Carol Wise
Biographic Data
| ID | 3654653 |
|---|---|
| NAME | Carol Wise |
| GIVEN NAMES | Carol |
| FAMILY NAME | Wise |
| SIGNATURE | WISE C |
| AFFILIATIONS | Johns Hopkins University |
| ORCID | 0000-0002-6790-2194 |
| VERIFIED | Yes |
| TOTAL WORKS | 31 |
| TOTAL CITATIONS | 146 |
| AUTHOR COUNT | 31 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1986 |
| LATEST PUBLICATION YEAR | 2025 |
| H-INDEX | 7 |
Globalization in Latin America: The Law, Politics and Economics of Preferential Trade Agreements
The approach of Latin American countries to preferential trade agreements (PTAs) is a fascinating topic. There is a rich history of policymakers using PTAs to pursue different economic and political models of integration. What really stands out is the diversity of approaches and attitudes to the use of PTAs. While some countries have been rule-makers and have made innovative attempts to introduce new issues, others have been reluctant to use PTAs…
International Trade Norms in the Age of Covid-19 Nationalism on the Rise
Grand Development Strategy or Simply Grandiose? China's Diffusion of Its Belt & Road Initiative into Central Europe
Since the launching of China's Belt and Road Initiative (BRI) in 2013, Chinese leaders have sought to diffuse this ambitious overseas infrastructure drive into the Central and Eastern European bloc. From the literature on policy diffusion, we refer here to a process whereby a dominant actor (China) has vigorously promoted a particular strand of its own domestic development policy in other emerging economies. Our focus is on the Czech Republic, Hu…
Conceptualizing China–Latin America relations in the twenty-first century: The boom, the bust, and the aftermath
Despite the emergence of a rich literature on the rise of China in Latin America (LAC) since 2000, we are still grappling with this phenomenon. In this article we seek to theorize this expanding South–South relationship from two vantage points. First, from the perspective of China, we argue that, by necessity, the PRC has had to internationalize its development strategy in order to compensate for its serious natural resource deficit, feed the wor…
Slippery Slopes: Globalization, Market Reforms, and Austerity Politics
This essay reviews the following works:The Politics of Market Discipline in Latin America: Globalization and Democracy. By Daniela Campello. New York: Cambridge University Press, 2015. Pp. viii + 239. 70.00 cloth. ISBN: 9781137524836
China and Latin America's Emerging Economies: New Realities amid Old Challenges
As China reached a more mature stage of export‐led development at the turn of the millennium, Chinese demand soared for the very commodities that are highly abundant in Latin America. Prices for copper (Chile), iron ore (Brazil), soybeans (Argentina), fishmeal (Peru), and oil (Argentina and Brazil) reached new historical highs. The result was an average annual growth rate of 5–7% in these Latin American emerging economies from 2003 to 2012, but t…
Playing Both Sides of the Pacific: Latin America's Free Trade Agreements with China
One of the most prominent trends in Latin America in the 2000s has been the proliferation of bilateral free trade agreements (FTAs) across the Pacific basin. Beginning with the path-breaking Chile-Korea FTA in 2004 up to the Costa Rica-Singapore FTA in 2013, the past decade has seen the negotiation of twenty-two cross-Pacific accords. China, too, has jumped on to the cross-Pacific FTA bandwagon, including its negotiation of separate bilateral FTA…
The China Conundrum: Economic Development Strategies Embraced by Small States in South America
The three most prominent trends in South America in the 2000s have been: 1) the rapid expansion of trade and borrowing ties with China; 2) the collapse of both regional and multilateral trade negotiating venues since 2006; and, 3) the quick recovery of most South American countries from the 2008-10 global financial crisis. This paper analyzes the ways in which these three trends have converged and shaped the choice of development strategy in Chil…
El dilema chino: Estrategias de desarrollo económico emprendidas por Estados pequeños en Sudamérica
The three most prominent trends in South America in the 2000s have been: 1) the rapid expansion of trade and borrowing ties with China; 2) the collapse of both regional and multilateral trade negotiating venues since 2006; and, 3) the quick recovery of most South American countries from the 2008-10 global financial crisis. This paper analyzes the ways in which these three trends have converged and shaped the choice of development strategy in Chil…
Economic and Fiscal Policy in Latin America
