Reforming the Reforms in Latin America: Macroeconomics, Trade, Finance

Description

Development has been elusive for Latin America in the 1990s. Notwithstanding tough neoliberal reforms, defeated hyperinflation, and large capital inflows, development of productive capacity and social equity shows a poor performance. These selected essays discuss the analytical bases of a pragmatic policy-oriented approach alternative to neoliberalism. They also analyze macroeconomic management, trade and financial liberalization in recent years. Front Matter....Pages i-xii An introduction....Pages 1-15 Capital formation and the macroeconomic framework: a neostructuralist approach....Pages 16-37 Trade liberalization and growth: recent experiences in Latin America....Pages 38-68 The great Latin American debt crisis: a decade of asymmetric adjustment....Pages 69-100 Surges in capital flows and development: an overview of policy issues in the 1990s....Pages 101-128 Macroeconomic policies for growth....Pages 129-150 Macroeconomic achievements in the democratic transition in Chile....Pages 151-177 Intra-Latin American trade in the 1990s and its analytical base....Pages 178-188 The return of private capital to Latin America: a word of caution in 1992 for ‘successful’ countries....Pages 189-194 The policy implications of the Tequila effect....Pages 195-216 Back Matter....Pages 217-232