The principal themes pursued in this book emerge from the great transformation that the Latin American and the Caribbean economies experienced in the aftermath of both the foreign debt crisis of 1982 and the macroeconomic stabilisation policies that vividly and painfully produced the so-called "lost decade" of the 1980s. Latin America implemented an economic liberalisation process during the late 1980s and the 1990s. The main policy reforms involved in that course can be summarized as privatization of state owned firms, trade openness, deregulation of the foreign direct investment (FDI) regime and fiscal discipline. Latin American countries have also embarked in regional trade agreements, the most important ones being Mercosur and the North American Free trade Agreement (NAFTA). This book compares results from the experience of North-South and South-South moulds of integration. Thus, the impacts of these policies on growth, development, technological progress, poverty and inequality are analysed. Orthodox and heterodox economic policies and theories are discussed along with relevant empirical evidence with a view to assess, on the one hand, the relative merits of the various policy reforms applied by different countries in the region, and on the other, the experience of integration into the global economy. There are thirteen chapters in this collection linked in varying ways to the series of economic reforms introduced in the region in the last decades. The book will be of interest to academics, researchers, students and policymakers interested in the study of economic development in emerging economies and in particular in Latin America.
This book provides an assessment of Latin American 20th century economic performance from a comparative and historical perspective. The author uses growth accounting methods and previously unavailable long-term series data...
This book will be valuable reading to postgraduates and researchers specialising in the area of development studies including within economics, international relations, political science and sociology.
How and why democratic governments in Latin America have implemented neoliberal developmental policies such as freeing exchange rates, privatizing state-owned companies, reducing governmental budget deficits through reduction in size of...
This book explores the process of economic liberalisation in Latin America and revises the transition from the import substitution industrialisation model to market-oriented reforms.
Forrest Colburn and Arturo Cruz suggest how fundamental these questions are through an exploration of the evolution of Guatemala, El Salvador, Honduras, Nicaragua, and Costa Rica over the last quarter of a century, a period of intriguing, ...
A comprehensive and accessible overview of the economic history of Latin America over the two centuries since Independence.
In this volume, the authors reflect on the question “what is socialism” as it pertains to today’s economy. There is particular emphasis on democratic socialism models as a potential alternative to classic authoritarian socialism.
This volume examines the ways in which the socio-economic elites of the region have transformed and expanded the material bases of their power from the inception of neo-liberal policies in the 1970s through to the so-called progressive ...
This study analyzes the overseas effect of the market force of US foreign policy toward China. Gordon Cheung puts forward the idea of "augmented market liberalism", arguing that the US was instrumental in making China a market economy.
Lindsey, L. B. (1998) 'Testimony before the Subcommittee on Oversight of the Committee on Banking and Financial Services, ... Lister, R. (1997) Citizenship: Feminist Perspectives, New York: New York University Press.