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Item type:Publication, The environmentalization of mining in Colombia, Chile, and Peru: A comparative analysis of green state formation(Elsevier, 2020-11-26)The environmentalization of mining is similar but different in Colombia, Chile, and Peru, and adopting an embeddedness theory framework helps to explain this. Green state formation diffuses because the international political economy demands so: world society embeds the economy and pushes for environmental rights, which leads to trade rules. However, particular institutional and ecological contexts shape the development of distinct varieties of state greening. In particular, the 1970s and 1990s junctures were windows of opportunity for diverse green state formation processes, conditioned by their respective national contexts: there was an early start with decentralized features in Colombia, a late beginning and constrained state formation in Chile, and very late and mostly legal progress in Peru. Environmentalization is highly idiosyncratic, characterized by policy and law progressivism in Colombia, neoliberal technocraticism in Chile, and lawmaking with the lowest bureaucratic autonomy in Peru. Mining being so powerful, its environmental impacts so complex, and green state formation so restricted or minimal, the environmentalization of mining appears formal and discursive for the most part, especially in Peru's weak state. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, A South-South perspective on emerging economy companies and institutional coevolution: An empirical study of Chinese multinationals in Africa(Elsevier, 2020-05-10)In this paper, we show how international tenders act as defining moments in building asymmetric coevolution-based mechanisms between Chinese multinational enterprises and local institutions in developing African countries. We used a case study methodology to explore how three Chinese multinationals – Citic, Sinopec, and Chinalco – developed non-market relations with the institutions of three African countries, namely, Algeria, Gabon and the Republic of Guinea, both during and after the submission of international tenders, to win strategic contracts and securely embed the company in question within the target host country. We found that Chinese companies not only submit tenders, but also develop multiple kinds of alliances in order to influence local institutions over the long term, transplant new business practices and standards, and expand in an unparalleled way, with host-country institutions and Chinese MNEs acting as partners in the new ecosystem. Based on our findings, we propose a model which highlights the specific mechanisms through which successful coevolution processes emerge and prosper between Chinese multinationals and developing country institutions. This study contributes to the international management literature by extending the field of institutional theory to co-evolutionism in international business. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Do institutions mitigate the uncertainty effect on sovereign credit ratings?(Pontificia Universidad Católica del Perú. Departamento de Economía, 2022-07)In a more integrated economic and financial world, sovereign credit ratings have become one of the most important factors for countries that seek to access funds in the international bond market. First, we jointly analyzed institutions and uncertainty as determinants of sovereign credit ratings, and second, we tested whether strong institutions soften the impact of uncertainty. Using a sample of 74 countries from 2003 to 2020 for the major agencies Moody’s, Standard & Poor’s, and Fitch, and employing an ordered estimator approach, we find that institutions have a positive effect, whereas uncertainty has a negative effect, and the interaction between them is systematically negative. These results indicate that strong institutions reduce the negative effect of uncertainty on sovereign credit ratings. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, One and three forests: understanding institutional diversity in Amazonian protected areas(Elsevier, 2021-12-01)We offer an ethnographic account of how forest conservation is diversely assembled at the contiguous Tambopata National Reserve and Bahuaja Sonene National Park, biodiversity hotspots in the southern Peruvian Amazon. In so doing, and revising Elinor Ostrom and collaborators' Institutional Analysis and Development (IAD) Framework, we put together a theory framework of forest institutional change, informed by assemblage perspectives. Given the context of high world society interest in the Amazon and low spatial reach of the Peruvian state, charismatic wildlife watching and scientific investigation, Brazil nuts harvest, and gold mining shape the customizing of conservation assemblages. Institutional change is the result of how Peruvian State and diverse local groups adapt, resist and reconfigure through the ongoing practices of assemblage, which are pulled by conservation and commodification forces. Responding to the IAD framework, we propose institutional diversity fundamentally means that practices of assemblage are neither uniform, nor static. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, From paper institutions to bureaucratic autonomy: institutional change as a resource curse remedy(Elsevier, 2021-07-01)Over the last three decades, drawn by international influence and local discontent, mineral-dependent Peru has progressed in the acquisition of environmental protection regulations and policies for its mining industry. However, for regulations and policy announcements to matter, in face of power asymmetries and economic dependence, there must be bureaucratic autonomy. The cases of Hualgayoc and Pasco, scenarios of long and distinct processes of environmental damage and contention regarding mining in the Peruvian Andes, show fairly limited progress in environmental protection. This study on institutional change begins at the 1990s domestic-neoliberalism-meets-global-environmentalism juncture. The triumphant policy ideology of liberal boosting of the economy structured newborn environmental functions of the state for its mining industry. We show that pressures from above —the greened international political economy— and below —grassroots activism and protest— are contextual conditions enabling formal institutional change: they compel a resource-dependent developing country to carry out institutional reform to protect the environment from extractive industries. However, accretion of formal rules does not bring on their own bureaucratic autonomy for environmental protection. