Economies of Latin America

Cesar M. Rodriguez, Department of Economics, Portland State University, USA; W. Charles Sawyer, Texas Christian University, USA

• Chapter 1. Introduction 1. The Promise of Latin America 1. Land 2. People 3. Resources 2. Latin America as a Relative Failure: You Aren’t in East Asia 3. History Matters 1. History 2. The Post WW II mistake 3. Recovery 4. The Continuation of Economic Failure 1. Education 2. Infrastructure 3. Social Issues 3. Structural Change 5. The Details 1. ABM 2. The rest of South America 3. Central America Chapter 2. A Brief Economic History 1. The Dismal History 1. The Colonial Legacy 2. Post-Independence Losses 3. What could have happened: The Golden Age 4. Wars and Depression 5. Debt as a regional habit 2. The Wrong Turn 1. Import Substitution Industrialization 2. Economic Isolation as a choice 3. Subsidies to Industry 4. Economic Rents and Inequality 3. The Predictable Collapse 1. The 1970s 2. Debt Shocks 3. Exchange Rate Shocks 4. Macroeconomic Instability 5. The way out: The Brady Plan 4. The New Normal 1. Macroeconomic Stability 2. Commodity based growth (or not) 　 Chapter 3. What’s Wrong: The Usual List of Suspects 1. Growth Accounting 2. Limits to Growth 3. Education and Infrastructure 4. Structural Change 5. Social Issues 6. The Curse of Informality Chapter 4 Argentina and Brazil 1. The Basics: Population, GDP, GDP per capita 2. The Macroeconomic Record 3. Economic Structure: Ag, Industry, and Services 4. Foreign Trade 5. Country Specific Details Chapter 5 Chile, Colombia, Peru, and Uruguay 1. The Basics: Population, GDP, GDP per capita 2. The Macroeconomic Record 3. Economic Structure: Ag, Industry, and Services 4. Foreign Trade 5. Country Specific Details Chapter 6 The Laggards: Bolivia, Ecuador, Paraguay, Venezuela 1. The Basics: Population, GDP, GDP per capita 2. The Macroeconomic Record 3. Economic Structure: Ag, Industry, and Services 4. Foreign Trade 5. Country Specific Details Chapter 7 Mexico and Central America 1. The Basics: Population, GDP, GDP per capita 2. The Macroeconomic Record 3. Economic Structure: Ag, Industry, and Services 4. Foreign Trade 5. Country Specific Details 　 Chapter 8 Looking Toward the Future 1. A 2 or 3 track region 2. Turning around limits to growth 3. The usual drill does not apply 4. A Latin American version of success