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The Economics of Contemporary Latin America (Paperback)
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The Economics of Contemporary Latin America (Paperback)
Series: The Economics of Contemporary Latin America
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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.
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