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Toughest challenge of economics: human society isn't immortal(Springer International Publishing, 2021-09-16)Economics needs new foundations for the Anthropocene age, in which the human society confronts the risk of its collapse. The unified theory of capitalism, by internalizing the ecosystem into the economic process, has proposed such foundations. This essay summarizes the foundations of the unified theory and the way it explains the risk of collapse of human society. Economic growth is seen as an evolutionary process, for there are limits to its reproduction. In particular, the growth process leads to the disruption of the ecological equilibrium, which in turn implies a collapse of the human society, as we know it. Then the essay presents the policy implications of unified theory for the Anthropocene age and shows that the power elites have no incentives to apply such policies. Therefore, the new public policies would require meta-policies, namely, policies to change the current power structure of capitalism so that the pro-growth policies that power elites promote can be changed. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, The role of the industry's cultural-cognitive elements on actors' intention to adopt BIM: an empirical study in Peru(Emerald, 2021-12-03)The current understanding of building information modelling (BIM) adoption often neglects the industry context in which BIM is deployed. This is particularly problematic when policymakers are planning to enact top-down policies to promote BIM adoption in public-funded construction. Therefore, the aim of this study is to establish the industry-level factors that constraint or enable actors' intention to adopt BIM. Design/methodology/approach Using institutional theory with an emphasis on the cultural-cognitive elements, the authors aim to complement the understanding of BIM adoption by incorporating institutional elements into the unified theory of acceptance and use of technology (UTAUT). The cultural-cognitive elements were extracted from focus groups and interviews with architecture, construction and engineering (AEC) professionals in Peru. A modified UTAUT was empirically tested using confirmatory factor analysis (CFA) and structural equation modelling (SEM) with a dataset from 171 questionnaire responses. Findings The industry characteristics, standardisation, affordability and technology/methodology definition of BIM were found to be the cultural-cognitive elements having direct effects on individual reactions to BIM. These findings suggest that BIM adoption policies should focus on designing incentives schemes, training/educating professionals on BIM collaborative processes and developing/adapting applicable standards. However, a BIM adoption mandate would require policymakers to create collaborative procurement environments in tandem with information management and process standards. Practical implications Findings can be used by policymakers to significantly promote BIM adoption in contexts without a government mandate for public sector construction. Originality/value The study of institutional elements on BIM adoption is still limited. This study provides empirical evidence on how the cultural-cognitive elements of the industry context are associated with actors' intention to adopt BIM. Therefore, this study bridges industry and individual levels of analysis. Furthermore, this study enables policymakers to initiate actions that significantly encourage BIM adoption. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, A cracked public administration in Peru: How “Vacunagate” has shaken the foundations of an already damaged society(EAFIT University, 2022-12-12)While crises are ubiquitous in Latin America, due to its geographical characteristics as well as its turbulent business environment, countries such as Peru have also extreme rates of corruption and deep institutional weakness. These factors, taken together, undermine any attempt of national governments or society’s collective efforts towards achieving sustainability. This paper aims to analyze the “Vacunagate” scandal that occurred in Peru during the first negotiations of the vaccination process against COVID-19, using a case study method, and focusing our discussion from the Agency Theory as well as from leadership and institutional perspectives. The results of the analysis emphasize how the “Vacunagate” event generated relevant constraints towards the achievement of the SDG 16, and its specific targets related to provide justice for all, deal with organized crime, reduce corruption, and create accountable institutions. In addition, the study provides insights and implications for organizations in Peru that would have to operate under a turbulent business environment, considering a business-as-usual corruption and a weak institutional context. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Economic growth and the foreign sector: Peru 1821–2020(Oxford University Press, 2024-11-01)Thirlwall Model shows evidence in Latin American countries, as well as for the Peruvian economy, with an economic growth rate of balance of payments equilibrium, which is explained by causal variables that present a long-term cointegration relationship. These variables are exports with little added value, imports that reinforce technological dependence, external income, relative prices or the real exchange rate, the institutions, and the volatility of exports. Investment policies are prescribed in innovative, physical, financial, natural, and social human capital that tend to reduce the restriction of foreign exchange, technological dependence and the international market. Therefore, endogenous, dynamic, sustained, inclusive economic growth is generated, low in carbon as a means for sustainable human development, within the framework of a new growth and development strategy that involves balancing the participation of the market, state and civil society. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Rules, institutions and policy capacity: A comparative analysis of lithium-based development in Argentina, Bolivia and Chile(Elsevier BV, 2024-09-17)We carry out a comparative institutional analysis of lithium development in neighboring Argentina, Bolivia and Chile, which together hold over 50 % of world lithium reserves. The comparison reveals that lithium institutional development is subject to lon...