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Dependency and Development in Latin America (Paperback)
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Dependency and Development in Latin America (Paperback)
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At the end of World War II, several Latin American countries seemed
to be ready for industrialization and self-sustaining economic
growth. Instead, they found that they had exchanged old forms of
political and economic dependence for a new kind of dependency on
the international capitalism of multinational corporations. In the
much-acclaimed original Spanish edition ("Dependencia y Desarrollo
en America Latina") and now in the expanded and revised English
version, Cardoso and Faletto offer a sophisticated analysis of the
economic development of Latin America. The economic dependency of
Latin America stems not merely from the domination of the world
market over internal national and 'enclave' economies, but also
from the much more complex interact ion of economic drives,
political structures, social movements, and historically
conditioned alliances. While heeding the unique histories of
individual nations, the authors discern four general stages in
Latin America's economic development: the early outward expansion
of newly independent nations, the political emergence of the middle
sector, the formation of internal markets in response to population
growth, and the new dependence on international markets. In a
postscript for this edition, Cardoso and Faletto examine the
political, social and economic changes of the past ten years in
light of their original hypotheses.
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