The Economic History Of Latin America Since Independence

This study, now in a revised and updated third edition, covers the economic history of Latin America from independence in the 1820s to the present. It stresses the differences between Latin American countries while recognizing the external influences to which the whole region has been subject. Victor Bulmer-Thomas notes the failure of the region to close the gap in living standards between it and the United States and explores the reasons. He also examines the new paradigm taking shape in Latin America since the debt crisis of the 1980s and asks whether this new economic model will be able to bring the growth and improvement in equity that the region desperately needs. This third edition contains a wealth of new material that draws on the new research in the area in the past ten years.

A comprehensive balanced portrait of the factors affecting economic development in Latin America, first published in 2003.

A comprehensive and accessible overview of the economic history of Latin America over the two centuries since Independence. It considers its principal problems and the main policy trends and covers external trade, economic growth, and inequality.

A comprehensive and accessible overview of the economic history of Latin America over the two centuries since Independence. It considers its principal problems and the main policy trends and covers external trade, economic growth, and inequality.

The Economic History of Latin America seeks to explain why, despite the region's abundance of natural resources and a favourable ratio of land to labour, not a single republic of Latin America has achieved the status of a developed country after nearly two centuries free from colonial rule. Taking its narrative from the end of the colonial epoch to the early 1990s, this book provides a comprehensive, balanced portrait of the factors affecting economic progress in Latin America. This book explains the successes and failures of export-led growth in the nineteenth century, and the withdrawal, after the depression of 1929, of many countries into a model of import-substitution industrialization. The debt crisis of the 1980s effectively ended hopes for the inward-looking approach, however, and the author examines the routes through which Latin American republics pursued a new version of export-led growth.

An indispensable reference work for anyone interested in Latin America's economic development.