Latin American Economic Development: 3rd Edition (Paperback) book cover

Latin American Economic Development

3rd Edition

By Javier A. Reyes, W. Charles Sawyer


376 pages | 45 B/W Illus.

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Paperback: 9781138388413
pub: 2019-11-20
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Latin America is one of the most intriguing parts of the world. The region’s illustrious history, culture, and geography are famous internationally, but in terms of economics, Latin America has been generally associated with problems. For many, the combination of a resource-rich region and poor economic conditions has been a puzzle.

This extensively revised and updated second edition of Latin American Economic Development continues to provide the most up-to-date exploration of why the continent can be considered to have underperformed, how the various Latin American economies function, and the future prospects for the region. The book addresses the economic problems of Latin America theme by theme.

Changes and new features in this new edition include:

  • A new chapter on economic growth that reflects the new understanding of slow growth in the region
  • Two new appendices on basic microeconomics and macroeconomics
  • Expanded coverage on new commodities such as lithium and quinoa
  • A number of new boxes and updates to existing boxes

The book provides a comprehensive text for undergraduate economics courses on Latin America, and is also suitable for use by students in other disciplines looking for a wide ranging guide to the region. This book will continue to be an invaluable resource for undergraduates looking at Latin American economics, growth, and development.

Table of Contents


List of Figures

List of Tables



Chapter 1 Latin America and the world economy

Chapter 2 Latin American economic history

Chapter 3 Economic Growth and Latin America

Chapter 4 Limits to Growth in Latin America

Chapter 5 Growth and the environment in Latin America

Chapter 6 Latin America and primary commodities

Chapter 7 Import substitution in Latin America

Chapter 8 Latin American trade policy

Chapter 9 Exchange Rate Policy

Chapter 10 Financing current account deficits

Chapter 11 Macroeconomic policy in Latin America

Chapter 12 Macroeconomic stability

Chapter 13 Poverty and inequality

Chapter 14 Economic policy debates in Latin America

Appendix: Demand and Supply

Appendix: Basic Macroeconomics


About the Authors

Javier A. Reyes is Professor of Economics and the Milan Puskar Dean of the John Chambers College of Business and Economics, University of West Virginia, USA.

W. Charles Sawyer is the Hal Wright Professor of Latin American Economics, Texas Christian University, USA.

About the Series

Routledge Textbooks in Development Economics

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Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / International / General
BUSINESS & ECONOMICS / Economics / Macroeconomics
BUSINESS & ECONOMICS / Economics / General
BUSINESS & ECONOMICS / Economics / Comparative
BUSINESS & ECONOMICS / International / Economics
POLITICAL SCIENCE / World / Caribbean & Latin American