubriendo un rostro de piel más pálida) en la Danza de Caporales puesta en escena por el grupo Sambos Illimani con Sentimiento y Devoción que tuvo lugar en la fiesta de la Virgen de la Candelaria en Puno, Perú. Ya que el “blackface” es frecuentemente asociado a una tradición estadounidense del siglo XIX, este artículo desarrolla el concepto de “hemispheric blackface” (cara-negra hemisférica) para dar cuenta de elementos comunes en este género escénico. -
PERUVIAN ECONOMIC ASSOCIATION Peru's Great
PERUVIAN ECONOMIC ASSOCIATION Peru's Great Depression A Perfect Storm? Luis Gonzalo Llosa Ugo Panizza Working Paper No. 45, May 2015 The views expressed in this working paper are those of the author(s) and not those of the Peruvian Economic Association. The association itself takes no institutional policy positions. Peru's Great Depression A Perfect Storm? Gonzalo Llosa and Ugo Panizza * The expression “Perfect Storm” refers to the simultaneous occurrence of events which, taken individually, would be far less powerful than the result of their combination. Such occurrences are rare by their very nature, so that even a slight change in any one event contributing to the perfect storm would lessen its overall impact. (Wikipedia) Introduction Over the 1970s and 1980s Peru went through a series of deep and protracted economic crises which generated enormous output losses. While output collapses are not uncommon in the emerging world (in a sample of 31 emerging market countries over the 1980-2004 period, Calvo et al., 2006 identify 22 events), Peru stands apart for the rapid succession of crises. For three times in a row, as soon as output would recover to its pre-crisis level, a new crisis would hit the country and destroy all the progress made during the previous years. As a consequence, the growth rate of Peru's GDP per capita averaged to 0 percent over a thirty-year period (1975-2005), a horrible performance even when compared to Latin America's dismal rate of economic growth. Moreover, while Calvo et al. (2006) document that great depressions tend to be V-shaped (i.e., characterized by a rapid collapse and a rapid recovery with almost no investment), the recovery from Peru's deepest collapse took 15 years, clearly not a V-shaped crisis. -
Jorge Basadre Grohmann El Historiador De La República
JORGE BASADRE GROHMANN EL HISTORIADOR DE LA REPÚBLICA Juan Carlos Valera Huarcaya' L EL HISTORIADOR EN VIDA: El oír el nombre del señor Jorge Basadre Grohmann (Tacna, 12 de febrero de 1903 - Lima, 29 de junio de 1980) es recordar los libros de la historia del Perú en la época escolar o universitaria (para ser más precisos el libro "Historia del Perú")- o en su defecto por los billetes de cien nuevos soles (S/. 100) que se encuentran en actual circulación y que hace poco tuvo algunos cambios estéticos en el diseño pero sin omitir la presencia de esta noble figura d e la historia peruana en muchos ámbitos, ya que referirse a este emblemático personaje es referirse la tradición y a la facilidad de plasmar los hechos que datan desde épocas anteriores al nacimiento de la República de nuestro país. El recordado historiador se desempeñó en diferentes ámbitos; tales como en el plano educativo donde se desempeñó como el catedrático más joven de su alma mater la Universidad Mayor de San Marcos, con tan solo ventaseis años, en el año 1928. También destacó en el plano político, llegando a ser Ministro de Educación en dos ocasiones, en el año de 1945 y de 1956 a 1958. Además de dar grandes aportes a la educación y cultura del Perú, también tuvo bajo su responsabilidad el compendio de la Historia del Derecho Peruano, hecho en el año 1937. Siendo éste un texto base en la formación de futuros profesionales de la facultad de Derecho y que hasta la actualidad cumple con esta finalidad. -
The Rise and Fall of Argentina