Economic and Fiscal Policy in Latin America Christina Wagner Faegri (bio) and Carol Wise (bio) Federalism, Fiscal Authority, and Centralization in Latin America. By Alberto Díaz-Cayeros. Cambridge: Cambridge University Press, 2006. Pp. xvii + 277. $86.00 cloth. Does the Investment Climate Matter? Microeconomic Foundations of Growth in Latin America. By Pablo Fajnzylber, J. Luis Guasch, and J. Humberto López. Washington, D.C.: International Bank f…
The Post-Nafta Political Economy: Mexico and the Western Hemisphere
The North American Free Trade Agreement
China's Surge in Latin American Markets: Policy Challenges and Responses
Theories of economic development have yet to fully explain the remarkable ascendance of China in the global economy. From the standpoint of Latin America and the Caribbean (LAC), China's reform trajectory looks nothing like the market‐based policies adopted in varying degrees in the early 1990s. Rather, China's transformation has been a lesson in experimentation with various policy combinations. This raises key questions concerning how the LAC re…
Learning from Foreign Models: Latin American Policy Reform (review)
The Lost Sexenio: Vicente Fox and the New Politics of Economic Reform in Mexico
The 2000 presidential election of opposition candidate Vicente Fox signaled an end to seven decades of Mexico's single-party regime and seemed to herald the advent of truly competitive politics. But by 2003, economic reform had largely stalled, and Fox's party suffered a historically unprecedented midterm loss in the congress. This article analyzes the underpinnings of policy gridlock in the Fox administration. Fox inherited the need for microeco…
Fujimori's Coup and the Breakdown of Democracy in Latin America
Fujimori's Coup and the Breakdown of Democracy in Latin America. By Charles D. Kenney. Notre Dame: University of Notre Dame Press, 2004. 379p. $60.00 cloth, $30.00 paper. In this book on Peruvian politics, Charles Kenney leaves few stones unturned in analyzing the various factors that led to the suspension of the country's constitution and the disbanding of the legislature by President Alberto Fujimori in April 1992. While I am not entirely convi…
The Political Impact of Nafta on Mexico: Reflections on the Political Economy of Democratization
At the time of the decision to negotiate the North American Free Trade Agreement (NAFTA), advocates argued that closer integration with Canada and the United States would have a democratizing influence on Mexico's political regime (Baer and Weintraub, 1994: 174–79; Pastor, 1993: 67). Critics of the deal suggested just the opposite, insisting that NAFTA might perpetuate or even reinvigorate authoritarian rule (Aguilar Zinser, 1993: 203–15; Castañe…
After the Washington Consensus: Restoring Growth and Reform in Latin America
This volume is a successor of sorts to the Institute's 1986 volume Toward Renewed Economic Growth In Latin America. It again presents the work of a group of leading Latin American economists who were asked to think about the nature of the economic policy agenda that the region should be pursuing after the better part of a decade that was punctuated by crises, achieved disappointingly slow growth, and saw no improvement in the region's highly skew…
Introdução: Debates, Desempenho e as Políticas de Escolha Política
Apesar da ampla adoção de reformas de mercado na América Latina na última década, ainda não há consenso sobre o tipo de regime cambial que melhor complementaria um modelo econômico liberal. Embora tenha havido uma mudança distinta de taxas fixas para taxas flutuantes desde a crise do peso mexicano de 1994, a evidência empírica é ambivalente quando se trata de medir o sucesso das políticas em qualquer regime. À luz dessa ambivalência empírica, est…
From Poster Child to Basket Case
Several years ago, during the heyday of Argentina's market restructuring, a prominent local economist was interviewed about the country's long-term prospects. Despite a backdrop of rapidly expanding output and low inflation, he was surprisingly pessimistic. has always been a country with mediocre growth, believing that spectac ular growth and riches are right around the corner, he warned. And when a good year comes, Argentines say, Ah, here comes…
Currency Board da Argentina: Os Laços Que Unem
Como o único país de mercado emergente da América Latina que aderiu firmemente a uma taxa de câmbio fixa por mais de uma década, este artigo examina as compensações econômicas e políticas que a paridade peso-dólar acarretou. Em termos econômicos, o conselho da moeda promoveu claramente a estabilidade macroeconômica e a prudência fiscal. No entanto, a manutenção de um regime de moeda fixa no contexto de fluxos voláteis de capital também contribuiu…
