266 pages | 7 B/W Illus.
This edited collection uses a history of economic thought perspective to explore the evolving role of Latin America within the context of globalization. In particular, it examines the region’s resilience in the face of the global financial crisis.
Economic Development and Global Crisis explains that Latin America is a region with distinct characteristics and peculiarities which have been shaped from the colonial era up to the present day. The contributions suggest that several features which were perceived as economic backwardness have turned out to be advantageous, and this may explain why Latin America is withstanding the crisis much better than Europe, Japan and the USA.
This book will be of interest to scholars working in the areas of economic development, economic history, the history of economic thought and Latin American studies.
Introduction José Luís Cardoso, Maria Cristina Marcuzzo and Maria Eugenia Romero Sotelo Part I: Insights from the History of Economic Thought 1. Economic Development: Past and present Cosimo Perrotta 2. Jeremy Bentham’s Spanish American Utopia Annie L. Cot 3. Reconsidering Protectionism in Friedrich List’s Economic Theory Juan Fernando Palacio 4. Some Lessons for Monetary Policy Based on Interest Rates Rules from Myrdal’s Monetary Equilibrium: Why should we read Myrdal as a complement of Wicksell? Adrián De León-Arias 5. Recollecting Kalecki’s Studies of the US Economy Julio López G Part II: Latin American Development Theory and Experience Re-Visited 6. Raúl Prebisch and the Keynesian Theory in Latin America Claudia Sunna 7. CEPAL on Investment Criteria and the Planning of Import-Substituting Industrialization Mauro Boianovsky 8. High Development Theory: CEPAL and beyond Davide Gualerzi and Alan Cibils 9. The Concept of Marginality in Latin American Thought: Perspectives and approaches for understanding history Verónica Villarespe and Hilda Caballero 10. The Dependency Theory and Development: A historical review Erasmo Sáenz Carrete 11. The New-Style of Developmentalism in Latin America: Kubitschek and Frondizi Pedro Cezar Dutra Fonseca and Maria Heloisa Lenz 12. Brief Review of Mexico’s Foreign Debt 1824-2010 Juan Carlos Tellez Mosqueda 13. The Crises in Peripheral Countries 1994-2002 and the Balance of Payments Theory: A Historical Approach Noemí Brenta