Understanding Latin America's economy in the twenty-first century / Jeff Dayton-Johnson.

Format:

Book

Author/Creator:

Dayton-Johnson, Jeff, author.

Series:

Diaalogos (Albuquerque, N.M.)

Diaalogos series

Language:

English

Subjects (All):

Latin America--Economic conditions--21st century.

Latin America.

Economic development--Latin America--History--21st century.

Economic development.

Physical Description:

xx, 296 pages : illustrations ; 24 cm.

Place of Publication:

Albuquerque : University of New Mexico Press, 2025.

Summary:

Latin America’s economic performance is often depicted as a long sequence of repeated failures, including its contribution to global financial crises as well as its slow growth and intractable inequalities. Its experience in the twenty-first century, however, reveals considerable and underappreciated successes. Understanding those successes—as well as setbacks—is critical to understanding both the region’s prospects and the rapidly changing global economic order. Jeff Dayton-Johnson’s Understanding Latin America’s Economy in the Twenty-First Century provides a comprehensive, comparative, and region-wide perspective on Latin American economic development that spans the last quarter century. The book is organized in three parts. The first introduces and summarizes Latin America’s economic history over the long term (the past five centuries) and the immediate past (the last half of the twentieth century). The second analyzes economic growth during the twenty-first century, emphasizing the role of China’s roaring demand for Latin American commodity exports. The third part assesses three fundamental characteristics of Latin American economic development in this century: the pros and cons of the commodity boom, the reasons behind the surprising decline in economic inequality, and the emergence of left-leaning and center-right governments that opted for pragmatic and orthodox macro policies mixed with innovative antipoverty programs. This is an economics book for specialists and non-specialists alike, leaning heavily on economic concepts and models while introducing and explaining its subject for a broad readership. It is aimed at undergraduate and masters level students in Latin American studies, international relations, development studies, political science, economics, and other social sciences as well as readers beyond academia who are eager to understand Latin America and the global economy.

Contents:

Introduction: News Dispatches from the Twenty-first Century Latin American Economy

PART I Historical Background

An Introduction to Latin America

High Developmentalism and Its Aftermath, 1949-1999

PART II Growth

O Milagrinho: The Latin American Decade, 2000-2007

The Jazz Effect: The Global Financial Crisis in Latin America, 2008-2009

Hurricane Season, 2010-2019

Growth in the Time of Covid-19, 2020-2024

The Pandemic's Inflationary Coda, 2021-2024

PART III Development

Structural Transformation Delayed

Declining Inequality

Improved Fiscal Policy

Better Economic Statecraft

Lessons from this Century.

Notes:

Includes bibliographical references (pages 249-286) and index.

Other Format:

Online version: Dayton-Johnson, Jeff. Understanding Latin America's economy in the twenty-first century

ISBN:

9780826368614

0826368611

9780826368621

082636862X

OCLC:

1503678967