Vanishing Growth in Latin America: The Late Twentieth Century Experience

Vanishing Growth in Latin America: The Late Twentieth Century Experience
ISBN-10
1845428226
ISBN-13
9781845428228
Category
Business & Economics
Pages
272
Language
English
Published
2006-01-01
Publisher
Edward Elgar Publishing
Author
Andrés Solimano

Description

Economic growth in Latin America and the rise of material welfare has lagged behind that of more dynamic areas of the world economy. In a region prone to policy experiments, the policies of the Washington Consensus applied since the 1990s failed to bring sustained growth to most of Latin America. Andres Solimano and an impressive set of contributors analyze the last 40 years in order to determine the role of economic reforms, external conditions, factor accumulation, income inequality, political instability and productivity in explaining GDP increases. The book also looks at cycles of growth, identifying periods of rapid growth and contrasting them with periods of stagnation and collapse.

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