The economic history of Latin America since independence / Victor Bulmer-Thomas, Institute of the Americas, University College, London.

Format:

Book

Author/Creator:

Bulmer-Thomas, V., author.

Series:

Cambridge Latin American studies ; 98.

Cambridge Latin American studies ; 98

Language:

English

Subjects (All):

Latin America--Economic conditions.

Latin America.

Economic conditions.

Latin America--Economic policy.

Economic policy.

Physical Description:

xxv, 595 pages : illustrations ; 24 cm.

Edition:

Third edition.

Place of Publication:

New York : Cambridge University Press, 2014.

Contents:

Latin American economic development: an overview

The struggle for national identity from independence to midcentury: The colonial legacy ; The economic consequences of independence ; The free-trade question ; The export sector ; The nonexport economy ; Regional differences

The export sector and the world economy, circa 1850-1914: World demand and the export-led growth model ; Export performance ; Export cycles ; The pattern of external trade ; The terms of trade and international transport costs

Export-led growth : the supply side: The labor market ; Land ; Capital markets ; Foreign investment ; The policy context

Export-led growth and the nonexport economy : Domestic-use agriculture ; Manufacturing and its origins ; Industry and relative prices ; Regional differences on the eve of the First World War

The First World War and its aftermath: The collapse of the old order ; Trade strategies ; Exchange-rate, financial, and fiscal reform ; External shocks, relative prices, and the manufacturing sector

Policy, performance, and structural change in the 1930s: The Depression of 1929 ; Short-term stabilization ; Recovery from the Depression ; The international environment and the export sector ; Recovery of the non-export economy ; The transition toward inward-looking development

War and the new international economic order: Trade and industry in the Second World War ; Trade surpluses, fiscal policy, and inflation ; The postwar dilemma ; The new international economic order

Inward-looking development in the postwar period: The inward-looking model ; Outward-looking countries ; Regional integration ; Growth, income distribution, and poverty

New trade strategies and debt-led growth ; Export promotion ; Export substitution ; Primary export development ; The state, public enterprise, and capital accumulation ; Debt-led growth

Debt, adjustment, and the shift to a new paradigm ; From debt crisis to debt burden ; External adjustment ; Internal adjustment, inflation stabilization, and the exchange-rate problem ; Growth, poverty, and income distribution, since the debt crisis

Conclusions.

Notes:

Previous edition: 2003.

Includes bibliographical references (pages 531-574) and index.

ISBN:

9781107026902

1107026903

9781107608559

1107608554

OCLC:

858825053