Stabilization and its Discontents: Argentina's Economic Restructuring in the 1990s
Latin America’s Imperiled Progress: The Politics of Second-Generation Reform
Latin America’s Imperiled ProgressThe Politics of Second-Generation Reform Manuel Pastor Jr. (bio) and Carol Wise* (bio) To hear the Washington-based multilaterals tell it, Latin America is on the verge of a “second generation” of market reforms. Although some may doubt whether the first-generation reforms launched roughly a decade ago have matured enough to withstand the aftershocks of the Asian and Russian crises, the idea of a second phase of …
Growth, Debt, and Politics: Economic Adjustment and the Political Performance of Developing Countries
Liberalization and ethnic conflict in Latin America
The origins and sustainability of Mexico's free trade policy
Standard explanations for trade liberalization do not fully account for Mexico's turn toward free trade during the 1980s. To a large extent, the initiative came from within the country. Even many Mexican entrepreneurs whose sectors seem likely to lose from increased competition now support trade liberalization. Four conditions lowered the “political cost-benefit ratio” for policymakers and entrepreneurs. First, Mexico's leaders dispersed implemen…
Latin America’s Imperiled Progress: The Politics of Second-Generation Reform
Latin America’s Imperiled ProgressThe Politics of Second-Generation Reform Manuel Pastor Jr. (bio) and Carol Wise* (bio) To hear the Washington-based multilaterals tell it, Latin America is on the verge of a “second generation” of market reforms. Although some may doubt whether the first-generation reforms launched roughly a decade ago have matured enough to withstand the aftershocks of the Asian and Russian crises, the idea of a second phase of …
State Policy, Distribution and Neoliberal Reform in Mexico
For nearly a decade, Mexico has embraced a neoliberal development model based on liberalisation, privatisation and deregulation. Yet, contrary to longstanding claims in the economic development literature, this strategy has yet to produce the high levels of growth and income gains that policy-makers had projected at the outset of the reforms. This article suggests that the lacklustre response of the Mexican economy represents more than a longer-t…
Conceptualizing China–Latin America relations in the twenty-first century: The boom, the bust, and the aftermath
Despite the emergence of a rich literature on the rise of China in Latin America (LAC) since 2000, we are still grappling with this phenomenon. In this article we seek to theorize this expanding South–South relationship from two vantage points. First, from the perspective of China, we argue that, by necessity, the PRC has had to internationalize its development strategy in order to compensate for its serious natural resource deficit, feed the wor…
Stabilization and its Discontents: Argentina's Economic Restructuring in the 1990s
Fujimori's Coup and the Breakdown of Democracy in Latin America
Fujimori's Coup and the Breakdown of Democracy in Latin America. By Charles D. Kenney. Notre Dame: University of Notre Dame Press, 2004. 379p. $60.00 cloth, $30.00 paper. In this book on Peruvian politics, Charles Kenney leaves few stones unturned in analyzing the various factors that led to the suspension of the country's constitution and the disbanding of the legislature by President Alberto Fujimori in April 1992. While I am not entirely convi…
Liberalization and ethnic conflict in Latin America
The Political Impact of Nafta on Mexico: Reflections on the Political Economy of Democratization
At the time of the decision to negotiate the North American Free Trade Agreement (NAFTA), advocates argued that closer integration with Canada and the United States would have a democratizing influence on Mexico's political regime (Baer and Weintraub, 1994: 174–79; Pastor, 1993: 67). Critics of the deal suggested just the opposite, insisting that NAFTA might perpetuate or even reinvigorate authoritarian rule (Aguilar Zinser, 1993: 203–15; Castañe…
The Lost Sexenio: Vicente Fox and the New Politics of Economic Reform in Mexico
The 2000 presidential election of opposition candidate Vicente Fox signaled an end to seven decades of Mexico's single-party regime and seemed to herald the advent of truly competitive politics. But by 2003, economic reform had largely stalled, and Fox's party suffered a historically unprecedented midterm loss in the congress. This article analyzes the underpinnings of policy gridlock in the Fox administration. Fox inherited the need for microeco…
From Poster Child to Basket Case
