The economic history of Latin America since independence / Victor Bulmer-Thomas
- Bulmer-Thomas, V.
- Cambridge : Cambridge University Press, 2014.
- Copyright Date:
- 3rd edition.
- Physical Description:
- xxv, 595 pages : illustrations, maps ; 24 cm.
- 1. Latin American economic development: an overview -- 2. The struggle for national identity from independence to midcentury. The colonial legacy. The economic consequences of independence. The free-trade question. The export sector. The nonexport economy. Regional differences -- 3. The export sector and the world economy, circa 1850-1914. World demand and the export-led growth model. Export performance. Export cycles. The pattern of external trade. The terms of trade and international transport costs -- 4. Export-led growth: the supply side. The labor market. Land. Capital markets. Foreign investment. The policy context -- 5. Export-led growth and the nonexport economy. Domestic-use agriculture. Manufacturing and its origins. Industry and relative prices. Regional differences on the eve of the First World War -- 6. The First World War and its aftermath. The collapse of the old order. Trade strategies. Exchange-rate, financial, and fiscal reform. External shocks, relative prices, and the manufacturing sector -- 7. Policy, performance, and structural change in the 1930s. The depression of 1929. Short-term stabilization. Recovery from the depression. The international environment and the export sector. Recovery of the non-Export economy. The transition toward inward-looking development -- 8. War and the new international economic order. Trade and industry in the Second World War. Trade surpluses, fiscal policy, and inflation. The postwar dilemma. The new international economic order -- 9. Inward-looking development in the postwar period. The inward-looking model. Outward-looking countries. Regional integration. Growth, income distribution, and poverty -- 10. New trade strategies and debt-led growth. Export promotion. Export substitution. Primary export development. The state, public enterprise, and capital accumulation. Debt-led growth -- 11. Debt, adjustment, and the shift to a new paradigm. External adjustment. Internal adjustment, inflation stabilization, and the exchange-rate problem. Growth, poverty, and income distribution, since the debt crisis -- Conclusions.
- 9781107026902 (hbk.)
- Previous edition: 2003.
- Bibliography Note:
- Includes bibliographical references and index.
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