Latin America In The World Economy / Edition 1

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Latin America in the World Economy considers the dual aspect of Latin American development: how external factors (phases of world capitalism since Columbus) interweave with internal factors (Latin American culture, politics, and social groups). Within his skillful approach, Weaver demonstrates how domestic social conflicts and power relations have consistently capitalized on changes in the international economy, while, conversely, engagement with the international economy has consistently constrained local struggles and patterns of change. With over half of the book dedicated to the "short" twentieth century (after 1930), Latin America in the World Economy is appropriate for courses in Latin American economic history, political economy, and development.
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Editorial Reviews

Considers how external factors (the phases of world capitalism since Columbus) interweave with internal factors such as Latin American culture, politics, and social groups in Latin American development. With this text, Weaver (economics and history, Hampshire College) updates his article on capitalist development in South America originally published in Fall 1976. Over half of the text focuses on 1930 to the present. Annotation c. Book News, Inc., Portland, OR (
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Product Details

  • ISBN-13: 9780813338095
  • Publisher: Westview Press
  • Publication date: 7/1/2000
  • Series: Latin American Perspectives Series
  • Edition description: REV
  • Edition number: 1
  • Pages: 276
  • Lexile: 1600L (what's this?)
  • Product dimensions: 0.62 (w) x 6.00 (h) x 9.00 (d)

Meet the Author

Frederick Stirton Weaver is professor of economics and history at Hampshire College in Amherst, Massachusetts. His publications include the Inside the Volcano: History and Political Economy of Central America (Westview, 1994).
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Table of Contents

List of Tables ix
Foreword xi
Preface xiii
Acknowledgments xv
List of Acronyms xvii
Map of Western Hemisphere xix
1 The Changing World Economy: Introduction and Early History 1
Some Preliminary Principles and Terms 2
Tribute-Seeking Empires 4
Mercantilism and Commercial Expansion, 1450-1750 5
Sixteenth- and Seventeenth-Century Colonial Latin America as an Uncertain Mercantile Project 13
2 Competitive Capitalist Industrialization, Free Trade Imperialism, and Latin American Independence, 1700-1850 25
Competitive Capitalism: England 25
Free Trade Imperialism 32
Political Independence in Latin America 35
Independent Spanish America in the World Market 44
3 Finance Capitalism, the New Imperialism, and Latin American Export Economies, 1850-1930 55
Finance Capitalist Industralization: Germany 56
Finance Capitalism and the "New Imperialism," 61
Latin America in the Era of the New Imperialism 66
4 Modern Times, Bretton Woods, and Transnational Corporations, 1920-1970s 91
The Turbulent Beginnings of Modern Times in the United States 91
The Structure of Modern Times in the 1950s and 1960s 96
The International Economy, the Cold War, and Transnational Corporations 101
5 Import Substitution and Semi-Industrialization in Latin America, 1930-1970s 117
Depression, War, and the Ascent of the State 117
The Limits of Populism: Argentina Under Peron 125
The Political Economy of Import-Substituting Industralization in Latin America 127
Success, Failure, and Demise of Import-Substituting Industrialization 139
6 International Competition and the Dissolution of Modern Times 147
The Crisis of U.S. Modern Times 147
Beyond Modern Times 164
7 Debt, Democracy, and Uncertain Transformations: Latin America in a New World 169
The Debt Crisis in Latin America 172
Debt Leverage and Structural Adjustment 177
Political Transitions 184
Neoliberal Democracy 188
The implementation of Neoliberal Reforms 197
Beyond Neoliberalism 203
References 211
Index 241
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