In this major work an economist with long experience as an advisor
in developing countries explores the conflict between market forces
and political reform that has led straight into Latin America's
most serious problems. John Sheahan addresses three central
concerns: the persistence of poverty in Latin American countries
despite rising national incomes, the connection between economic
troubles and political repression, and the relationships between
Latin America and the rest of the world in trade and finance, as
well as overall dependence. His comprehensive explanation of why
many Latin Americans identify open political systems with
frustration and economic breakdown will interest not only
economists but also a broad range of other social scientists. This
is "political economy" in the classical sense of the word,
establishing a clear connection between the political and economic
realities of Latin America.
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