{"title":"The Shining Path: Love, Madness, and Revolution in the Andes by Starn Orin and Miguel La Serna (review)","authors":"J. Sherman","doi":"10.1353/gss.2021.0043","DOIUrl":"https://doi.org/10.1353/gss.2021.0043","url":null,"abstract":"","PeriodicalId":37496,"journal":{"name":"Journal of Global South Studies","volume":"38 1","pages":"419 - 421"},"PeriodicalIF":0.0,"publicationDate":"2021-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42866005","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"When the Sky Fell: Hurricane Maria and the United States in Puerto Rico by Michael Deibert (review)","authors":"Johnathan Robles","doi":"10.1353/gss.2021.0040","DOIUrl":"https://doi.org/10.1353/gss.2021.0040","url":null,"abstract":"","PeriodicalId":37496,"journal":{"name":"Journal of Global South Studies","volume":"38 1","pages":"413 - 415"},"PeriodicalIF":0.0,"publicationDate":"2021-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47519597","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Rock/Water/Life: Ecology and Humanities for a Decolonial South Africa by Lesley Green (review)","authors":"Cathy Skidmore-Hess","doi":"10.1353/gss.2021.0037","DOIUrl":"https://doi.org/10.1353/gss.2021.0037","url":null,"abstract":"","PeriodicalId":37496,"journal":{"name":"Journal of Global South Studies","volume":"38 1","pages":"405 - 407"},"PeriodicalIF":0.0,"publicationDate":"2021-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46153548","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract:The objective of this paper is to understand what sovereign and country risk ratings actually measure. These ratings were created by key financial agencies to serve as a way of guiding a significant part of investment in developing nations. Theoretically, this project deals with one of the key debates in the social sciences: Are markets rational and efficient, or does uncertainty lead to the adoption of certain measures and policies because they are culturally and politically legitimate? To answer this question, this paper employs quantitative analyses, looking at both the factors that lead a country to be rated and what drives the ratings themselves. More specifically, I use different statistical techniques to show that the risk ratings are not driven solely by market factors but rather measure compliance with the existing neoliberal paradigm, such as financial deregulation and privatization. They are measures of compliance with the existing policy paradigm and fail to adequately capture investment risk. As such, they play a key role in the adoption of neoliberal policies even in the face of financial crises worldwide, especially in the Global South, as is the case with Latin America studied here.
{"title":"Sovereign Risk Ratings in Latin America: Measures of Economic Conditions or Policy Paradigm Compliance?","authors":"Diogo Pinheiro","doi":"10.1353/gss.2021.0032","DOIUrl":"https://doi.org/10.1353/gss.2021.0032","url":null,"abstract":"Abstract:The objective of this paper is to understand what sovereign and country risk ratings actually measure. These ratings were created by key financial agencies to serve as a way of guiding a significant part of investment in developing nations. Theoretically, this project deals with one of the key debates in the social sciences: Are markets rational and efficient, or does uncertainty lead to the adoption of certain measures and policies because they are culturally and politically legitimate? To answer this question, this paper employs quantitative analyses, looking at both the factors that lead a country to be rated and what drives the ratings themselves. More specifically, I use different statistical techniques to show that the risk ratings are not driven solely by market factors but rather measure compliance with the existing neoliberal paradigm, such as financial deregulation and privatization. They are measures of compliance with the existing policy paradigm and fail to adequately capture investment risk. As such, they play a key role in the adoption of neoliberal policies even in the face of financial crises worldwide, especially in the Global South, as is the case with Latin America studied here.","PeriodicalId":37496,"journal":{"name":"Journal of Global South Studies","volume":"38 1","pages":"343 - 373"},"PeriodicalIF":0.0,"publicationDate":"2021-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46176314","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Semi-Civilized: The Moro Village at the Louisiana Purchase Exposition by Michael C. Hawkins (review)","authors":"Paul A. Rodell","doi":"10.1353/gss.2021.0044","DOIUrl":"https://doi.org/10.1353/gss.2021.0044","url":null,"abstract":"","PeriodicalId":37496,"journal":{"name":"Journal of Global