The Economics of Contemporary Latin America

The Economics of Contemporary Latin America
Author: Beatriz Armendariz
Publisher: MIT Press
Total Pages: 461
Release: 2017-05-05
Genre: Political Science
ISBN: 0262337878

Analysis of Latin America's economy focusing on development, covering the colonial roots of inequality, boom and bust cycles, labor markets, and fiscal and monetary policy. Latin America is richly endowed with natural resources, fertile land, and vibrant cultures. Yet the region remains much poorer than its neighbors to the north. Most Latin American countries have not achieved standards of living and stable institutions comparable to those found in developed countries, have experienced repeated boom-bust cycles, and remain heavily reliant on primary commodities. This book studies the historical roots of Latin America's contemporary economic and social development, focusing on poverty and income inequality dating back to colonial times. It addresses today's legacies of the market-friendly reforms that took hold in the 1980s and 1990s by examining successful stabilizations and homemade monetary and fiscal institutional reforms. It offers a detailed analysis of trade and financial liberalization, twenty–first century-growth, and the decline in poverty and income inequality. Finally, the book offers an overall analysis of inclusive growth policies for development—including gender issues and the informal sector—and the challenges that lie ahead for the region, with special attention to pressing demands by the vibrant and vocal middle class, youth unemployment, and indigenous populations.

The Economic Development of Latin America in the Twentieth Century

The Economic Development of Latin America in the Twentieth Century
Author: André A. Hofman
Publisher: Edward Elgar Publishing
Total Pages: 344
Release: 2000
Genre: Business & Economics
ISBN:

Hofman, a researcher with the Chile-based Economic Commission for Latin America and the Caribbean, uses growth accounting methods and previously unavailable long-term series data to assess the economic performance of the region during the century from a comparative and historical perspective. In particular he compares Latin American economies to those of advanced capitalist economies, to newly industrialized economies, and to Spain and Portugal because of the historical ties. He looks at the reasons for the poor or negative growth during the 1980s and the apparent recovery in the 1990s and at such problems as debt, income inequality, high inflation, cyclical instability, and political and policy instability. Annotation copyrighted by Book News, Inc., Portland, OR

The Oxford Handbook of Industrial Policy

The Oxford Handbook of Industrial Policy
Author: Arkebe Oqubay
Publisher: Oxford University Press, USA
Total Pages: 981
Release: 2020-10-19
Genre: Business & Economics
ISBN: 0198862423

Industrial policy has long been regarded as a strategy to encourage sector-, industry-, or economy-wide development by the state. It has been central to competitiveness, catching up, and structural change in both advanced and developing countries. It has also been one of the most contested perspectives, reflecting ideologically inflected debates and shifts in prevailing ideas. There has lately been a renewed interest in industrial policy in academic circles and international policy dialogues, prompted by the weak outcomes of policies pursued by many developing countries under the direction of the Washington Consensus (and its descendants), the slow economic recovery of many advanced economies after the 2008 global financial crisis, and mounting anxieties about the national consequences of globalization. The Oxford Handbook of Industrial Policy presents a comprehensive review of and a novel approach to the conceptual and theoretical foundations of industrial policy. The Handbook also presents analytical perspectives on how industrial policy connects to broader issues of development strategy, macro-economic policies, infrastructure development, human capital, and political economy. By combining historical and theoretical perspectives, and integrating conceptual issues with empirical evidence drawn from advanced, emerging, and developing countries, The Handbook offers valuable lessons and policy insights to policymakers, practitioners and researchers on developing productive transformation, technological capabilities, and international competitiveness. It addresses pressing issues including climate change, the gendered dimensions of industrial policy, global governance, and technical change. Written by leading international thinkers on the subject, the volume pulls together different perspectives and schools of thought from neo-classical to structuralist development economists to discuss and highlight the adaptation of industrial policy in an ever-changing socio-economic and political landscape.

The Macroeconomics of Populism in Latin America

The Macroeconomics of Populism in Latin America
Author: Rudiger Dornbusch
Publisher: University of Chicago Press
Total Pages: 416
Release: 2007-12-01
Genre: Business & Economics
ISBN: 0226158489

Again and again, Latin America has seen the populist scenario played to an unfortunate end. Upon gaining power, populist governments attempt to revive the economy through massive spending. After an initial recovery, inflation reemerges and the government responds with wage an price controls. Shortages, overvaluation, burgeoning deficits, and capital flight soon precipitate economic crisis, with a subsequent collapse of the populist regime. The lessons of this experience are especially valuable for countries in Eastern Europe, as they face major political and economic decisions. Economists and political scientists from the United States and Latin America detail in this volume how and why such programs go wrong and what leads policymakers to repeatedly adopt these policies despite a history of failure. Authors examine this pattern in Argentina, Brazil, Chile, Mexico, Nicaragua, and Peru—and show how Colombia managed to avoid it. Despite differences in how each country implemented its policies, the macroeconomic consequences were remarkably similar. Scholars of Latin America will find this work a valuable resource, offering a distinctive macroeconomic perspective on the continuing controversy over the dynamics of populism.

Latin American Economic Outlook 2021 Working Together for a Better Recovery

Latin American Economic Outlook 2021 Working Together for a Better Recovery
Author: OECD
Publisher: OECD Publishing
Total Pages: 274
Release: 2021-12-02
Genre:
ISBN: 9264682317

The Latin American Economic Outlook 2021: Working Together for a Better Recovery aims to analyse and provide policy recommendations for a strong, inclusive and environmentally sustainable recovery in the region. The report explores policy actions to improve social protection mechanisms and increase social inclusion, foster regional integration and strengthen industrial strategies, and rethink the social contract to restore trust and empower citizens at all stages of the policy‐making process.

Latin America in the 1930s

Latin America in the 1930s
Author: Rosemary Thorp
Publisher: Springer
Total Pages: 356
Release: 1984-09-20
Genre: History
ISBN: 1349175544

This is the new edition of the highly acclaimed Latin America in the 1930s , a text which has proved invaluable for teachers, researchers and students alike. The second edition has been revised and updated, including a new preface and updated statistical material, to form the second volume in An Economic History of Twentieth-Century Latin America . This book confronts the puzzle of Latin America's rapid recovery from the collapse in world markets and capital flows in the late 1920s. It shows how far the safety valves which made recovery possible in the 1930s were not available fifty years later. It documents the impact of crisis on the changing role of the state and on institutional development. The Central American case studies have been updated with significantly improved data.

Central Banking in Latin America

Central Banking in Latin America
Author: Mr.Luis Ignacio Jácome
Publisher: International Monetary Fund
Total Pages: 57
Release: 2015-03-17
Genre: Business & Economics
ISBN: 1484303180

This paper provides a brief historical journey of central banking in Latin America to shed light on the debate about monetary policy in the post-global financial crisis period. The paper distinguishes three periods in Latin America’s central bank history: the early years, when central banks endorsed the gold standard and coped with the collapse of this monetary system; a second period, in which central banks turned into development banks under the aegis of governments at the expense of increasing inflation; and the “golden years,” when central banks succeeded in preserving price stability in an environment of political independence. The paper concludes by cautioning against overburdening central banks in Latin America with multiple mandates as this could end up undermining their hard-won monetary policy credibility.

Progress, Poverty and Exclusion

Progress, Poverty and Exclusion
Author: Rosemary Thorp
Publisher: IDB
Total Pages: 390
Release: 1998
Genre: Business & Economics
ISBN: 9781886938359

A comprehensive Statistical Appendix provides regional and country-by-country data in such areas as GDP, manufacturing, sector productivity, prices, trade, income distribution and living standards."--BOOK JACKET.