Spruk Lat Am Econ Rev (2019) 28:16 https://doi.org/10.1186/s40503-019-0076-2 Latin American Economic Review RESEARCH ARTICLE Open Access The rise and fall of Argentina Rok Spruk* *Correspondence: [email protected] Abstract School of Economics I examine the contribution of institutional breakdowns to long-run development, and Business, University of Ljubljana, Kardeljeva drawing on Argentina’s unique departure from a rich country on the eve of World ploscad 27, 1000 Ljubljana, War I to an underdeveloped one today. The empirical strategy is based on building Slovenia a counterfactual scenario to examine the path of Argentina’s long-run development in the absence of breakdowns, assuming it would follow the institutional trends in countries at parallel stages of development. Drawing on Argentina’s large historical bibliography, I have identifed the institutional breakdowns and coded for the period 1850–2012. The synthetic control and diference-in-diferences estimates here suggest that, in the absence of institutional breakdowns, Argentina would largely have avoided the decline and joined the ranks of rich countries with an income level similar to that of New Zealand. Keywords: Long-run development, New institutional economics, Political economy, Argentina, Applied econometrics JEL Classifcation: C23, K16, N16, N46, O43, O47 1 Introduction On the eve of World War I, the future of Argentina looked bright. Since its promulga- tion of the 1853 Constitution, Argentina had experienced strong economic growth and institutional modernization, which had propelled it into the ranks of the 10 wealthi- est countries in the world by 1913. In the aftermath of the war, Argentina’s income per capita fell from a level approximating that of Switzerland to its current middle-income country status. -
Viewees Who Donated Their Time and Knowledge to the Dissertation Research
SSStttooonnnyyy BBBrrrooooookkk UUUnnniiivvveeerrrsssiiitttyyy The official electronic file of this thesis or dissertation is maintained by the University Libraries on behalf of The Graduate School at Stony Brook University. ©©© AAAllllll RRRiiiggghhhtttsss RRReeessseeerrrvvveeeddd bbbyyy AAAuuuttthhhooorrr... Selling Sacred Cities: Tourism, Region, and Nation in Cusco, Peru A Dissertation Presented by Mark Charles Rice to The Graduate School in Partial Fulfillment of the Requirements for the Degree of Doctor of Philosophy in History Stony Brook University May 2014 Copyright by Mark Rice 2014 Stony Brook University The Graduate School Mark Charles Rice We, the dissertation committee for the above candidate for the Doctor of Philosophy degree, hereby recommend acceptance of this dissertation. Paul Gootenberg – Dissertation Advisor SUNY Distinguished Professor, History, Stony Brook University Eric Zolov – Chairperson of Defense Associate Professor, History, Stony Brook University Brooke Larson Professor, History, Stony Brook University Deborah Poole Professor, Anthropology, Johns Hopkins University This dissertation is accepted by the Graduate School Charles Taber Dean of the Graduate School ii Abstract of the Dissertation Selling Sacred Cities: Tourism, Region, and Nation in Cusco, Peru by Mark Charles Rice Doctor of Philosophy in History Stony Brook University 2014 It is hard to imagine a more iconic representation of Peru than the Inca archeological complex of Machu Picchu located in the Cusco region. However, when US explorer, Hiram Bingham, announced that he had discovered the “lost city” in 1911, few would have predicted Machu Picchu’s rise to fame during the twentieth century. My dissertation traces the unlikely transformation of Machu Picchu into its present-day role as a modern tourism destination and a representation of Peruvian national identity. -
Inflation and Instability: Brazil's Lost Decade And
APPLIED ECONOMICS INFLATION AND INSTABILITY : B RAZIL ’S LOST DECADE AND CARDOSO ’S RESPONSE ISABELLA DI PAOLO Senior Sophister in the 1990's brazil suffered a turbulent period of hyperinflation. in this paper, is - abella di Paolo provides an intriguing explanation of the policies which led to brazil's crisis, and an evaluation of how the reforms of President Cardoso helped set brazil on its current growth path. 1. Introduction the famous joke goes: “brazil is, and always will be, the land of the future”. long strug - gling to achieve long-term, sustainable growth - despite its abundant resources and im - mense potential - brazil has recently seen considerable improvements in both its economic performance and poverty-reduction strategies. the recent consumer boom, experienced as millions filled middle-class ranks, makes it difficult to imagine that just two decades ago inflation was