Latin America has been central to the main debates on development economics,
ranging from the relationships between income inequality and economic growth, and the
importance of geography versus institutions in development, to debates on the effects of
trade, trade openness and protection on growth and income distribution. Despite increasing
interest in the region there are few English language books on Latin American economics.
The contributors are leading researchers that belong to different schools of economic
thought and most come from countries throughout Latin America, representing a range of
views and recognising the diversity of the region. This Handbook is a significant
contribution to the field, and will be of interest to academics, graduate students and
policy makers interested in economics, political economy, and public policy in Latin
America and other developing economies.
Jose Antonio Ocampo is Professor
and Director of the Economic and Political Development Program at the School of
International and Public Affairs (SIPA), and Member of the Committee on Global Thought,
and Co-President of the Initiative for Policy Dialogue at Columbia University, New York.
He is a former Under-Secretary-General of the United Nations for Economic and Social
Affairs, Executive Secretary of the Economic Commission for Latin America and the
Caribbean (ECLAC/CEPAL), and Minister of Finance of Colombia.
Jaime Ros is Professor of Economics
and Fellow of the Kellogg Institute for International Studies, University of Notre Dame.
He is former Professor of Economics at the Centro de Investigacion y Docencia Ecocomicas
(CIDE), Mexico
Table of Contents
Part I: Development Paradigms and Long-term Growth Performance
1. Shifting Paradigms in Latin America's Economic Development, . Jose Antonio Ocampo and
Jaime Ros
2. Institutions and the Historical Roots of Latin American Divergence, Luis Bertola
3. Political Institutions, Policymaking, and Economic Policy in Latin America, Mariano
Tommasi, Martin Ardanaz, and Carlos Scartascini
4. The Washington Consensus: Assessing A 'Damaged Brand', Nancy Birdsall, Augusto de la
Torre, and Felipe Valencia Caicedo
5. From Old to New Developmentalism in Latin America, Luiz Carlos Bresser-Pereira
6. Environmental Sustainability, Carlos de Miguel and Osvaldo Sunkel
Part II. Macroeconomics and Finance
7. Taming Capital Account Shocks: Managing Booms and Busts, Ricardo Ffrench-Davis and
Stephany Griffith-Jones
8. Exchange Rate Regimes in Latin America, Roberto Frenkel and Martin Rapetti
9. Monetary Policy in Latin America: Performance under Crisis and the Challenges of
Exuberance, Pablo Garcia and Manuel Marfan
10. Domestic Financial Development in Latin America, Jose Maria Fanelli
11. Fiscal Policy in Latin America, Guillermo Perry and Mauricio Cardenas
12. Fiscal Legitimacy, Inequalities and Democratic Consolidation in Latin America, Javier
Santiso and Pablo Zoido
Part III: Integration into the World Economy
13. Latin America in the World Trade System, Diana Tussie
14. Regional Integration, Paolo Giordano and Robert Devlin
15. The Effects of Trade Liberalization on Growth, Employment and Wages, Eduardo Lora
16. Recent Commodity Price Boom and Latin American Growth: More than New Bottles for an
Old Wine?, Edmar Bacha and Albert Fishlow
17. Curse or Blessing? Natural Resources and Human Development, Francisco Rodriguez and
Jose Gregorio Pineda
18. Foreign Direct Investment in Latin America., Joao Carlos Ferraz, Michael Mortimore and
Marcia Tavares
19. China and the Future of Latin American Economic Development, Kevin Gallagher and
Roberto Porzecanski
20. Latin America in the Recent Wave of International Migration, Alejandro Canales
Part IV: Productive Sector Development
21. Structural Transformation and Economic Growth in Latin America, Ricardo Hausmann
22. Learning, Technological Capabilities and Structural Dynamics, Mario Cimoli and Gabriel
Porcile
23. Why Has Productivity Growth Stagnated In Most Latin American Countries Since The
Neo-Liberal Reforms?, Jose Gabriel Palma
24. Agricultural and Rural Development, Salomon Salcedo, Fernando Soto-Baquero, Jose
Graziano da Silva, Rodrigo Castaneda, and Sergio Gomez
25. An Energy Panorama of Latin America, Humberto Campodonico
26. Infrastructure in Latin America, Cesar Calderon and Luis Serven
Part V: Social Development
27. The Rise and Fall of Income Inequality in Latin America, Leonardo Gasparini and Nora
Lustig
28. Multidimensional Poverty in Latin America: Concept, Measurement and Policy, Rebeca
Grynspan and Luis Felipe Lopez Calva
29. Economic Insecurity and Development in Latin America and the Caribbean, Robert Vos
30. Employment: The Dominance of the Informal Economy, Victor Tokman
31. Latin American Labor Reforms: Evaluating Risk and Security, Maria Victoria Murillo,
Lucas Ronconi, and Andrew Schrank
32. Education, Miguel Urquiola
33. Social Assistance in Latin America: Achievements and Limitations, Francisco Ferreira
and David Robalino
34. Social Security Reforms in Latin America, Andras Uthoff
896 pages, Hardcover
