Latin America 2015 2016

A comprehensive, timely, and entertaining account of the political, cultural, and economic dynamics of more than thirty discrete countries of the Western Hemisphere, this book is updated each year, providing students with the most recent information possible. The information is presented in an objective, balanced, non-ideological context, allowing the readers to formulate their own opinions. In addition to examining individual countries, the book views Latin America as a mosaic region as a whole and emphasizes its growing influence on the world stage. Besides providing accurate and timely information on the historical and political forces that have shaped each nation, it also examines the leading cultural figures and forces, from eighteenth-century writers to twentieth-century composers and singing stars to twenty-first-century filmmakers and actors. Finally, it describes the social and economic challenges that continue to afflict this exciting and emerging region.

A major, new, and comprehensive look at six decades of macroeconomic policies across the region What went wrong with the economic development of Latin America over the past half-century? Along with periods of poor economic performance, the region’s countries have been plagued by a wide variety of economic crises. This major new work brings together dozens of leading economists to explore the economic performance of the ten largest countries in South America and of Mexico. Together they advance the fundamental hypothesis that, despite different manifestations, these crises all have been the result of poorly designed or poorly implemented fiscal and monetary policies. Each country is treated in its own section of the book, with a lead chapter presenting a comprehensive database of the country’s fiscal, monetary, and economic data from 1960 to 2017. The chapters are drawn from one-day academic conferences—hosted in all but one case, in the focus country—with participants including noted economists and former leading policy makers. Cowritten with Nobel Prize winner Thomas J. Sargent, the editors’ introduction provides a conceptual framework for analyzing fiscal and monetary policy in countries around the world, particularly those less developed. A final chapter draws conclusions and suggests directions for further research. A vital resource for advanced undergraduate and graduate students of economics and for economic researchers and policy makers, A Monetary and Fiscal History of Latin America, 1960–2017 goes further than any book in stressing both the singularities and the similarities of the economic histories of Latin America’s largest countries. Contributors: Mark Aguiar, Princeton U; Fernando Alvarez, U of Chicago; Manuel Amador, U of Minnesota; Joao Ayres, Inter-American Development Bank; Saki Bigio, UCLA; Luigi Bocola, Stanford U; Francisco J. Buera, Washington U, St. Louis; Guillermo Calvo, Columbia U; Rodrigo Caputo, U of Santiago; Roberto Chang, Rutgers U; Carlos Javier Charotti, Central Bank of Paraguay; Simón Cueva, TNK Economics; Julián P. Díaz, Loyola U Chicago; Sebastian Edwards, UCLA; Carlos Esquivel, Rutgers U; Eduardo Fernández Arias, Peking U; Carlos Fernández Valdovinos (former Central Bank of Paraguay); Arturo José Galindo, Banco de la República, Colombia; Márcio Garcia, PUC-Rio; Felipe González Soley, U of Southampton; Diogo Guillen, PUC-Rio; Lars Peter Hansen, U of Chicago; Patrick Kehoe, Stanford U; Carlos Gustavo Machicado Salas, Bolivian Catholic U; Joaquín Marandino, U Torcuato Di Tella; Alberto Martin, U Pompeu Fabra; Cesar Martinelli, George Mason U; Felipe Meza, Instituto Tecnológico Autónomo de México; Pablo Andrés Neumeyer, U Torcuato Di Tella; Gabriel Oddone, U de la República; Daniel Osorio, Banco de la República; José Peres Cajías, U of Barcelona; David Perez-Reyna, U de los Andes; Fabrizio Perri, Minneapolis Fed; Andrew Powell, Inter-American Development Bank; Diego Restuccia, U of Toronto; Diego Saravia, U de los Andes; Thomas J. Sargent, New York U; José A. Scheinkman, Columbia U; Teresa Ter-Minassian (formerly IMF); Marco Vega, Pontificia U Católica del Perú; Carlos Végh, Johns Hopkins U; François R. Velde, Chicago Fed; Alejandro Werner, IMF.