taking over everyday life.1 it was the centre of all policy concerns, caused hour-long queues in front of supermarkets and crushed innumerable hopes and dreams. today, a decade-long struggle for macroeconomic stability has rendered the daily reality of twenty years ago completely unimaginable to those who have only known recent pros - perity (leitão, 2011). after an initial taming of the ‘inflation monster’ via the Plano real, brazilian policy-makers have demonstrated continuity in their will to reform, as exemplified by the continued adoption of the inflation targeting mechanism and law of fiscal respon - sibility introduced at the end of the cardoso administration. as brazil begins to display difficulties in continuing down the path of rapid growth, (financial times, 2013) it is more important than ever to remember the recent past, and to consider the long way the coun - try has come. -
Moving Away from Silence: Music of the Peruvian Altiplano and the Experiment of Urban Migration / Thomas Turino
MOVING AWAY FROM SILENCE CHICAGO STUDIES IN ETHNOMUSICOLOGY edited by Philip V. Bohlman and Bruno Nettl EDITORIAL BOARD Margaret J. Kartomi Hiromi Lorraine Sakata Anthony Seeger Kay Kaufman Shelemay Bonnie c. Wade Thomas Turino MOVING AWAY FROM SILENCE Music of the Peruvian Altiplano and the Experience of Urban Migration THE UNIVERSITY OF CHICAGO PRESS Chicago & London THOMAS TURlNo is associate professor of music at the University of Ulinois, Urbana. The University of Chicago Press, Chicago 60637 The University of Chicago Press, Ltd., London © 1993 by The University of Chicago All rights reserved. Published 1993 Printed in the United States ofAmerica 02 01 00 99 98 97 96 95 94 93 1 2 3 4 5 6 ISBN (cloth): 0-226-81699-0 ISBN (paper): 0-226-81700-8 Library of Congress Cataloging-in-Publication Data Turino, Thomas. Moving away from silence: music of the Peruvian Altiplano and the experiment of urban migration / Thomas Turino. p. cm. - (Chicago studies in ethnomusicology) Discography: p. Includes bibliographical references and index. I. Folk music-Peru-Conirna (District)-History and criticism. 2. Folk music-Peru-Lirna-History and criticism. 3. Rural-urban migration-Peru. I. Title. II. Series. ML3575.P4T87 1993 761.62'688508536 dc20 92-26935 CIP MN @) The paper used in this publication meets the minimum requirements of the American National Standard for Information Sciences-Permanence of Paper for Printed Library Materials, ANSI 239.48-1984. For Elisabeth CONTENTS List of Illustrations ix Acknowledgments xi Introduction: From Conima to Lima -
Do La Reflexión Comparada De Las Tesis Políticas De Mariátegui Y
170 rrotas pasajeras. En este senti rias" (p. 11 ), especie de "retrato rario de reconocida solvencia, no do la reflexión comparada de las hablado" (p. 35) como las llama adopta en veces ante su interlo tesis políticas de Mariátegui y Pablo Macera. cutor un tono muy reverencial y de Haya de la Torre, ilumina con En efecto, desde hace veinticin defiende hasta con pugnacidad fuerza el problema planteado, al co años Basadre viene publican su diferente criterio; los identifi mismo tiempo que brinda una de do lo que podríamos llamar sus ca, a pesar de todo, su fe en la las claves para comprender el memorias por capítulos sueltos literatura. En el segundo caso, proceso politico del Perú con de un libro que se anunció pri aunque no puede hablarse de mo temporáneo. mero como Un peruano en la pri nólogo, porque Macera desarrolla mera mitad del siglo XX, luego in extenso su punto de vista en Heraclio Bonilla como Un peruano en el siglo vein la "Presentación" (27 pp.), en la te y ahora con un nuevo titulo: formulación de algunas de sus ( 1) Dearing, 7 de setiembre La vida y la historia. El capítulo preguntas, en comentarios a va 1931, al Secretario de Esta "En la Universidad de San Mar rias respuestas y en respuestas do, D. S. 810.43 APRA/102. cos de 1920 a 1927" apareció en propias a dos o tres preguntas Citado por Thomas Davies Turismo; "Reforma Universitaria de Basadre, es evidente que la Jr., "The Indigenismo of the en 1919", primero en Letras Pe mayor parte del libro está dedi Peruvian Aprista Party: a ruanas y acaba de reaparecer cada a detenidas exposiciones de Reinterpretation", The His ampliado en Historia y Cultura (n.