While most literature focuses on the successes of developed economies or critiques socialist regimes, it often neglects how to adapt capitalism to the specific needs of developing nations. Gabriel Cepaluni's Capitalism and Development explores capitalism's role in driving economic growth and political stability in developing countries. He draws on vivid stories from São Paulo to Seoul to show how thoughtful regulation, rule-of-law safeguards and strategic public investment can steer capitalism toward broad prosperity without smothering innovation. Offering a fresh perspective on adapting principles to meet the unusual challenges of developing economies, he suggests a balanced approach, combining free-market competition with social protection, advocating inclusive capitalism. Examining empirical evidence and theoretical insights on implementing these principles, he addresses global economic inequality, critiques existing literature, and proposes innovative public policies. Contrasting Latin America's struggles with East Asia's successes, Cepaluni provides a compelling guide for democracies that endure and a planet that thrives.

‘Cepaluni’s Fair Market Institutionalism offers a compelling and pragmatic framework for building equitable and resilient capitalist systems. Grounded in rich empirical evidence from Latin America and beyond, this book provides actionable insights and concrete guidance for policymakers working to reconcile market efficiency with democratic inclusion.’

Patricia Justino - Director, United Nations University World Institute for Development Economics Research (UNU-WIDER)

‘This book offers a language to imagine the future. At a time when economic nationalism is on the rise, Cepaluni makes a powerful case for Fair Market Institutionalism (FMI), a careful blend of market competition, strong political institutions, and a commitment to social inclusion. Against the failures of populism and neoliberalism, FMI offers a democratic foundation for human development.’

Anibal Pérez-Liñán - Director, Kellogg Institute, University of Notre Dame