CEPAL R
www.eclac.org/revista
José Antonio Alonso Oscar Altimir Renato Baumann Luis Beccaria Luis Bértola Luiz Carlos Bresser-Pereira Mario Cimoli John Coatsworth Robert Devlin Carlos De Miguel Ricardo Ffrench-Davis Norman Girvan Daniel Heymann Martín Hopenhayn Akio Hosono Graciela Moguillansky Juan Carlos Moreno-Brid José Antonio Ocampo Carlota Pérez Gert Rosenthal Paul Schreyer Barbara Stallings Andras Uthoff Rob Vos
C
REVIEW
Miguel Torres Technical Editor
Osvaldo Sunkel Chairman
N APRIL • 2011 o
CEPAL REVIEW
André Hofman Director
Editorial Board
APRIL • 2011
C REVIEW
103
103
The growing and changing middle class in Latin America: an update
7
Rolando Franco, Martín Hopenhayn and Arturo León
Wage inequality in Latin America: a decade of changes
27
Dante Contreras and Sebastián Gallegos
Latin America: financial systems and financing of investment. Diagnostics and proposals
45
Luis Felipe Jiménez and Sandra Manuelito
The “China effect” on commodity prices and Latin American export earnings
73
Rhys Jenkins
Latin America: variability and persistence in commodity prices
89
Omar D. Bello, Fernando Cantú and Rodrigo Heresi
Bahamas and Barbados: empirical evidence of interest rate pass-through
115
Daniel O. Boamah, Mahalia N. Jackman and Nlandu Mamingi
MERCOSUR as an export platform for the automotive industry
129
Valeria Arza
Positional inconsistency: a new concept in social stratification
153
Kathya Araujo and Danilo Martuccelli
The Brazilian sugar and alcohol sector: evolution, productive chain and innovations
167
Eduardo Strachman and Gustavo Milan Pupin
Brazil: an empirical study on fiscal policy transmission
187
Tito Belchior Silva Moreira
ECONOMIC COMMISSION FOR LATIN AMERICA AND THE CARIBBEAN
ECONOMIC COMMISSION FOR LATIN AMERICA AND THE CARIBBEAN United Nations Publication • E1000826 • April 2011 • ISSN 0251-2920 • e-ISBN 978-92-1-054804-5 Copyright © United Nations 2011 • Printed in Santiago, Chile
ISSN 0251-2920