Latin America is one of the most intriguing parts of the world. The region's illustrious history, culture, and geography are famous internationally, but in terms of economics, Latin America has been generally associated with problems. For many, the combination of a resource-rich region and poor economic conditions has been a puzzle. This extensively revised and updated third edition of Latin American Economic Development continues to provide the most up-to-date exploration of why the continent can be considered to have underperformed, how the various Latin American economies function, and the future prospects for the region. The book addresses the economic problems of Latin America theme by theme. Changes and new features in this new edition include:
* a new chapter on economic growth that reflects the new understanding of slow growth in the region; * two new appendices on basic microeconomics and macroeconomics; * expanded coverage on new commodities such as lithium and quinoa; * a number of new boxes and updates to existing boxes.
The book provides a comprehensive text for undergraduate economics courses on Latin America and is also suitable for use by students in other disciplines looking for a wide-ranging guide to the region. This book will continue to be an invaluable resource for undergraduates looking at Latin American economics, growth, and development.
Contents List of Figures List of Tables Acknowledgements Preface Chapter 1 Latin America and the world economy Chapter 2 Latin American economic history Chapter 3 Economic Growth and Latin America Chapter 4 Limits to Growth in Latin America Chapter 5 Growth and the environment in Latin America Chapter 6 Latin America and primary commodities Chapter 7 Import substitution in Latin America Chapter 8 Latin American trade policy Chapter 9 Exchange Rate Policy Chapter 10 Financing current account deficits Chapter 11 Macroeconomic policy in Latin America Chapter 12 Macroeconomic stability Chapter 13 Poverty and inequality Chapter 14 Economic policy debates in Latin America Appendix: Demand and Supply Appendix: Basic Macroeconomics Index
Javier A. Reyes is Professor of Economics and the Milan Puskar Dean of the John Chambers College of Business and Economics, University of West Virginia, US. W. Charles Sawyer is the Hal Wright Professor of Latin American Economics, Texas Christian University, US.