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This book argues that Latin America has a distinctive, enduring form of hierarchical capitalism characterized by multinational corporations, diversified business groups, low skills and segmented labor markets. It is intended to open a new debate on the nature of capitalism in Latin America and link that discussion to related research on comparative capitalism in other parts of the world.
Schneider's book is the first systematically comparative and historical analysis of the incorporation of business into politics in Latin America. It examines business organizing and political activity over the last century, considering why business ended up better organized in Chile, Colombia, and Mexico than in Argentina and Brazil.
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