The Decline of Latin American Economies: Growth, Institutions, and Crises
edited by Sebastian Edwards, Gerardo Esquivel and Graciela Márquez
University of Chicago Press, 2007 eISBN: 978-0-226-18503-3 | Cloth: 978-0-226-18500-2 Library of Congress Classification HC125.D384 2007 Dewey Decimal Classification 330.98
ABOUT THIS BOOK | AUTHOR BIOGRAPHY | REVIEWS | TOC | REQUEST ACCESSIBLE FILE
ABOUT THIS BOOK
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.
AUTHOR BIOGRAPHY
Sebastian Edwards is the Henry Ford II Professor of International Business Economics at the Anderson Graduate School of Management at UCLA. He is the author and editor of several books, including Preventing Currency Crises and Capital Flowsand the Emerging Economies, both published by the University of Chicago Press.
Gerardo Esquivel is professor of economics at El Colegio de México.
Graciela Márquez is professor of history at El Colegio de México.
REVIEWS
"The papers . . . are almost uniformly excellent. Their authors are a distinguished group. Chances are if you're interested in Latin America, you will learn something new."
— Richard J. Salvucci, EH.Net
"The papers are well-written and of high analytical quality. . . . The various authors are generally successful in making the transition from empirical research to understandable and logical conclusions. This is certainly a strong point of the book: it makes high-level empirical analyses accessible to policy makers/"
— Matthew Q. McPherson, Eastern Economic Journal
TABLE OF CONTENTS
Introduction
Sebastian Edwards, Gerardo Esquivel, and Graciela Márquez
I. Economic Growth, Taxation, and Institutions
1. When Did Latin America Fall Behind?
Leandro Prados de la Escosura
2. Before the Golden Age: Economic Growth in Mexico and Portugal, 1910-1950
Pedro Lains
3. Inequality and the Evolution of Institutions of Taxation: Evidence from the Economic History of the Americas
Kenneth L. Sokoloff and Eric M. Zolt
II. Financial Crises, Lending, and Inflation
4. Financial Crises, 1880-1913: The Role of Foreign Currency Debt
Michael D. Bordo and Christopher M. Meissner
5. The True Measure of Country Risk: A Primer on Interrelations between Solvency and the Polity Structure of Emerging Markets, Argentina 1886-1892
Gerardo della Paolera and Martín Grandes
6. Related Lending: Manifest Looting or Good Governance? Lessons from the Economic History of Mexico
Noel Maurer and Stephen Haber
7. Sudden Stops and Currency Drops: A Historical Look
Luis A. V. Catão
8. Establishing Credibility: The Role of Foreign Advisors in Chile's 1955-1958 Stablization Program
Sebastian Edwards
III. Protectionism and Economic Performance
9. Some Economic Effects of Closing the Economy: The Mexican Experience in the Mid-Twentieth Century
Gerardo Esquivel and Graciela Márquez
10. The Political Economy of Protectionism: The Mexican Textile Industry, 1900-1950
Aurora Gómez-Galvarriato
Contributors
Author Index
Subject Index
REQUEST ACCESSIBLE FILE
If you are a student who cannot use this book in printed form, BiblioVault may be able to supply you
with an electronic file for alternative access.
Please have the accessibility coordinator at your school fill out this form.
The Decline of Latin American Economies: Growth, Institutions, and Crises
edited by Sebastian Edwards, Gerardo Esquivel and Graciela Márquez
University of Chicago Press, 2007 eISBN: 978-0-226-18503-3 Cloth: 978-0-226-18500-2
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.
AUTHOR BIOGRAPHY
Sebastian Edwards is the Henry Ford II Professor of International Business Economics at the Anderson Graduate School of Management at UCLA. He is the author and editor of several books, including Preventing Currency Crises and Capital Flowsand the Emerging Economies, both published by the University of Chicago Press.
Gerardo Esquivel is professor of economics at El Colegio de México.
Graciela Márquez is professor of history at El Colegio de México.
REVIEWS
"The papers . . . are almost uniformly excellent. Their authors are a distinguished group. Chances are if you're interested in Latin America, you will learn something new."
— Richard J. Salvucci, EH.Net
"The papers are well-written and of high analytical quality. . . . The various authors are generally successful in making the transition from empirical research to understandable and logical conclusions. This is certainly a strong point of the book: it makes high-level empirical analyses accessible to policy makers/"
— Matthew Q. McPherson, Eastern Economic Journal
TABLE OF CONTENTS
Introduction
Sebastian Edwards, Gerardo Esquivel, and Graciela Márquez
I. Economic Growth, Taxation, and Institutions
1. When Did Latin America Fall Behind?
Leandro Prados de la Escosura
2. Before the Golden Age: Economic Growth in Mexico and Portugal, 1910-1950
Pedro Lains
3. Inequality and the Evolution of Institutions of Taxation: Evidence from the Economic History of the Americas
Kenneth L. Sokoloff and Eric M. Zolt
II. Financial Crises, Lending, and Inflation
4. Financial Crises, 1880-1913: The Role of Foreign Currency Debt
Michael D. Bordo and Christopher M. Meissner
5. The True Measure of Country Risk: A Primer on Interrelations between Solvency and the Polity Structure of Emerging Markets, Argentina 1886-1892
Gerardo della Paolera and Martín Grandes
6. Related Lending: Manifest Looting or Good Governance? Lessons from the Economic History of Mexico
Noel Maurer and Stephen Haber
7. Sudden Stops and Currency Drops: A Historical Look
Luis A. V. Catão
8. Establishing Credibility: The Role of Foreign Advisors in Chile's 1955-1958 Stablization Program
Sebastian Edwards
III. Protectionism and Economic Performance
9. Some Economic Effects of Closing the Economy: The Mexican Experience in the Mid-Twentieth Century
Gerardo Esquivel and Graciela Márquez
10. The Political Economy of Protectionism: The Mexican Textile Industry, 1900-1950
Aurora Gómez-Galvarriato
Contributors
Author Index
Subject Index
REQUEST ACCESSIBLE FILE
If you are a student who cannot use this book in printed form, BiblioVault may be able to supply you
with an electronic file for alternative access.
Please have the accessibility coordinator at your school fill out this form.
It can take 2-3 weeks for requests to be filled.
ABOUT THIS BOOK | AUTHOR BIOGRAPHY | REVIEWS | TOC | REQUEST ACCESSIBLE FILE