1st Edition

Market Liberalism, Growth, and Economic Development in Latin America

320 Pages 89 B/W Illustrations

by Routledge

320 Pages 89 B/W Illustrations

by Routledge

272 Pages

by Routledge

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Description

The principal themes pursued in this book emerge from the great transformation that the Latin American and the Caribbean economies experienced in the aftermath of both the foreign debt crisis of 1982 and the macroeconomic stabilisation policies that vividly and painfully produced the so-called "lost decade" of the 1980s. Latin America implemented an economic liberalisation process during... Read more

Part 1: Trade Liberalization, Development and Regional Integration 1. Has Trade Liberalisation in Poor Countries Delivered the Promises Expected? Penélope Pacheco-López and A.P. Thirlwall 2. Beyond the Washington Consensus: The Quest for an Alternative Development Paradigm for Latin America Ignacio Perrotini-Hernández, Juan Alberto Vázquez-Muñoz and Blanca L. Avendaño-Vargas 3. Foreign Trade and Per Capita Income: New Evidence for Latin America and the Caribbean Humberto Ríos-Bolívar and Omar Neme-Castillo 4. Regional Integration and its Effects on Inward FDI in Developing Countries: A Comparison Between North-South (Mexico) and South-South (Brazil) Integration Thomas Goda 5. Trade Blocs as Determinants of Trade Flows in South American Countries: An Augmented Gravity Approach Clemente Hernandez-Rodriguez Part 2: Trade Reforms and Development Experience: Case Studies in Latin America 6. Downhill or the Long Agony of Argentinean Development Alcino Ferreira Câmara-Neto and Matías Vernengo 7. The Determinants of FDI in Chile: A Gravity Model Approach Matteo Grazzi 8. Assessment of the Distributive Impact of Trade Reforms in Uruguay Fernando Borraz, Daniel Ferrés and Máximo Rossi Part 3: Economic liberalization, Development and Growth in Mexico 9. Economic Liberalization and Income Distribution: Theory and Evidence in Mexico Gerardo Angeles-Castro 10. How Risk Factors Affect Growth in Mexico: A Free-Market Liberalism Approach Francisco Venegas-Martínez 11. Anti-Inflationary Policy and Financial Fragility, a Microeconomic Analysis: The Case of Mexico, 1990 – 2004 Ignacio Perrotini-Hernández, Blanca Lilia Avendaño-Vargas and Juan Alberto Vázquez-Muñoz 12. Technological Innovation and Sectoral Productivity in the Mexican Economy: Regional Evidence José Carlos Trejo-García, Humberto Ríos-Bolívar and Ana Lilia Valderrama-Santibáñez 13. The Robustness of Okun’s Law: Evidence from Mexico. A Quarterly Validation, 1985.1–2006.4 Eduardo Loría and Leobardo de Jesús