Several years ago, during the heyday of Argentina's market restructuring, a prominent local economist was interviewed about the country's long-term prospects. Despite a backdrop of rapidly expanding output and low inflation, he was surprisingly pessimistic. has always been a country with mediocre growth, believing that spectac ular growth and riches are right around the corner, he warned. And when a good year comes, Argentines say, Ah, here comes…
The Politics of Peruvian Economic Reform: Overcoming the Legacies of State-Led Development
On 5 April 1992, Peruvian President Alberto Fujimori dissolved the Congress and suspended all constitutional guarantees, thus rendering Peru the first, among the seven leading countries of Latin America, to initiate a formal break away from the trend toward legally-elected civilian regimes which has been sweeping the region since the early 1980s. Peru's rupture of democratic rule occurred during a wave of domestic violence that evolved from, and …
China's Surge in Latin American Markets: Policy Challenges and Responses
Theories of economic development have yet to fully explain the remarkable ascendance of China in the global economy. From the standpoint of Latin America and the Caribbean (LAC), China's reform trajectory looks nothing like the market‐based policies adopted in varying degrees in the early 1990s. Rather, China's transformation has been a lesson in experimentation with various policy combinations. This raises key questions concerning how the LAC re…
The North American Free Trade Agreement
Slippery Slopes: Globalization, Market Reforms, and Austerity Politics
This essay reviews the following works:The Politics of Market Discipline in Latin America: Globalization and Democracy. By Daniela Campello. New York: Cambridge University Press, 2015. Pp. viii + 239. 70.00 cloth. ISBN: 9781137524836
China and Latin America's Emerging Economies: New Realities amid Old Challenges
As China reached a more mature stage of export‐led development at the turn of the millennium, Chinese demand soared for the very commodities that are highly abundant in Latin America. Prices for copper (Chile), iron ore (Brazil), soybeans (Argentina), fishmeal (Peru), and oil (Argentina and Brazil) reached new historical highs. The result was an average annual growth rate of 5–7% in these Latin American emerging economies from 2003 to 2012, but t…
Playing Both Sides of the Pacific: Latin America's Free Trade Agreements with China
One of the most prominent trends in Latin America in the 2000s has been the proliferation of bilateral free trade agreements (FTAs) across the Pacific basin. Beginning with the path-breaking Chile-Korea FTA in 2004 up to the Costa Rica-Singapore FTA in 2013, the past decade has seen the negotiation of twenty-two cross-Pacific accords. China, too, has jumped on to the cross-Pacific FTA bandwagon, including its negotiation of separate bilateral FTA…
El dilema chino: Estrategias de desarrollo económico emprendidas por Estados pequeños en Sudamérica
The three most prominent trends in South America in the 2000s have been: 1) the rapid expansion of trade and borrowing ties with China; 2) the collapse of both regional and multilateral trade negotiating venues since 2006; and, 3) the quick recovery of most South American countries from the 2008-10 global financial crisis. This paper analyzes the ways in which these three trends have converged and shaped the choice of development strategy in Chil…
Currency Board da Argentina: Os Laços Que Unem
Como o único país de mercado emergente da América Latina que aderiu firmemente a uma taxa de câmbio fixa por mais de uma década, este artigo examina as compensações econômicas e políticas que a paridade peso-dólar acarretou. Em termos econômicos, o conselho da moeda promoveu claramente a estabilidade macroeconômica e a prudência fiscal. No entanto, a manutenção de um regime de moeda fixa no contexto de fluxos voláteis de capital também contribuiu…
The Regional Implications of Public Investment in Peru, 1968–1983
The past fifteen years in Peru have seen dramatic changes in the role of the public sector in the accumulation and distribution of capital. Increasing structural pressures on the economy, combined with growing disillusionment over the distributional results of the prevailing economic liberalism, set the stage for a nationalist military coup in 1968. With the advent of General Juan Velasco Alvarado and his Gobierno Revolucionario de las Fuerzas Ar…
Peruvian Economic Policy in the 1980s: From Orthodoxy to Heterodoxy and Back
