The Decline of Latin American Economies: Growth, Institutions, and Crises (National Bureau of Economic Research Conference Report)

Latin AmericaвЂTMs economic performanceВ 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 AmericaвЂTMs 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. В В В Leandro Prados de la Escosura Leandro Prados de la Escosura -- Pedro Lains Leandro Prados de la Escosura -- Pedro Lains -- Kenneth L. Sokoloff and Eric M. Zolt Leandro Prados de la Escosura -- Pedro Lains -- Kenneth L. Sokoloff and Eric M. Zolt -- Michael D. Bordo and Christopher M. Meissner Leandro Prados de la Escosura -- Pedro Lains -- Kenneth L. Sokoloff and Eric M. Zolt -- Michael D. Bordo and Christopher M. Meissner -- Gerardo della Paolera and Martin Grandes Leandro Prados de la Escosura -- Pedro Lains -- Kenneth L. Sokoloff and Eric M. Zolt -- Michael D. Bordo and Christopher M. Meissner -- Gerardo della Paolera and Martin Grandes -- Noel Maurer and Stephen Haber Leandro Prados de la Escosura -- Pedro Lains -- Kenneth L. Sokoloff and Eric M. Zolt -- Michael D. Bordo and Christopher M. Meissner -- Gerardo della Paolera and Martin Grandes -- Noel Maurer and Stephen Haber -- Luis A. V. Catão Leandro Prados de la Escosura -- Pedro Lains -- Kenneth L. Sokoloff and Eric M. Zolt -- Michael D. Bordo and Christopher M. Meissner -- Gerardo della Paolera and Martin Grandes -- Noel Maurer and Stephen Haber -- Luis A. V. Catão -- Sebastian Edwards Leandro Prados de la Escosura -- Pedro Lains -- Kenneth L. Sokoloff and Eric M. Zolt -- Michael D. Bordo and Christopher M. Meissner -- Gerardo della Paolera and Martin Grandes -- Noel Maurer and Stephen Haber -- Luis A. V. Catão -- Sebastian Edwards -- Gerardo Esquivel and Graciela Márquez Leandro Prados de la Escosura-- Pedro Lains-- Kenneth L. Sokoloff and Eric M. Zolt-- Michael D. Bordo and Christopher M. Meissner-- Gerardo della Paolera and Martin Grandes-- Noel Maurer and Stephen Haber-- Luis A. V. Catão-- Sebastian Edwards-- Gerardo Esquivel and Graciela Márquez-- Aurora Gómez-Galvarriato Latin America's Economic Performance Is Mediocre At Best, Despite Abundant Natural Resources And Flourishing Neighbours 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. This Book Examines The Reality Behind The Struggling Economies Of Argentina, Chile, And Mexico. A 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. When Did Latin America Fall Behind? / Leandro Prados De La Escosura -- Before The Golden Age / Pedro Lains -- Inequality And The Evolution Of Institutions Of Taxation / Kenneth L. Sokoloff And Eric M. Zolt -- Financial Crises, 1880-1913 / Michael D. Bordo And Christopher M. Meissner -- True Measure Of Country Risk / Gerardo Della Paolera And Martin Grandes -- Related Lending / Noel Maurer And Stephen Haber -- Sudden Stops And Currency Drops / Luis A. V. Catão -- Establishing Credibility / Sebastian Edwards -- Some Economic Effects Of Closing The Economy / Gerardo Esquivel And Graciela Márquez -- Political Economy Of Protectionism / Aurora Gómez-galvarriato. Edited By Sebastian Edwards, Gerardo Esquivel, And Graciela Márquez. Includes Bibliographical References And Indexes. "In this volume, leading experts on the economic history of Latin America examine the puzzle and reach important conclusions. Two themes are prominent: first, that institutions have played an important role in shaping the Latin American economies; and second, that political considerations - including, in particular, distributional struggles - have been crucial in determining economic outcomes in the region. There is a focus on the interaction of economic growth, taxation, and institutions, as well as how financial crises, lending, and inflation have affected development. The international context is important, as is clear from attention to protectionism and economic performance." "This vital book offers analytical insights into today's debates on the implications that political and institutional changes may have for economic development. Of interest to scholars and policymakers alike, it offers new insight into the relationship between political systems and economic development."--Jacket Latin AmericaвЂTMs economic performanceВ 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 AmericaвЂTMs 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. В В В 1......Page 1 2......Page 10 3......Page 24 4......Page 68 5......Page 92 6......Page 148 7......Page 204 8......Page 222 9......Page 252 10......Page 300 11......Page 342 12......Page 372 13......Page 416