Volume Two treats the 'long twentieth century' from the onset of modern economic growth to the present. It analyzes the principal dimensions of Latin America's first era of sustained economic growth from the last decades of the nineteenth century to 1930. It explores the era of inward-looking development from the 1930s to the collapse of import-substituting industrialization and the return to strategies of globalization in the 1980s. Finally, it looks at the long term trends in capital flows, agriculture and the environment.
In the 1990s, 'protection', 'import substitution' and 'intervention' have become dirty words, part of the 'leyenda negra' of Latin America development in the postwar period. This book attempts a fresh look at the controversial years between the end of the Second World War and the point when, at varying dates in different countries, a discontinuity occurs in which the postwar 'style of development' ceased to play a central role in the economic evolution of the region. The analysis is based on seven case studies covering eleven countries.
A comprehensive Statistical Appendix provides regional and country-by-country data in such areas as GDP, manufacturing, sector productivity, prices, trade, income distribution and living standards."--BOOK JACKET.
Latin America’s economic performance is mediocre at best, despite abundant natural resources and flourishing neighbors to the north. The perplexing question of how some of the wealthiest nations in the world in the nineteenth century are now the most crisis-prone has long puzzled economists and historians. The Decline of Latin American Economies examines the reality behind the struggling economies of Argentina, Chile, and Mexico. A distinguished panel of experts argues here that slow growth, rampant protectionism, and rising inflation plagued Latin America for years, where corrupt institutions and political unrest undermined the financial outlook of already besieged economies. Tracing Latin America’s growth and decline through two centuries, this volume illustrates how a once-prosperous continent now lags behind. Of interest to scholars and policymakers alike, it offers new insight into the relationship between political systems and economic development.
The events and processes that have taken place in the last decade in South America have given way to one of the most interesting regional phenomena under a global crisis and within a changing world order. From the traditional status of Washington ́s backyard and reign of economic and political stability, South America has increasingly turned into a region marked by a heterodox development in the light of other dominant regional tendencies of development-the European Union, NAFTA and the Asia Pacific. The political economic nature of the new South American regionalism (NSAR) is far from echoing the dominant interpretations about it, which reflects the major regional projects today. Given the reach and scope of the existing literature on the topic of the NSAR, there is an important gap concerning its academic exploration in relation to its nature of development, political economic complexity, challenges and orientations. In this sense, this book explores, from a wider and pluralist political economic perspective, the developmental dimensions of the NSAR within a changing hemispheric and world order in transformation. It analyses a set of specific debates: regionalism in the Americas then and now; social and economic development and regional integration; and organized crime, intelligence and defence. An in depth and critical reflection on the complex and heterogeneous path of regionalization taking place in South America from different perspectives and in key issues of regional development.
Political Institutions and Economic Growth in Latin America offers a new contribution to the literature on institutions and growth through the analysis of historical cases of institutional change and economic growth in Latin America in the nineteenth and twentieth centuries.
A New York Times Book Review Editors’ Choice “Extremely wide-ranging and well researched . . . In a tradition of protest literature rooted more in William Blake than in Marx.” —Adam Gopnik, The New Yorker The epic story of how coffee connected and divided the modern world Coffee is an indispensable part of daily life for billions of people around the world. But few coffee drinkers know this story. It centers on the volcanic highlands of El Salvador, where James Hill, born in the slums of Manchester, England, founded one of the world’s great coffee dynasties at the turn of the twentieth century. Adapting the innovations of the Industrial Revolution to plantation agriculture, Hill helped turn El Salvador into perhaps the most intensive monoculture in modern history—a place of extraordinary productivity, inequality, and violence. In the process, both El Salvador and the United States earned the nickname “Coffeeland,” but for starkly different reasons, and with consequences that reach into the present. Provoking a reconsideration of what it means to be connected to faraway people and places, Coffeeland tells the hidden and surprising story of one of the most valuable commodities in the history of global capitalism.
The experiment with neoliberal market-oriented economic policy in Latin America, popularly known as the Washington Consensus, has run its course. With left-wing and populist regimes now in power in many countries, there is much debate about what direction economic policy should be taking, and there are those who believe that state-led development might be worth trying again. Susan Gauss’s study of the process by which Mexico transformed from a largely agrarian society into an urban, industrialized one in the two decades following the end of the Revolution is especially timely and may have lessons to offer to policy makers today. The image of a strong, centralized corporatist state led by the Partido Revolucionario Institucional (PRI) from the 1940s conceals what was actually a prolonged, messy process of debate and negotiation among the postrevolutionary state, labor, and regionally based industrial elites to define the nationalist project. Made in Mexico focuses on the distinctive nature of what happened in the four regions studied in detail: Guadalajara, Mexico City, Monterrey, and Puebla. It shows how industrialism enabled recalcitrant elites to maintain a regionally grounded preserve of local authority outside of formal ruling-party institutions, balancing the tensions among centralization, consolidation of growth, and Mexico’s deep legacies of regional authority.
A milestone in the understanding of British history and imperialism, and truly global in its reach, this magisterial account received numerous accolades from reviewers in its first edition. The first to coin the phrase "gentlemanly capitalism", Cain and Hopkins make the strong and provocative argument that it is impossible to understand the nature and evolution of British imperialism without taking account of the peculiarities of her economic development. In particular, the growth of the financial sector - and above all, the City of London - played a crucial role in shaping the course of British history and Britain's relations overseas. Now with a substantive new introduction and a conclusion, the scope of the original account has been widened to include an innovative discussion of globalization.
