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| List of figures | |
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| List of tables | |
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| List of boxes | |
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| Preface | |
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| Acknowledgements | |
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| Latin America and the world economy | |
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| Introduction | |
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| Latin America and the world | |
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| The economic output of Latin America | |
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| GDP per capita in Latin America | |
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| Latin America and international trade | |
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| Capital flows and Latin America | |
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| Latin America and world resources | |
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| Latin America and the world: a summary | |
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| Recurring themes in Latin American economic development | |
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| Major economic policy debates in Latin America | |
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| Key terms and concepts | |
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| Questions for review and discussion | |
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| References and recommended readings | |
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| Economic growth and Latin America | |
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| Introduction | |
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| Institutional basics | |
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| A basic model of economic growth | |
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| The Latin American labor market | |
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| Capital and Latin America | |
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| New growth theory | |
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| Growth accounting in Latin America | |
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| Institutions and growth in Latin America | |
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| Key concepts and terms | |
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| Questions for review and discussion | |
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| References and recommended readings | |
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| Growth and the environment in Latin America | |
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| Introduction | |
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| Pollution as a negative externality | |
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| Pollution and environmental policy | |
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| Environmental issues in Latin America | |
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| The environment and growth | |
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| Key concepts and terms | |
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| Questions for review and discussion | |
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| References and recommended readings | |
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| Latin American economic history | |
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| Introduction | |
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| The colonial period | |
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| Independence and post-colonial turmoil | |
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| The Golden Age: 1870-1914 | |
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| Wars and depression | |
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| Import substitution | |
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| The Lost Decade of the 1980s | |
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| Key concepts and terms | |
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| Questions for review and discussion | |
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| References and recommended readings | |
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| Latin America and primary commodities | |
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| Introduction | |
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| Commodities in Latin America: a brief history | |
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| The microeconomics of commodities | |
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| The macroeconomics of commodities | |
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| Commodities and economic development | |
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| Commodities and Dutch disease | |
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| Key concepts and terms | |
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| Questions for review and discussion | |
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| References and recommended readings | |
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| Import substitution in Latin America | |
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| Introduction | |
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| Structuralism, dependency theory, and ISI | |
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| How ISI worked | |
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| The results of ISI | |
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| Key concepts and terms | |
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| Questions for review and discussion | |
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| References and recommended readings | |
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| Latin American trade policy | |
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| Introduction | |
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| Comparative advantage | |
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| Comparative advantage and ISI | |
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| Comparative advantage, factor prices, and the distribution of income | |
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| The economic effects of tariffs and quotas | |
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| Latin American trade policy | |
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| Latin America and GATT/WTO | |
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| RTAs in Latin America | |
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| Key concepts and terms | |
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| Questions for review and discussion | |
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| References and recommended readings | |
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| Exchange rate policy | |
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| Introduction | |
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| The balance of payments | |
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| Flexible exchange rates | |
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| Fixed exchange rates | |
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| The real exchange rate | |
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| Managed exchange rates | |
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| Key concepts and terms | |
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| Questions for review and discussion | |
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| References and recommended readings | |
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| Financing current account deficits | |
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| Introduction | |
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| Debt vs. equity | |
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| FDI | |
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| Portfolio capital | |
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| Official development assistance | |
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| Remittances | |
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| Debt | |
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| The role of the IMF | |
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| Key concepts and terms | |
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| Questions for review and discussion | |
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| References and recommended readings | |
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| Macroeconomic policy in Latin America | |
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| Introduction | |
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| Fiscal policy in Latin America | |
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| Financing deficits and the money supply | |
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| The money supply, prices, and GDP | |
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| Economic populism | |
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| Key concepts and terms | |
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| Questions for review and discussion | |
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| References and recommended readings | |
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| Macroeconomic stability | |
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| Introduction | |
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| Commodity price shocks | |
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| Oil shocks | |
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| Debt and exchange rate shocks | |
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| The Lost Decade | |
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| The recovery from the Lost Decade | |
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| Key concepts and terms | |
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| Questions for review and discussion | |
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| References and recommended readings | |
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| Poverty and inequality | |
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| Introduction | |
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| Poverty in Latin America | |
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| Income inequality | |
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| Causes of poverty and inequality | |
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| ISI | |
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| Reducing poverty and inequality | |
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| Key concepts and terms | |
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| Questions for review and discussion | |
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| References and recommended readings | |
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| Glossary | |
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| Notes | |
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| Index | |