Capital Markets, Growth, and Economic Policy in Latin America

by Jorge Salazar-Carrillo, Antonio Jorge, Bernadette West

Overview

Looking at how Latin American countries have coped with the 1994 Mexican crisis and the earlier debt crisis of the 1980s, this book reveals the full extent of what has come to be known as the tequila effect. Written by distinguished economists and financiers from Latin America, the Caribbean, and the United States, the volume also examines the social, political, and economic issues associated with ever-expanding trade and globalization.

The book opens with chapters considering the impact of the Mexican crisis on Argentina, Colombia, and Venezuela, and it provides an interesting account of the events leading up to the crisis itself. In the following section, the contributors examine issues of economic growth by considering such topics as the need for a new growth strategy, by comparing the Latin American and Asian economies, and by looking at the Cuban economy from a trading partner's perspective. The final section takes an indepth look at the complex issues of neoliberalist versus neopopulist thinking in shaping Latin America's economic policies for the 21st century.

Product Details

ISBN-13:	9780275959753
Publisher:	Bloomsbury Academic
Publication date:	01/30/2000
Pages:	240
Product dimensions:	6.14(w) x 9.21(h) x 0.56(d)
Lexile:	1490L (what's this?)

About the Author

ANTONIO JORGE is Professor of Economics at Florida International University and a Senior Research Scholar at the University of Miami. His recent publications include Price Policies and Economic Growth (Praeger, 1997) and The Economics of the Caribbean: Present Problems and Future Trends (1997).

JORGE SALAZAR-CARRILLO is Professor of Economics and Director of the Center for Economic Research at Florida International University and a nonresident staff member of the Brookings Institution. Recent works include Oil in the Economic Development of Venezuela during the Twentieth Century (Praeger, 1994), Price Policies and Economic Growth (Praeger, 1997) and The Economics of the Caribbean: Present Problems and Future Trends (1997).

BERNADETTE WEST is a Lecturer of Economics at the University of Miami and Florida International University.

Table of Contents

Introduction and Overview
Introduction by Antonio Jorge, Jorge Salazar-Carrillo, and Bernadette West
Consequences of the Debt Crisis
Consequences of the Debt Crisis in Large Countries: The Case of Argentina by A. Humberto Petrei
Economic Growth and Inflation in Colombia by Jose Antonio Ocampo
Reflections on the Mexican Crisis by Julio de Quesada
The Foreign Debt Crisis and its Consequences on the Venezuelan Economy by Antonio Casas-Gonzalez
Growth and Development Perspectives
The Mexican Crisis and Caribbean Economic Growth: Impact and Perspectives by Anthony Gonzales
A Comparison of East Asian and Latin American Development: Will Latin America Create Its Own Miracle? by F. Gerard Adams
The Facts of Economic Development and Virtuous Circles by F. Gerard Adams
The Cuban Economy as Seen Through its Foreign Trade by Jorge Salazar-Carrillo
Debt and Development in Latin America in the Global Economy by Antonio Jorge and Raul Moncarz
Socioeconomic Impact of Tourism in Barbados by Irma T. de Alonso and Jorge Salazar-Carrillo
Neoliberalism and Neopopulism: Adjustment and Stability
Neoliberalism Versus Neopopulism by John Williamson
Some Thoughts on the Achievement of Sustained Growth with Poverty Reduction in Latin America by Gustav Ranis
Outline for a Socioeconomic Paradigm for Post-Castro Cuba by Antonio Jorge
On the Political Economy of Pensions and Social Security by Peter Diamond
Brief Thoughts on the Political Economy of Adjustment: International Markets Versus National Politics by Gerald M. Meier

Editorial Reviews

Contains 16 chapters, a number of which were first presented as papers at the Conference on International Economic and Financial Systems: The Mexican Crisis and the Latin-American Debt Redux held in January 1996 in Coral Gables, Florida. Presents statistics and firsthand accounts of the impact of the 1994 Mexican crisis on Mexico and its neighbors; analysis, comparisons, and evaluation of different growth and development strategies in Latin America, East Asia, and the Caribbean; and discussion of the political and social implications of traditional macroeconomic adjustment and reforms currently endorsed by the IMF and World Bank. Annotation c. Book News, Inc., Portland, OR (booknews.com)

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