Left Behind Latin America and the False Promise of Populism

ISBN-10: 022600466X

ISBN-13: 9780226004662

Edition: 2012

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Description: The political and economic history of Latin America has been marked by great hopes and even greater disappointments. Here, Edwards explains why the nations of Latin America have failed to share in the fruits of globalization and forcefully highlights the dangers of the recent turn to economic populism in the region.

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Book details

Copyright year: 2012
Publisher: University of Chicago Press
Publication date: 10/22/2012
Binding: Paperback
Pages: 296
Size: 6.00" wide x 9.25" long x 0.75" tall
Weight: 1.166

Preface
Latin America: The Eternal Land of the Future
The Economic Future of Latin America and the United States
From the Washington Consensus to the Resurgence of Populism: A Brief Overview
The Main Argument: A Summary
A Conceptual Framework: The Economic Prosperity of Nations and the Mechanics of Successful Growth Transitions
A Long Decline: From Independence to the Washington Consensus
Latin America's Decline: A Long Historical View
A Gradual and Persistent Decline
The Poverty of Institutions and Long Term Mediocrity
Currency Crises, Instability and Inflation
Inequality and Poverty
So Far from God, and So Close to the United States
From the Alliance for Progress to the Washington Consensus
The Cuban Revolution and the Alliance for Progress
Protectionism and Social Conditions
Informality and Unemployment
Fiscal Profligacy, Monetary Largesse, Instability, and Currency Crises
Oil Shocks and Debt Crisis
The Lost Decade, Market Reforms, and the Washington Consensus
The Washington Consensus and the Recurrence of Crises, 1989-2002
Fractured Liberalism: Latin America's Incomplete Reforms
Institutions and Economic Performance
Institutions Interrupted: A Latin American Scorecard
Economic Policy Reform: A Decalogue Manqu�
Summing Up: Mediocre Policies and Weak Institutions
Chile, Latin America's Brightest Star
Chile under President Salvador Allende, 1970-73
The Chicago Boys and Chile's Trip to the Market
The Chicago Boys, Politics, and Labor Unions
Chile: A Case of a Successful Growth Transition
Pragmatism, Markets, and Success
Restricting Speculative Capital Flows
The Key Role of Institutions and the Failure of Copycats
Chile's Legacy
So Far from God: Mexico's Tequila Crisis of 1994
The Mexican Miracle: A Mirage?
The Exchange Rate, Capital Flows, and External Imbalances
1994: A Recurrent Nightmare
The Aftermath of the Tequila Crisis
Lessons from the Mexican Crisis
Pegging the Currency: A Recurrent Latin American Mistake
The Mother of All Crises: Argentina, 2001-2002
A Long History of Instability and High Inflation
Please, Tie My Hands!
The Mexican Crisis and the Weaknesses of the Convertibility Law
The Fixed Exchange Rate Becomes a Straitjacket
The Inability to Withstand External Shocks in 1999-2001
Another Foretold Disaster
Devaluation, Default, and Pesification
Social Costs, Recovery, and Populism
The Populist Reaction
Populism, Neopopulism, and Inequality in the New Century
Populism and Neopopulism
The Populist Cycle: From Euphoria to Regret
The Polices of Neopopulism
Inequality and Neopopulism in Latin America
Openness, Globalization, Inequality, and Social Conditions
Income Disparities and Education
Populism and Political Institutions
Neopopulism and Neoconstitutionalism
Ch�vez's Challenge and Lula's Response
Hugo Ch�vez and the Path to Bolivarian Populism
The Bolivarian Revolution and Its Disappointment
Ch�vez and Social Conditions
The Surprising Absence of Populism in Brazil
Stability and Social Programs in Lula's Brazil
Lula's Pragmatism and Ch�vez's Ideology
Brazil's Challenges in the Post-Lula Era
Challenges for the Future
A Three-Speed Latin America for the Twenty-first Century
The Institutions of the State and the Narcotics Trade
Three Latin American Clusters for the Twenty-first Century
A Final Word
Notes
Bibliography
Index
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