000 06971nam a2200325Ia 4500
001 2163
008 230305s2010 xx 000 0 und d
020 _a9780226004662
041 _aeng
245 0 _aLeft behind
260 _a
_bThe University of Chicago Press,
_c2010
300 _axi + 292 p. ; 23 cm
500 _alatin america and the false promise of populism
505 _a1 Latin America: The Eternal Land of the Future
_r· The Economic Future of Latin America and the United States--
_r· From the Washington Consensus to the Resurgence of Populism: A Brief Overview--
_r· The Main Argument: A Summary--
_r· A Conceptual Framework: The Economic Prosperity of Nations and the Mechanics of Successful Growth Transitions--
_r--
_rPART ONE--
_rA Long Decline: From Independence to the Washington Consensus--
_r2 Latin America's Decline: A Long Historical View--
_r· A Gradual and Persistent Decline--
_r· The Poverty of Institutions and Long Term Mediocrity--
_r· Currency Crises, Instability and Inflation--
_r· Inequality and Poverty--
_r· So Far from God, and So Close to the United States--
_r--
_r3 From the Alliance for Progress to the Washington Consensus--
_r· The Cuban Revolution and the Alliance for Progress--
_r· Protectionism and Social Conditions--
_r· Informality and Unemployment--
_r· Fiscal Profligacy, Monetary Largesse, Instability, and Currency Crises--
_r· Oil Shocks and Debt Crisis--
_r· The Lost Decade, Market Reforms, and the Washington Consensus--
_r--
_rPART TWO--
_rThe Washington Consensus and the Recurrence of Crises, 1989-2002--
_r4 Fractured Liberalism: Latin America's Incomplete Reforms--
_r· Institutions and Economic Performance--
_r· Institutions Interrupted: A Latin American Scorecard--
_r· Economic Policy Reform: A Decalogue Manqué--
_r· Summing Up: Mediocre Policies and Weak Institutions--
_r5 Chile, Latin America's Brightest Star--
_r· Chile under President Salvador Allende, 1970-73--
_r· The Chicago Boys and Chile's Trip to the Market--
_r· The Chicago Boys, Politics, and Labor Unions--
_r· Chile: A Case of a Successful Growth Transition--
_r· Pragmatism, Markets, and Success--
_r· Restricting Speculative Capital Flows--
_r· The Key Role of Institutions and the Failure of Copycats--
_r· Chile's Legacy--
_r6 So Far from God: Mexico's Tequila Crisis of 1994--
_r· The Mexican Miracle: A Mirage?--
_r· The Exchange Rate, Capital Flows, and External Imbalances--
_r· 1994: A Recurrent Nightmare--
_r· The Aftermath of the Tequila Crisis--
_r· Lessons from the Mexican Crisis--
_r· Pegging the Currency: A Recurrent Latin American Mistake--
_r7 The Mother of All Crises: Argentina, 2001-2002--
_r· A Long History of Instability and High Inflation--
_r· Please, Tie My Hands!--
_r· The Mexican Crisis and the Weaknesses of the Convertibility Law--
_r· The Fixed Exchange Rate Becomes a Straitjacket--
_r· The Inability to Withstand External Shocks in 1999-2001--
_r· Another Foretold Disaster--
_r· Devaluation, Default, and Pesification--
_r· Social Costs, Recovery, and Populism--
_r--
_rPART THREE--
_rThe Populist Reaction--
_r8 Populism, Neopopulism, and Inequality in the New Century--
_r· Populism and Neopopulism--
_r· The Populist Cycle: From Euphoria to Regret--
_r· The Polices of Neopopulism--
_r· Inequality and Neopopulism in Latin America--
_r· Openness, Globalization, Inequality, and Social Conditions--
_r· Income Disparities and Education--
_r· Populism and Political Institutions--
_r· Neopopulism and Neoconstitutionalism--
_r9 Chávez's Challenge and Lula's Response--
_r· Hugo Chávez and the Path to Bolivarian Populism--
_r· The Bolivarian Revolution and Its Disappointment--
_r· Chávez and Social Conditions--
_r· The Surprising Absence of Populism in Brazil--
_r· Stability and Social Programs in Lula's Brazil--
_r· Lula's Pragmatism and Chávez's Ideology--
_r· Brazil's Challenges in the Post-Lula Era--
_r--
_rPART FOUR--
_rChallenges for the Future--
_r10 A Three-Speed Latin America for the Twenty-first Century--
_r· The Institutions of the State and the Narcotics Trade--
_r· Three Latin American Clusters for the Twenty-first Century--
_r· A Final Word--
520 _aThe political and economic history of Latin America has been marked by great hopes and even greater disappointments. Despite abundant resources-and a history of productivity and wealth-in recent decades the region has fallen further and further behind developed nations, surpassed even by other developing economies in Southeast Asia and elsewhere. ; ; In Left Behind, Sebastian Edwards explains why the nations of Latin America have failed to share in the fruits of globalization and forcefully highlights the dangers of the recent turn to economic populism in the region. He begins by detailing the many ways Latin American governments have stifled economic development over the years through excessive regulation, currency manipulation, and thoroughgoing corruption. He then turns to the neoliberal reforms of the early 1990s, which called for the elimination of deficits, lowering of trade barriers, and privatization of inefficient public enterprises-and which, Edwards argues, held the promise of freeing Latin America from the burdens of the past. Flawed implementation, however, meant the promised gains of globalization were never felt by the mass of citizens, and growing frustration with stalled progress has led to a resurgence of populism throughout the region, exemplified by the economic policies of Venezuela'sHugo Chávez. But such measures, Edwards warns, are a recipe for disaster; instead, he argues, the way forward for Latin America lies in further market reforms, more honestly pursued and fairly implemented. As an example of the promise of that approach, Edwards points to Latin America's giant, Brazil, which under the successful administration of President Luis Inácio da Silva (Lula) has finally begun to show signs of reaching its true economic potential. ; ; As the global financial crisis has reminded us, the risks posed by failing economies extend far beyond their national borders. Putting Latin America back on a path toward sustained growth is crucial not just for the region but for the world, and Left Behind offers a clear, concise blueprint for the way forward. ; ;
630 _aHC ECONOMY HISTORY AND CONDITIONS
_9181
650 _aPopulism
_xLatin America
_xHistory
_x20th century
_99838
650 _aLatin America
_xEconomic policy
_99839
650 _aLatin conditions
_99840
650 _aLatin America
_xSocial America
_xPolitics and government
_99841
650 _a
_912
700 _aEdwards, Sebastian,
_eAuthor
856 _uhttps://books.google.es/books?id=CO9T_C8j2rkC&printsec=frontcover&dq=left+behind+sebastian+edwards&hl=es&sa=X&ved=0ahUKEwiQtITNoefaAhUrxaYKHQdICUoQ6AEIJzAA#v=onepage&q=left%20behind%20sebastian%20edwards&f=false
902 _a852
905 _am
912 _a2010-01-01
942 _a1
953 _d2018-05-02 16:44:28
999 _c2103
_d2103