3rd Edition

Latin American Economic Development

By Javier A. Reyes, W. Charles Sawyer Copyright 2020
    356 Pages 45 B/W Illustrations
    by Routledge

    356 Pages 45 B/W Illustrations
    by Routledge

    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 third 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;
      • for instructors, PowerPoint presentations and an extensive test bank are available.

    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.


    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



    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, US.

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