The Statistical Yearbook for Latin America and the Caribbean presents a set of basic statistics that characterize the economic, sociodemographic and environmental situation of the region in relation to a particular period. This information is part of the set of statistics available at CEPALSTAT, the database portal and statistical publications of ECLAC.

In its latest edition, the Foreign Direct Investment in Latin America and the Caribbean report analyzes in-depth the FDI received by the Caribbean, where these flows are much more significant than in the rest of the region as a proportion of Gross Domestic Product (GDP). The study also examines the impact of FDI on the environment, which has not been measured or regulated sufficiently by countries in the region.

Published since 1948, This is the sixty-eighth edition of the Economic Survey of Latin America and the Caribbean, which corresponds to the year 2016, consists of three parts. Part I outlines the region’s economic performance in 2015 and analyses trends in the first half of 2016, as well as the outlook for the rest of the year. It examines the external and internal factors influencing the region’s economic performance and highlights some of the macroeconomic policy challenges that have arisen in an external context of weak growth and high levels of uncertainty. Part II analyses the challenges that the countries of Latin America and the Caribbean face at the domestic and international levels in mobilizing financing for development. On the domestic front, slower growth and tighter fiscal restrictions pose significant challenges for the mobilization of resources. Externally, the classification of many of the region’s countries in the middle-income category limits their access to concessional external financing or international support. Part III of this publication contains the notes relating to the economic performance of the countries of Latin America and the Caribbean in 2015 and the first half of 2016, together with their respective statistical annexes. The cut-off date for updating the statistical information in this publication was 30 June 2016.

Politics Latin America examines the role of Latin America in the world and its importance to the study of politics with particular emphasis on the institutions and processes that exist to guarantee democracy and the forces that threaten to compromise it. Now in its third edition and fully revised to reflect recent developments in the region, Politics Latin America provides students and teachers with an accessible overview of the region’s unique political and economic landscape, covering every aspect of governance in its 21 countries. The book examines the international relations of Latin American states as they seek to carve out a role in an increasingly globalised world and will be an ideal introduction for undergraduate courses in Latin American politics, comparative politics, and other disciplines. This new edition will include: updated references to scholarship and debates; new themes such as environmental rights, women presidents, the Latin American Pope, Afro-Latinos, and the politics of sexual diversity; examination of demographic change and social movements; a new chapter on environmental economics and sustainable development. This book is essential reading for undergraduates taking courses in Latin American Politics.

This timely book analyzes the governing experiences of the nine major pro-leftist governments in Latin America. The individual country case study chapters are preceded by chapters that frame the discussion by considering the theoretical implications of the Pink Tide experience relating to globalization, the state, and neo-extractivism. The contributors examine the Pink Tide policies and rhetoric that gained widespread approval and led to the long tenure of many of these governments. These included ambitious social programs, prioritizing the needs of the poor, nationalistic foreign policy, economic nationalism, and asserting control of strategic sectors of the economy. The book continues by taking a critical look at policies that have contributed to recent setbacks, acknowledging the inability of progressive governments to overcome embedded structures holding back economic development. One such setback has come from the opposition—often supported by powerful foreign actors—pressuring the government into making concessions and carrying out policies that ultimately undermined economic and political stability. The contributors critically examine these policies, which were politically successful in the short run but eventually backfired in the form of corruption, bureaucratic waste, and economic sluggishness. With its balanced and thorough assessment, this book will provide readers with a deep and nuanced understanding of the complexity of the political, economic, and sociocultural reality of contemporary Latin America and the Caribbean.

The Social Panorama of Latin America 2018 analyzes issues crucial to understanding and action given the structural challenges facing the countries of Latin America and the Caribbean in the current economic and social situation, especially in the context of the transformations underway in labour markets. Throughout the report, which has been published since 1991, strategies and policies are suggested for advancing toward inclusive development in accordance with the 2030 Agenda for Sustainable Development.