South Studies","volume":"38 1","pages":"421 - 423"},"PeriodicalIF":0.0,"publicationDate":"2021-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47664316","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The African Roots of Marijuana by Chris S. Duvall (review)","authors":"Sitinga Kachipande","doi":"10.1353/gss.2021.0036","DOIUrl":"https://doi.org/10.1353/gss.2021.0036","url":null,"abstract":"","PeriodicalId":37496,"journal":{"name":"Journal of Global South Studies","volume":"38 1","pages":"403 - 405"},"PeriodicalIF":0.0,"publicationDate":"2021-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48487991","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A Small Door Set in Concrete: One Woman's Story of Challenging Borders in Israel/Palestine by Ilana Hammerman (review)","authors":"Lina Tuschling","doi":"10.1353/gss.2021.0049","DOIUrl":"https://doi.org/10.1353/gss.2021.0049","url":null,"abstract":"","PeriodicalId":37496,"journal":{"name":"Journal of Global South Studies","volume":"38 1","pages":"433 - 435"},"PeriodicalIF":0.0,"publicationDate":"2021-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43000459","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract:For more than four decades, foreign aid has shaped Bolivia's political economy. This paper shows that the Andean country went through two paradigmatic stages: first, the neoliberal stage, characterized by high-aid financial dependence and strong political conditionalities; and second, the post-neoliberal stage, where aid dependence and conditionality were substituted by commodity revenues exuberance. This pendular relationship between Bolivia and foreign aid has been determined by its fiscal position, mainly linked to the volatility of commodity export prices. When prices were high and its fiscal position was strong, foreign aid exerted a limited influence. However, when prices were low and its fiscal position weakened, foreign aid gained influence, especially through financial aid conditionalities. These stages of fiscal vulnerability were seized by international powers, through foreign aid, as windows of opportunity to enhance their geopolitical agendas in the country and the region.
{"title":"The Influence of Foreign Aid in Bolivia: Geopolitics of Aid-Commodity Substitution in Historical Perspective","authors":"Fernando de la Cruz Prego","doi":"10.1353/gss.2021.0033","DOIUrl":"https://doi.org/10.1353/gss.2021.0033","url":null,"abstract":"Abstract:For more than four decades, foreign aid has shaped Bolivia's political economy. This paper shows that the Andean country went through two paradigmatic stages: first, the neoliberal stage, characterized by high-aid financial dependence and strong political conditionalities; and second, the post-neoliberal stage, where aid dependence and conditionality were substituted by commodity revenues exuberance. This pendular relationship between Bolivia and foreign aid has been determined by its fiscal position, mainly linked to the volatility of commodity export prices. When prices were high and its fiscal position was strong, foreign aid exerted a limited influence. However, when prices were low and its fiscal position weakened, foreign aid gained influence, especially through financial aid conditionalities. These stages of fiscal vulnerability were seized by international powers, through foreign aid, as windows of opportunity to enhance their geopolitical agendas in the country and the region.","PeriodicalId":37496,"journal":{"name":"Journal of Global South Studies","volume":"38 1","pages":"374 - 396"},"PeriodicalIF":0.0,"publicationDate":"2021-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49355896","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Mongolia's Economic Prospects: Resource-Rich and Landlocked between Two Giants by Matthias Helble et al. (review)","authors":"R. Curry","doi":"10.1353/gss.2021.0045","DOIUrl":"https://doi.org/10.1353/gss.2021.0045","url":null,"abstract":"","PeriodicalId":37496,"journal":{"name":"Journal of Global South Studies","volume":"38 1","pages":"423 - 425"},"PeriodicalIF":0.0,"publicationDate":"2021-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45546527","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A Message from the Editor: Remembering Not to Forget the Global South","authors":"R. Alexander","doi":"10.1353/gss.2021.0028","DOIUrl":"https://doi.org/10.1353/gss.2021.0028","url":null,"abstract":"","PeriodicalId":37496,"journal":{"name":"Journal of Global South Studies","volume":"38 1","pages":"xi - xiii"},"PeriodicalIF":0.0,"publicationDate":"2021-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45758963","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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