How can we determine which economic model best provides for
economic development and social welfare? In this major comparative
work, noted economist Carmelo Mesa-Lago analyzes three Latin
American countries with divergent economic systems: Chile (a market
economy), Cuba (socialist), and Costa Rica (mixed). He examines
their economic and social policies, shows how these policies affect
performance based on a set of socioeconomic variables, and ranks
the countries among themselves (using new techniques) and in
comparison with international indicators. The time frame of the
study embraces thirty-eight years for Costa Rica (under the
democratic social democracy) and Cuba (under the socialist
revolution) and twenty-four years for Chile (under Pinochet and the
return to democracy). Mesa-Lago focuses on the three diverse
socioeconomic models that these countries represent during these
periods.
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