Description
This is a reader that applies the newest debates in political economy to the analysis of Latin America in a way that is thematically and theoretically cohesive.. Modern Political Economy and Latin America consists of carefully selected, edited readings in Latin American political economy. The editors, Jeffry Frieden and Manuel Pastor, Jr., include an introductory chapter, and a concluding article as well as brief introductions to all sections. These inclusions will make explicit the theoretical underpinnings of each article, and will highlight their respective contributions to the ongoing debates in Latin America. } Modern Political Economy and Latin America consists of carefully selected, edited readings in Latin American political economy. The editors, Jeffry Frieden and Manuel Pastor, Jr., include an introductory chapter, and a concluding article as well as brief introductions to all sections. These inclusions will make explicit the theoretical underpinnings of each article, and will highlight their respective contributions to the ongoing debates in Latin America.Latin American economies are undergoing profound transformations. And, in the wake of a decade-long debt crisis, the statist models of the past are giving way to a reliance on the market even as authoritarian rule seems to have ebbed in favor of new or reborn democratic institutions. As a result, the policy framework guiding economic and political development is likely to be fundamentally different. The analysis of Latin America needs a strong dose of modern political economy--one that can bring the area studies field up to date with the recent developments on the theoretical end of the economics and political science professions. This book helps fill that need. }
Table of Contents
Introduction -- Theoretical Perspectives -- Contending Perspectives on Market Failure and Government Failure -- The Origins of Structuralism -- Government Failures in Development -- What Washington Means by Policy Reform -- How Can States Foster Markets? -- Improving the State's Institutional Capability -- Explanations of Government Policy -- The Method of Analysis: Modern Political Economy -- Political Models of Macroeconomic Policy and Fiscal Reforms -- Understanding Economic Policy Reform -- What Do We Know About the Political Economy of Economic Policy Reform? -- Uses and Limitations of Rational Choice -- Applications -- The Political Economy of Growth since Independence -- Obstacles to Economic Growth in Nineteenth-Century Mexico -- Economic Retardation in Nineteenth-Century Brazil -- Factor Endowments, Institutions, and Differential Paths of Growth Among New World Economies: -- Latin American Manufacturing and the First World War -- Latin America in the 1930s -- Foreign Trade and Industrial Policy -- Import Substitution Industrialization -- Was Latin America Too Rich to Prosper? Structural and Political Obstacles to Export-Led Industrial Growth -- The Case for Trade Liberalization in Developing Countries -- The Origins of Mexico's Free Trade Policy -- The Political Economy of MERCOSUR -- Foreign Capital and the Macroeconomy -- Forms of External Capital and Economic Development in Latin America: 1820窶�1997 -- External Debt and Macroeconomic Performance in Latin America and East Asia -- Inflows of Capital to Developing Countries in the 1990s -- Foreign Direct Investment in Developing Countries: Progress and Problems -- The Political Economy of Foreign Direct Investment in Latin America -- Political Institutions and Economic Policy -- Challenging the Conventional Wisdom -- Democratic Institutions, Economic Policy, and Development -- A Game Theoretic Model of Reform in Latin American Democracies -- International Capital Flows and the Politics of Central Bank Independence -- Preemptive Strike: Central Bank Reform in Chile's Transition from Authoritarian Rule -- Social and Economic Issues -- Facing Up to Inequality in Latin America -- Income Distribution, Capital Accumulation, and Growth -- Public Finance from a Gender Perspective -- The Political Economy of Environmental Policy Reform in Latin America -- National Factor Markets and the Macroeconomic Context for Environmental Destruction in the Brazilian Amazon
