Observatoire politique de l’Amérique latine et des Caraïbes de Sciences Po

Amérique latine - L’Année politique is a publication by CERI-Sciences Po’s Political Observatory of Latin America and the Caribbean (OPALC). The study extends the work presented on the Observatory’s website (www.sciencespo.fr/opalc) by offering tools for understanding a continent that is in the grip of deep transformations.

One of the most striking phenomena of China’s recent history is the singular life trajectory of the generation born in large metropolises between the end of the 1940s and the early 1950s. After having endured with full force their country’s upheavals and ruptures after 1949, the people of this generation occupy dominant positions in most sectors of social life today. Yet despite its importance, the history of this generation—who contributed to build what China is today—has not triggered much academic research. The seven life stories presented in this study provide information and a testimony that help understand how these people elaborate a discourse on their personal experience. Analysing this discourse makes it possible to grasp the connections between individual life paths and events as well as social determinations.

Business and politics in India have been closely connected since the colonial era, when entrepreneurs financed politicians who, in exchange, spared them some of the bureaucratic red tape. This proximity has endured after independence, even if Nehru’s official socialism subjected it to some constraints. Far from mitigating corruption, economic liberalization during the 1990s actually amplified it when large investors, attracted by the opening of the Indian market, paid huge bribes to political leaders, who often became businessmen themselves and forced public banks to lend to industrialists close to them, while businessmen were elected to Parliament, increasing insider trading. As it is observed in the modern era under Narendra Modi, be it at the national level and in his state of Gujarat, crony capitalism is well illustrated by Modi’s relationship to Gautam Adani, the rising star of Indian business. Crony capitalism has a financial cost (due to the under-taxation of companies and dubious debts on the banks’ balance sheets), a social cost (due to underpaid work and a reduction of the expenditure of education or health for lack of fiscal resources) and the environment (crony capitalists disregarding the most basic standards).