Reforming the Reforms in Latin America
Macroeconomics, Trade, Finance
Published on 30. April 2016
XII, 232 pages
978-1-137-04681-9 (ISBN)
Description
Development has been elusive for Latin America in the 1990s. Notwithstanding tough neoliberal reforms, defeated hyperinflation, and large capital inflows, development of productive capacity and social equity shows a poor performance. These selected essays discuss the analytical bases of a pragmatic policy-oriented approach alternative to neoliberalism. They also analyze macroeconomic management, trade and financial liberalization in recent years.
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Book
04/2000
Palgrave USA
€106.99
Shipment within 10-20 days
Person
Ricardo French-Davis
is Professor of Economics at the University of Chile in Santiago.
Content
- Cover
- Title
- Copyright
- Contents
- List of tables and figure
- List of abbreviations
- Preface
- 1 An introduction
- (a) The outcome of reforms
- (b) Too naive neoliberalism, too little pragmatism
- (c) Our approach
- (d) The menu ahead
- 2 Capital fonnation and the macroeconomic framework: a neostructuralist approach
- (a) Introduction
- (b) Conceptual approaches
- (c) The growth and investment record of Latin America
- (d) Macroeconomic environment and productive investment
- 3 Trade liberalization and growth: recent experiences in Latin America
- (a) Introduction
- (b) Trade liberalization programmes in Latin America
- (c) Lessons from Asian dynamic economies
- (d) Criteria for an evaluation of reforms
- (e) Concluding remarks
- 4 The great Latin American debt crisis: a decade of a symmetric adjustment
- (a) Introduction
- (b) The gestation of the debt crisis in the 1970s
- (c) The emergency in the early 1980s
- (d) Management of the crisis during the 1980s
- (e) The recessionary domestic adjustment of the 1980s
- (f) Concluding remarks
- 5 Surges in capital flows and development: an overview of policy issues in the 1990s
- (a) Introduction
- (b) Open capital accounts and external savings
- (c) The surge of private capital flows in the 1990s: supply side
- (d) The surge of capital flows in the 1990s: demand side
- 6 Macroeconomic policies for growth
- (a) Introduction
- (b) The recent macroeconomic environment
- (c) Effects of positioning on the production frontier
- (d) Economic policies affecting proximity to the production frontier
- (e) Conclusions and lessons
- 7 Macroeconomic achievements in the democratic transition in Chile
- (a) Introduction
- (b) Initial conditions: heritage of the military regime 1973-89
- (c) Economic achievements of the Aylwin administration
- (d) The challenges: social equity and macroeconomic stability
- 8 Intra-Latin American trade in the 1990s and its analytical base
- (a) An analytical framework for PRAs
- (b) Intraregional trade and enhanced quality of exports
- 9 'The return of private capital to Latin America: a word of caution in 1992 for 'successful' countries
- 10 The policy implications of the Tequila Effect
- (a) Capital flows to Latin America
- (b) Causes and consequences of the Mexican crisis
- (c) The shock spreads to Latin America
- (d) Reducing vulnerability: the case of Chile
- (e) Emerging East and South-East Asia
- (f) Lessons for Latin America once again
- References
- Index
