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The Macroeconomics of Populism in Latin America (Paperback, 2nd ed.)
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The Macroeconomics of Populism in Latin America (Paperback, 2nd ed.)
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Again and again, Latin America has seen the populist scenario
played to an unfortunate end. Upon gaining power, populist
governments attempt to revive the economy through massive spending.
After an initial recovery, inflation reemerges and the government
responds with wage an price controls. Shortages, overvaluation,
burgeoning deficits, and capital flight soon precipitate economic
crisis, with a subsequent collapse of the populist regime. The
lessons of this experience are especially valuable for countries in
Eastern Europe, as they face major political and economic
decisions.
Economists and political scientists from the United States and
Latin America detail in this volume how and why such programs go
wrong and what leads policymakers to repeatedly adopt these
policies despite a history of failure. Authors examine this pattern
in Argentina, Brazil, Chile, Mexico, Nicaragua, and Peru--and show
how Colombia managed to avoid it. Despite differences in how each
country implemented its policies, the macroeconomic consequences
were remarkably similar.
Scholars of Latin America will find this work a valuable resource,
offering a distinctive macroeconomic perspective on the continuing
controversy over the dynamics of populism.
General
Imprint: |
University of Chicago Press
|
Country of origin: |
United States |
Release date: |
February 1992 |
First published: |
February 1992 |
Authors: |
Rudiger Dornbusch
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Dimensions: |
229 x 153 x 24mm (L x W x T) |
Format: |
Paperback
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Pages: |
412 |
Edition: |
2nd ed. |
ISBN-13: |
978-0-226-15844-0 |
Categories: |
Books
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LSN: |
0-226-15844-6 |
Barcode: |
9780226158440 |
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