Author: José De Gregorio
Publisher: Peterson Institute for International Economics
ISBN: 088132678X
Category : Business & Economics
Languages : en
Pages : 166
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Book Description
The global financial and economic turmoil of 2008–09 plunged Europe and the United States into their worst economic downturns in 75 years. Many experts feared that developing regions like Latin America, which had experienced many of their own crises in recent decades, would be even worse affected. Instead, Latin America suffered only limited damage. Indeed the region’s GDP is 20 percent higher than its pre-crisis level. José De Gregorio, governor of the Central Bank of Chile from 2007 to 2011, explains Latin America’s success with a perspective that only an insider can have. This book focuses mainly on the seven largest economies of Latin America—Argentina, Brazil, Chile, Colombia, Mexico, Peru, and Venezuela—which together account for more than 90 percent of regional output. The author argues that strong performance during the crisis resulted from the sound macroeconomic and financial policies that these countries followed beforehand. Their accomplishments allowed them to undertake significant monetary and fiscal expansion in the context of robust financial systems. De Gregorio acknowledges that there was also an element of luck—in terms of improved terms of trade. This is a candid, searching, and dramatic case study of crisis preparation—and crisis management.
Author: Margarita Fajardo
Publisher: Harvard University Press
ISBN: 0674270029
Category : History
Languages : en
Pages : 297
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Book Description
How a group of intellectuals and policymakers transformed development economics and gave Latin America a new position in the world. After the Second World War demolished the old order, a group of economists and policymakers from across Latin America imagined a new global economy and launched an intellectual movement that would eventually capture the world. They charged that the systems of trade and finance that bound the world’s nations together were frustrating the economic prospects of Latin America and other regions of the world. Through the UN Economic Commission for Latin America, or CEPAL, the Spanish and Portuguese acronym, cepalinos challenged the orthodoxies of development theory and policy. Simultaneously, they demanded more not less trade, more not less aid, and offered a development agenda to transform both the developed and the developing world. Eventually, cepalinos established their own form of hegemony, outpacing the United States and the International Monetary Fund as the agenda setters for a region traditionally held under the orbit of Washington and its institutions. By doing so, cepalinos reshaped both regional and international governance and set an intellectual agenda that still resonates today. Drawing on unexplored sources from the Americas and Europe, Margarita Fajardo retells the history of dependency theory, revealing the diversity of an often-oversimplified movement and the fraught relationship between cepalinos, their dependentista critics, and the regional and global Left. By examining the political ventures of dependentistas and cepalinos, The World That Latin America Created is a story of ideas that brought about real change.
Author: Matthew C. Gutmann
Publisher: Univ of California Press
ISBN: 0520965949
Category : Social Science
Languages : en
Pages : 376
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Book Description
Latin America is home to emerging global powers such as Brazil and Mexico and has important links to other titans including China, India, and Africa. Global Latin America examines a range of historical events and cultural forms in Latin America that continue to influence peoples’ lives far outside the region. Its innovative essays, interviews, and stories focus on insights from public intellectuals, political leaders, artists, academics, and activists from the region, allowing students to gain an appreciation of the global relevance of Latin America in the twenty-first century.
Author: Paulo Drinot
Publisher: Duke University Press
ISBN: 0822376245
Category : History
Languages : en
Pages : 376
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Book Description
Although Latin America weathered the Great Depression better than the United States and Europe, the global economic collapse of the 1930s had a deep and lasting impact on the region. The contributors to this book examine the consequences of the Depression in terms of the role of the state, party-political competition, and the formation of working-class and other social and political movements. Going beyond economic history, they chart the repercussions and policy responses in different countries while noting common cross-regional trends--in particular, a mounting critique of economic orthodoxy and greater state intervention in the economic, social, and cultural spheres, both trends crucial to the region's subsequent development. The book also examines how regional transformations interacted with and differed from global processes. Taken together, these essays deepen our understanding of the Great Depression as a formative experience in Latin America and provide a timely comparative perspective on the recent global economic crisis. Contributors. Marcelo Bucheli, Carlos Contreras, Paulo Drinot, Jeffrey L. Gould, Roy Hora, Alan Knight, Gillian McGillivray, Luis Felipe Sáenz, Angela Vergara, Joel Wolfe, Doug Yarrington
Author: Rudiger Dornbusch
Publisher: University of Chicago Press
ISBN: 0226158489
Category : Business & Economics
Languages : en
Pages : 416
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Book Description
Again and again, Latin America has seen the populist scenario played to an unfortunate end. Upon gaining power, populist governments attempt to revive the economy through massive spending. After an initial recovery, inflation reemerges and the government responds with wage an price controls. Shortages, overvaluation, burgeoning deficits, and capital flight soon precipitate economic crisis, with a subsequent collapse of the populist regime. The lessons of this experience are especially valuable for countries in Eastern Europe, as they face major political and economic decisions. Economists and political scientists from the United States and Latin America detail in this volume how and why such programs go wrong and what leads policymakers to repeatedly adopt these policies despite a history of failure. Authors examine this pattern in Argentina, Brazil, Chile, Mexico, Nicaragua, and Peru—and show how Colombia managed to avoid it. Despite differences in how each country implemented its policies, the macroeconomic consequences were remarkably similar. Scholars of Latin America will find this work a valuable resource, offering a distinctive macroeconomic perspective on the continuing controversy over the dynamics of populism.
