Development Macroeconomics in Latin America and Mexico

Professor of Economics at the National University of Mexico and Emeritus Professor at the University of Notre Dame, USA, Jaime Ros specializes in development economics with special reference to Mexico and Latin America. Recent books include Rethinking Economic Development, Growth, and Institutions (OUP, 2013), Algunas Tesis Equivocadas sobre el Estancamiento Económico de México (Colegio de México-UNAM, 2013), The Oxford Handbook of Latin American Economics (OUP, 2011), Development and Growth in the Mexican Economy (OUP, 2009, with Juan Carlos Moreno-Brid), and International Handbook of Development Economics (Edward Elgar, 2008, edited with Amitava Dutt).

• 1. Institutional and Policy Convergence with Growth Divergence in Latin America 2. Productivity and Growth: Stylized Facts and Kaldor's Laws in Latin America 3. The Real Exchange Rate, the Real Wage, and Growth: A Formal Analysis of the "Development Channel" 4. The Dutch Disease, the Staple Thesis and the Recent Natural Resource Boom in South America 5. Close to the Epicenter: Mexico and Canada During the Great Recession 6. Why Does the Mexican Economy Grow Less than that of Chile? 7. Mexico, Looking Ahead: Macroeconomic Policy and Development Strategy

"The book is an attractive combination of theoretical and applied economics. It gives answers to two main questions: What explains the poor growth of the Latin American region over the past thirty years? What explains the diversity in the growth performances of individual Latin American countries in the same period? The legacy of the shocks of the 1980s interacting with the variety of macroeconomic policies (fiscal, monetary, and exchange) can provide satisfactory answers to both questions." - Roberto Frenkel, Principal Research Associate at Centro de Estudios de Estado y Sociedad (CEDES); Honorary Professor, University of Buenos Aires, Argentina "The poor growth performance of Latin America in the post-market reforms era is one of the central facts - and, in a sense, paradoxes - that development economics must explain. This is particularly so of Mexico, a great performer in 1940-80 and a major reformer but one of the most frustrating stories in recent decades. This collection by one of Latin America's leading development economists is an outstanding contribution to this debate. It is a must-read!" - Jose Antonio Ocampo, Professor, Columbia University, USA; former Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC); former Finance Minister of Colombia