Looking at how Latin American countries have coped with the 1994
Mexican crisis and the earlier debt crisis of the 1980s, this book
reveals the full extent of what has come to be known as the tequila
effect. Written by distinguished economists and financiers from
Latin America, the Caribbean, and the United States, the volume
also examines the social, political, and economic issues associated
with ever-expanding trade and globalization.
The book opens with chapters considering the impact of the
Mexican crisis on Argentina, Colombia, and Venezuela, and it
provides an interesting account of the events leading up to the
crisis itself. In the following section, the contributors examine
issues of economic growth by considering such topics as the need
for a new growth strategy, by comparing the Latin American and
Asian economies, and by looking at the Cuban economy from a trading
partner's perspective. The final section takes an indepth look at
the complex issues of neoliberalist versus neopopulist thinking in
shaping Latin America's economic policies for the 21st century.
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