Author: Robert Rennhack
Publisher: INTERNATIONAL MONETARY FUND
ISBN: 9781462378791
Category :
Languages : en
Pages : 42
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Book Description
The Latin America and Caribbean (LAC) region has weathered the global financial crisis reasonably well so far, although tighter global financial conditions began to take their toll on trade, capital flows and economic growth in late 2008. This resilience reflects the reforms put in place by many countries over the past decade to strengthen financial supervision and adopt sound macroeconomic policies. Building on this progress, the region's financial sector reform agenda now aims at further improvements, including steps aiming to improve compliance with the Basel Core Principles of Banking Supervision and to broaden and deepen domestic financial markets.
Author: José Antonio Ocampo
Publisher: Oxford University Press
ISBN: 019957104X
Category : Business & Economics
Languages : en
Pages : 959
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Book Description
A comprehensive overview of the key factors affecting the development of Latin American economies that examines long-term growth performance, macroeconomic issues, Latin American economies in the global context, technological and agricultural policies, and the evolution of labour markets, the education sector, and social security programmes.
Author: Fernando Henrique Cardoso
Publisher: Univ of California Press
ISBN: 0520342119
Category : History
Languages : en
Pages : 255
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Book Description
At the end of World War II, several Latin American countries seemed to be ready for industrialization and self-sustaining economic growth. Instead, they found that they had exchanged old forms of political and economic dependence for a new kind of dependency on the international capitalism of multinational corporations. In the much-acclaimed original Spanish edition (Dependencia y Desarrollo en América Latina) and now in the expanded and revised English version, Cardoso and Faletto offer a sophisticated analysis of the economic development of Latin America. The economic dependency of Latin America stems not merely from the domination of the world market over internal national and "enclave" economies, but also from the much more complex interact ion of economic drives, political structures, social movements, and historically conditioned alliances. While heeding the unique histories of individual nations, the authors discern four general stages in Latin America's economic development: the early outward expansion of newly independent nations, the political emergence of the middle sector, the formation of internal markets in response to population growth, and the new dependence on international markets. In a postscript for this edition, Cardoso and Faletto examine the political, social and economic changes of the past ten years in light of their original hypotheses.
Author: Tanya Harmer
Publisher: University Press of Florida
ISBN: 1683402839
Category : History
Languages : en
Pages : 248
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Book Description
This volume showcases new research on the global reach of Latin American revolutionary movements during the height of the Cold War, mapping out the region’s little-known connections with Africa, Asia, and Europe. Toward a Global History of Latin America’s Revolutionary Left offers insights into the effect of international collaboration on the identities, ideologies, strategies, and survival of organizers and groups. Featuring contributions from historians working in six different countries, this collection includes chapters on Cuba’s hosting of the 1966 Tricontinental Conference that brought revolutionary movements together; Czechoslovakian intelligence’s logistical support for revolutionaries; the Brazilian Left’s search for recognition in Cuba and China; the central role played by European publishing houses in disseminating news from Latin America; Italian support for Brazilian guerrilla insurgents; Spanish ties with Nicaragua’s revolution; and the solidarity of European networks with Guatemala’s Guerrilla Army of the Poor. Through its expansive geographical perspectives, this volume positions Latin America as a significant force on the international stage of the 1960s and 1970s. It sets a new research agenda that will guide future study on leftist movements, transnational networks, and Cold War history in the region. Contributor:s José Manuel Ágreda Portero | Van Gosse | James G. Hershberg | Gerardo Leibner | Blanca Mar León | Eduardo Rey Tristán | Arturo Taracena Arriola | Michal Zourek
Author: Eduardo Galeano
Publisher: NYU Press
ISBN: 0853459908
Category : History
Languages : en
Pages : 335
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Book Description
[In this book, the author's] analysis of the effects and causes of capitalist underdevelopment in Latin America present [an] account of ... Latin American history. [The author] shows how foreign companies reaped huge profits through their operations in Latin America. He explains the politics of the Latin American bourgeoisies and their subservience to foreign powers, and how they interacted to create increasingly unequal capitalist societies in Latin America.-Back cover.