Looking back over patterns of economic adjustment and structural reform in Latin America since the debt crisis began in 1982, two broad trends stand out. The first is the dramatic fluctuation in macroeconomic policy between the orthodox programs traditionally advocated by the International Monetary Fund (IMF) and the more interventionist or “heterodox” strategies that marked the policy environment after 1985 (Sheahan 1989). Although the orthodox-…
Award Recipients
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The origins and sustainability of Mexico's free trade policy
Standard explanations for trade liberalization do not fully account for Mexico's turn toward free trade during the 1980s. To a large extent, the initiative came from within the country. Even many Mexican entrepreneurs whose sectors seem likely to lose from increased competition now support trade liberalization. Four conditions lowered the “political cost-benefit ratio” for policymakers and entrepreneurs. First, Mexico's leaders dispersed implemen…
The Politics of Peruvian Economic Reform: Overcoming the Legacies of State-Led Development
On 5 April 1992, Peruvian President Alberto Fujimori dissolved the Congress and suspended all constitutional guarantees, thus rendering Peru the first, among the seven leading countries of Latin America, to initiate a formal break away from the trend toward legally-elected civilian regimes which has been sweeping the region since the early 1980s. Peru's rupture of democratic rule occurred during a wave of domestic violence that evolved from, and …
Liberalization and ethnic conflict in Latin America
State Policy, Distribution and Neoliberal Reform in Mexico
For nearly a decade, Mexico has embraced a neoliberal development model based on liberalisation, privatisation and deregulation. Yet, contrary to longstanding claims in the economic development literature, this strategy has yet to produce the high levels of growth and income gains that policy-makers had projected at the outset of the reforms. This article suggests that the lacklustre response of the Mexican economy represents more than a longer-t…
Growth, Debt, and Politics: Economic Adjustment and the Political Performance of Developing Countries
Stabilization and its Discontents: Argentina's Economic Restructuring in the 1990s
Latin America’s Imperiled Progress: The Politics of Second-Generation Reform
Latin America’s Imperiled ProgressThe Politics of Second-Generation Reform Manuel Pastor Jr. (bio) and Carol Wise* (bio) To hear the Washington-based multilaterals tell it, Latin America is on the verge of a “second generation” of market reforms. Although some may doubt whether the first-generation reforms launched roughly a decade ago have matured enough to withstand the aftershocks of the Asian and Russian crises, the idea of a second phase of …
Introdução: Debates, Desempenho e as Políticas de Escolha Política
Apesar da ampla adoção de reformas de mercado na América Latina na última década, ainda não há consenso sobre o tipo de regime cambial que melhor complementaria um modelo econômico liberal. Embora tenha havido uma mudança distinta de taxas fixas para taxas flutuantes desde a crise do peso mexicano de 1994, a evidência empírica é ambivalente quando se trata de medir o sucesso das políticas em qualquer regime. À luz dessa ambivalência empírica, est…
From Poster Child to Basket Case
Several years ago, during the heyday of Argentina's market restructuring, a prominent local economist was interviewed about the country's long-term prospects. Despite a backdrop of rapidly expanding output and low inflation, he was surprisingly pessimistic. has always been a country with mediocre growth, believing that spectac ular growth and riches are right around the corner, he warned. And when a good year comes, Argentines say, Ah, here comes…
Currency Board da Argentina: Os Laços Que Unem
Como o único país de mercado emergente da América Latina que aderiu firmemente a uma taxa de câmbio fixa por mais de uma década, este artigo examina as compensações econômicas e políticas que a paridade peso-dólar acarretou. Em termos econômicos, o conselho da moeda promoveu claramente a estabilidade macroeconômica e a prudência fiscal. No entanto, a manutenção de um regime de moeda fixa no contexto de fluxos voláteis de capital também contribuiu…
After the Washington Consensus: Restoring Growth and Reform in Latin America
This volume is a successor of sorts to the Institute's 1986 volume Toward Renewed Economic Growth In Latin America. It again presents the work of a group of leading Latin American economists who were asked to think about the nature of the economic policy agenda that the region should be pursuing after the better part of a decade that was punctuated by crises, achieved disappointingly slow growth, and saw no improvement in the region's highly skew…
