Latin American Economic Development

ISBN-10: 0415497337

ISBN-13: 9780415497336

Edition: 2011

Authors: W. Charles Sawyer, Javier A. Reyes

List price: $93.99
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Book details

List price: $93.99
Copyright year: 2011
Publisher: Routledge
Publication date: 3/22/2011
Binding: Paperback
Pages: 360
Size: 6.00" wide x 9.00" long x 0.75" tall
Weight: 1.232
Language: English

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