UT Law School Classes
- Fall 2013
Smnr: Latin Am Mkt Systems: Law/Development
De Larranaga, P
2:00 pm - 5:00 pm
This course is restricted to upper division students only.
You must have at least 43 credit hours to register.
In spite of the Populist movement of the last two decades, it seems clear that Latin American countries have move in the direction of a global economic integration. This drift has had different institutional expressions, and have a diverse degree of democratic legitimacy and significant variability in the economic growth and welfare distribution effects in different countries in the region: e.g., Chile, Uruguay and Brazil appear as the relatively positive instances of this turn in the direction of market systems, whereas Mexico and Argentina results are far from good in these terms, whit the cases of Peru and Colombia somewhere in between these extremes.
Most of the Law and Development literature has been developed paying little attention to the systemic transformations of the economy –particularly, to the integration of Latin American economies into global capitalism-; assuming that this topic lays in the domain of political economy and public policy. Nevertheless, it is impossible to give an account of the role of legal institutions in social development without describing the functions of state legal activism in constituting, promoting, improving and limiting markets.
This seminar will explore the implications of these transformations. Particularly, we will approach critically to the idea that the main role of the State as development factor in contemporary society is limited to liberalize the economy and regulate market failures, focusing in the constitutive or “infrastructural” role of the state organizations in this domain.