Diversified business groups, consisting of legally independent firms operating across
diverse industries, are ubiquitous in emerging markets. Groups around the world share …

Diversified business (or corporate) groups, consisting of legally independent firms operating
in multiple markets, are ubiquitous in emerging markets and even in some developed …

Related lending, a widespread practice in LDCs, is widely held to encourage bankers to loot
their banks at the expense of minority shareholders and depositors. We argue that neither …

After its independence in 1821, Mexico experienced more than fifty years of political chaos
until Porfirio Díaz assumed power in 1876. Thirty-five years later, Mexico entered another …

Tropical Capitalism traces the rise of Brazil's second largest industrial center, a planned city
created in the 1890s as the capital of Minas Gerais, the nation's second most populous state …

Classic Big Push industrialization envisions state planners coordinating economic activity to
internalize a range of externalities that otherwise lock in a low-income equilibrium, but runs …

Éste libro es el mapa aproximado de la historiografía del Porfiriato; como es evidente, hay
capítulos de esta historia que están muy crecidos (por ejemplo, la economía) y otros más …

In the late nineteenth century, Latin American exports boomed. From Chihuahua to
Patagonia, producers sent industrial fibers, tropical fruits, and staple goods across oceans to …

Mexico's initial industrialization was based on firms that were “grouped”: that is, linked to
other firms through close affiliations with a common bank. Most explanations for the …

Between the years 1941 and 1982, the Mexican banking system experienced
unprecedented growth and remarkably sound management. Historically, however, it was a …