This book considers the historical and contemporary determinants of the financial crisis facing Latin America from a political economy perspective and compares the effects of and responses to the crisis in a number of countries. It discusses the internal policy errors that led to financial blow-ups.
1. Introduction Part 1: Historical and Comparative Perspectives 2. Political Regimes and Economic Performance in Latin America 3. Bureaucratic-Authoritarian Regimes in Comparative Perspective 4. Latin American Adjustment to the Oil Shocks of 1973 and 1979 5. On Financial Blowups and Authoritarian Regimes in Latin America Part 2: Military and Civilian Regimes: Spectacular Failures and Moderate Successes 6. Overcoming Argentina's Stop-and-Go Economic Cycles 7. Economic Policy and Political Opening in Brazil 8. Chile: In Search of Lost Democracy 9. The Tragedy of Lost Opportunity in Peru 10. Development and Crisis in Mexico: A Structuralist Approach 11. Colombia: Moderate Economic Growth, Political Stability, and Social Welfare 12. Cuba's Centrally Planned Economy: An Equity Trade-off for Growth 13. Nicaragua: The Experience of the Mixed Economy Part 3: Commentaries