Plunder in Latin America - Softcover

Guillermo M. Yeatts

Softcover

ISBN 10: 1439268029 ISBN 13: 9781439268025

Publisher: BookSurge Publishing, 2010

Synopsis

Plunder in Latin America by Guillermo Yeatts offers a unique, insider's view of the objective conditions that have given rise to the ransacking of Latin America by local political vested groups. At a time when globalization is flattening the playing field of world political economics, and with the path to prosperity so clear for so many nations, why is it certain countries remain disadvantaged and unstable? For Yeatts, the origins of this problem lies in the rules of the game governing how resources are transferred from less to more powerful sectors of society. The plundering tradition of Latin America goes back to colonial times. Over time, specific factors have contributed to an environment of noncompliance with the law and the fostering of a plundered mentality. Plunder in Latin America grapples with critical questions facing the future of Latin America, and is a must read for anyone concerned with globalization, equality, and Latin American history.

About this title

About the Author

Guillermo Yeatts was born in Buenos Aires, Argentina. He is a graduated from New York University with a Bachelor of Science and a Master in Economics. He later completed the triennial OPM (Owner, President, Manager) Program at the Graduate School of Business in Harvard University. Mr. Yeatts worked for major multinationals in Latin America and decades as an entrepreneur in the oil and gas business (exploration, production, refining and marketing) as former Chairman of Sol Petroleo SA . He also became involved with education projects as co- founder and ex Chairman of Eseade (Graduate Business School), ex Chairman of Junior Achievement Argentina, and ex-Board member of FEE, New York . Currently, he is Chairman of Atlas 1853 Foundation and a member of the Mont Pelerin Society. He is the author of seven books published in the USA and Argentina.

Review

The global economy is continuously evolving. Improvements in technology and information transfer have made the concept of the global village a reality, and goods and services can flow in virtually any direction. However, some third world countries, even those that are resource rich, continue to struggle with poverty. In Plunder in Latin America, author Guillermo Yeatts discusses the realities of the Latin American world that make poverty so pervasive and difficult to overcome. In the book's first section, Yeatts examines the history of Latin America and the political concepts that guided its development. Included here is information on topics such as private property, rent-seeking behavior, royalties, informal economy, Centralism, and welfare. The second section discusses the current state of Latin American politics, the culture of informality, and the globalization of technology and information. Particular attention is paid to the level of freedom enjoyed by various countries and the correlation between freedom and economic development. The book is enhanced throughout by a series of useful tables and graphs, and finished with an extensive bibliography. Plunder in Latin America is a meticulously researched book. Yeatts, who holds a master's degree in economics from New York University, received training at the Harvard Graduate School of Business and has written nine books. He speaks with the authority that only a strong knowledge base can provide. He describes an economic system in Latin America that has focused on providing wealth to a privileged few: first the Spanish Conquistadors, who went into Latin America in search of gold, silver, and other minerals; and later the political and military leaders who controlled the countries in this part of the world. He compares this with the colonization of North America, where people came in search of religious freedom and a chance to create a new life. He writes, "Latin America was conquered for the glory of its Crown and the broadening of its Catholic faith, freeing it from heathen and pagans, neither for industry or commerce, nor the welfare of its own people....The English immigrated to America in search of a factory, the Spaniards in search of a fortune." He suggests that in the modern world, personal liberties and freedom, coupled with information sharing that allows for individuals to be creative and innovative will build a better future for Latin America. For those professionals who are interested in global economics and the political and economic development of third world countries, Plunder in Latin America will be a valuable resource. --ForeWord Clarion Reviews - Four Stars (out of Five)

About this edition

• Publisher: BookSurge Publishing
• Publication date: 2010
• ISBN 10: 1439268029
• ISBN 13: 9781439268025
• Binding: Paperback
• Edition number: 1
• Number of pages: 221