Puzzle of Latin American Economic Development

Patrice Franko is Grossman Professor of Economics & Global Studies at Colby College and director of the Goldfarb Center for Public Affairs.

• Tables, Figures, and Boxes Preface Abbreviations Maps1 Development in Latin America 2 Historical Legacies 3 Import Substitution Industrialization 4 Latin America’s Debt Crisis 5 Macroeconomic Stabilization 6 Public and Private Capital Flows to Latin America 7 Contemporary Trade Policy 8 Microeconomic Foundations for Growth and Competitiveness in the Global Economy 9 Latin American Agriculture 10 Poverty in Latin America 11 Health Policy 12 Education 13 Promoting Sustainable Environments in Latin America 14 Lessons (Not Quite) Learned Glossary Bibliography

This book is essential for any student or policy-maker looking to solve the puzzle of economic development in Latin America. Why, after trying the full gamut of economic reforms, has the region had lackluster economic growth, frequent financial instability, persistent inequality, accentuated social conflict, and acute environmental degradation relative to other developing regions across the world? Franko’s fourth edition is a student and battle-tested guide to the history, economics, politics, and institutional factors that surround Latin American economic policy-making that equips the reader with the perspective needed to learn from the past and forge a better future.