Synopses & Reviews
The Economic History of Latin America seeks to explain why, despite the region's abundance of natural resources and a favourable ratio of land to labour, not a single republic of Latin America has achieved the status of a developed country after nearly two centuries free from colonial rule. Taking its narrative from the end of the colonial epoch to the early 1990s, this book provides a comprehensive, balanced portrait of the factors affecting economic progress in Latin America. This book explains the successes and failures of export-led growth in the nineteenth century, and the withdrawal, after the depression of 1929, of many countries into a model of import-substitution industrialization. The debt crisis of the 1980s effectively ended hopes for the inward-looking approach, however, and the author examines the routes through which Latin American republics pursued a new version of export-led growth.
Synopsis
\[I\]The Economic History of Latin America Since Independence\[/I\] tells the story of promise not fulfilled. Despite the region's abundance of natural resources and a favorable ratio of land to labor, not a single republic of Latin America has achieved the status of a developed country after nearly two centuries free from colonial rule. Taking its narrative from the end of the colonial epoch to the early 1980s, this book provides a comprehensive, balanced portrait of the factors affecting economic progress in Latin America.
Synopsis
This book provides a comprehensive, balanced portrait of the factors affecting economic progress in Latin America.
Table of Contents
1. Latin American economic development: an overview; 2. The struggle for national identity - from independence to mid-century; 3. The export sector and the world economy: c. 1850-1914; 4. Export-led growth - the supply side; 5. Export-led growth and the non-export economy; 6. World War I and its aftermath; 7. Policy, performance and structural change in the 1930s; 8. War and the new international economic order; 9. Inward-looking development in the postwar period; 10. New trade strategies and debt-led growth; 11. Debt, adjustment and recovery.