Description
Book SynopsisEconomists have debated Latin America's economic strategies at two moments since the second world war. The first debate, often characterized as between monetarists and structuralists, flourished from the late 1950s to the early 1970s. It focused on the strengths and weaknesses of a strategy of import-substituting industrialization (ISI). The second debate has unfolded since the early 1980s. It focuses on policies of economic stabilization to control inflation, and on exchange rates, trade regimes and, especially, a strategic orientation toward reliance upon markets in order to foster economic growth. This is collection of essays around the strategies and policies adopted in Latin America.
Table of ContentsIntroduction, The Fundamentals of Economic Progress in Underdeveloped Countries: Using the Resources at Hand More Effectively, International Trade and Payments in an Era of Coexistence: Commercial Policy in the Underdeveloped Countries, A Theory of Inflation and Growth in Under-Developed Economies Based on the Experience of Latin America, Monetarists, Structuralists, and Import-Substituting Industrialization: A Critical Appraisal, Import Substitution, Foreign Investment, and International Disequilibrium in Brazil, The Political Economy of Import-Substituting Industrialization in Latin America, Import Substitution and Industrialization in Latin America: Experiences and Interpretations, The Central American Model of Growth: Crisis for Whom?, Economic Development Over the Long Run—Central America Since 1920, Good-bye Financial Repression, Hello Financial Crash, Stabilization with Liberalization: An Evaluation of Ten Years of Chile’s Experiment with Free-Market Policies, 1973-1983, High Inflation, Heterodox Stabilization, and Fiscal Policy, Macroeconomic Populism, The Latin American State, The State and Industrial Strategy, Bolivia: Hyperinflation, Stabilisation, and Beyond, The Case for Trade Liberalization in Developing Countries, Acknowledgments
