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Books > History > History of specific subjects > Economic history
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Economic Liberalization, Distribution and Poverty - Latin America in the 1990s (Hardcover, illustrated edition)
Loot Price: R3,677
Discovery Miles 36 770
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Economic Liberalization, Distribution and Poverty - Latin America in the 1990s (Hardcover, illustrated edition)
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Since the late 1980s, almost all Latin American countries have
undergone a series of far-reaching economic reforms, particularly
in the areas of financial and capital account liberalization and
trade. This book provides a comparative and analytical framework
for assessing the impact of these reforms upon 16 countries in
Latin America and the Caribbean, including: Argentina, Brazil,
Chile, Colombia, Ecuador, El Salvador, Mexico, and Peru.The
contributors analyse the complex interaction between macro
policies, trade and financial liberalization. They illustrate that
capital account liberalization in many cases has counteracted
objectives of trade liberalization by provoking real exchange-rate
appreciation and a profit squeeze in tradable goods sectors. The
book concludes that structural shifts resulting from the reform
process - such as greater demand for skilled labour and
labour-saving investments in modern economic sectors - are major
underlying causes of inequality and poverty. The authors ascertain
that although these repercussions are strongly associated with the
process of trade liberalization, in several instances the positive
impact of macroeconomic stabilization and expansion of aggregate
demand on employment and real incomes have counteracted these
negative outcomes. Economic Liberalization, Distribution and
Poverty will be of interest to scholars of economic development,
policymakers in countries undergoing major economic reforms (Latin
America, Africa, Asia and Eastern Europe), economic analysts at
multilateral agencies (UN, IMF, World Bank, regional development
banks, BIS), and international investment agencies including major
banks. The book will also be important to aid agencies and those
interested in a better understanding of the impact of globalization
on the well-being of people across the globe.
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