Fujimori's Coup and the Breakdown of Democracy in Latin America
Fujimori's Coup and the Breakdown of Democracy in Latin America. By Charles D. Kenney. Notre Dame: University of Notre Dame Press, 2004. 379p. $60.00 cloth, $30.00 paper. In this book on Peruvian politics, Charles Kenney leaves few stones unturned in analyzing the various factors that led to the suspension of the country's constitution and the disbanding of the legislature by President Alberto Fujimori in April 1992. While I am not entirely convi…
The Political Impact of Nafta on Mexico: Reflections on the Political Economy of Democratization
At the time of the decision to negotiate the North American Free Trade Agreement (NAFTA), advocates argued that closer integration with Canada and the United States would have a democratizing influence on Mexico's political regime (Baer and Weintraub, 1994: 174–79; Pastor, 1993: 67). Critics of the deal suggested just the opposite, insisting that NAFTA might perpetuate or even reinvigorate authoritarian rule (Aguilar Zinser, 1993: 203–15; Castañe…
The Lost Sexenio: Vicente Fox and the New Politics of Economic Reform in Mexico
The 2000 presidential election of opposition candidate Vicente Fox signaled an end to seven decades of Mexico's single-party regime and seemed to herald the advent of truly competitive politics. But by 2003, economic reform had largely stalled, and Fox's party suffered a historically unprecedented midterm loss in the congress. This article analyzes the underpinnings of policy gridlock in the Fox administration. Fox inherited the need for microeco…
Learning from Foreign Models: Latin American Policy Reform (review)
China's Surge in Latin American Markets: Policy Challenges and Responses
Theories of economic development have yet to fully explain the remarkable ascendance of China in the global economy. From the standpoint of Latin America and the Caribbean (LAC), China's reform trajectory looks nothing like the market‐based policies adopted in varying degrees in the early 1990s. Rather, China's transformation has been a lesson in experimentation with various policy combinations. This raises key questions concerning how the LAC re…
The Post-Nafta Political Economy: Mexico and the Western Hemisphere
The North American Free Trade Agreement
Economic and Fiscal Policy in Latin America
Economic and Fiscal Policy in Latin America Christina Wagner Faegri (bio) and Carol Wise (bio) Federalism, Fiscal Authority, and Centralization in Latin America. By Alberto Díaz-Cayeros. Cambridge: Cambridge University Press, 2006. Pp. xvii + 277. $86.00 cloth. Does the Investment Climate Matter? Microeconomic Foundations of Growth in Latin America. By Pablo Fajnzylber, J. Luis Guasch, and J. Humberto López. Washington, D.C.: International Bank f…
The China Conundrum: Economic Development Strategies Embraced by Small States in South America
The three most prominent trends in South America in the 2000s have been: 1) the rapid expansion of trade and borrowing ties with China; 2) the collapse of both regional and multilateral trade negotiating venues since 2006; and, 3) the quick recovery of most South American countries from the 2008-10 global financial crisis. This paper analyzes the ways in which these three trends have converged and shaped the choice of development strategy in Chil…
El dilema chino: Estrategias de desarrollo económico emprendidas por Estados pequeños en Sudamérica
The three most prominent trends in South America in the 2000s have been: 1) the rapid expansion of trade and borrowing ties with China; 2) the collapse of both regional and multilateral trade negotiating venues since 2006; and, 3) the quick recovery of most South American countries from the 2008-10 global financial crisis. This paper analyzes the ways in which these three trends have converged and shaped the choice of development strategy in Chil…
China and Latin America's Emerging Economies: New Realities amid Old Challenges
As China reached a more mature stage of export‐led development at the turn of the millennium, Chinese demand soared for the very commodities that are highly abundant in Latin America. Prices for copper (Chile), iron ore (Brazil), soybeans (Argentina), fishmeal (Peru), and oil (Argentina and Brazil) reached new historical highs. The result was an average annual growth rate of 5–7% in these Latin American emerging economies from 2003 to 2012, but t…
Political science (29 works) · Economics (28 works) · Politics (20 works) · Latin Americans (16 works) · Law (16 works) · Development economics (15 works) · Political economy (13 works) · Economic Theory and Policy (11 works) · International Development and Aid (10 works) · International trade (10 works)