"Eye-opening appraisals of the extraordinary potential of Latin American countries. Essential reading for those who have, or wish to have, commercial relations with our neighboring continent, Roberts and Araujo brilliantly combine a free market philosophical perspective with a proper appreciation of the region's history."Steve Forbes
"A compelling blend of substance and ideasilluminates the 'why' of revolution in economies in Latin Americaand elsewhereand the need for revolution in the multilateral financial institutions. Readable and rewarding."George P. Shultz
"Lessons from socialist failures have been learned more quickly in Latin America than in Europe or the United States. This book lays out the record of Latin American accomplishments to date, along with a precautionary assessment of near-term prospects."James Buchanan, Nobel Laureate in Economics, 1986
"The lesson of this book is evident: Only open economies and open societies provide the adequate framework for prosperity."Pedro Aspe, Finance Minister of Mexico, 1988-1994
"While the world's attention has been focused on the demise of socialism and planning in Central and Eastern Europe, the quite remarkable liberalization of marketsboth international and domesticthat has occurred in Latin America has gone larely unnoticed. Roberts and Araujo now bring us the story of the tortuous path that has brought capitalism and markets to Latin America."Gale Johnson, Professor of Economics, University of Chicago
The Capitalist Revolution in Lain America is a carefully crafted account of how the peddlers of quack ideas created an ecnomic disaster zone and how the descendants of Turgot have begun to alter the Latin landscape. Roberts and Araujo eschew Newspeak. The result is a refreshing, 'politically incorrect' volume that would meet with George Orwell's approval."Steve H. Hanke, Advisor to Argentina's ex-Minister of Economy, Comingo Cavallo, and Professor of Applied Economics, The Johns Hopkins University
Surveys the history and present business climate of Latin America,
describing the spread of capitalism in the region and what it means
to countries outside the region. Reexamines many of the prevailing
orthodoxies concerning international development and the regulation
of markets, showing that US aid packages hampered the growth of a
free economy, and describes the efforts of various leaders to
privatize state industries and establish independent markets.
Annotation c. by Book News, Inc., Portland, Or.