Crony Capitalism and Economic Growth in Latin America: Theory and Evidence (Hoover Institution Press Publication Book 488)

Crony capitalism systems - in which those close to political policymakers receive favors allowing them to earn returns far above market value - are a fundamental feature of the economies of Latin America. Haber and his expert contributors draw from case studies in Mexico, Brazil, and other countries around the world to examine the causes and consequences of cronyism.