Rowman & Littlefield Publishers
Pages: 592
•
Trim: 7 x 10
978-1-4422-1217-6 • Paperback • September 2018 • $98.00 • (£75.00)
978-1-4422-1218-3 • eBook • September 2018 • $93.00 • (£72.00)
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
Maps
1 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 clearly written and organized. . . . It presents a wealth of detailed and illustrative data with precise definitions. . . . It is one of the best texts on the political economy of Latin America. It clearly presents and discusses the challenges and contradictions of contemporary development models in the region. . . . Highly recommend[ed] . . . for upper level undergraduate courses or graduate level courses on the development of Latin America. (Previous Edition Praise)— The Latin Americanist
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.
— Kevin Gallagher, Boston University
This useful text . . . is a welcome addition to the growing list of texts surveying the economics of Latin America. . . . A wealth of details is provided in the author's presentation, which includes numerous charts and graphs on major issues such as privatization, trade, finance, competitiveness, and social policies. (Previous Edition Praise)— Choice Reviews
This thoroughly updated edition of Patrice Franko’s text is most welcome. I have used previous editions successfully both in advanced undergraduate economics courses and in graduate-level Latin American courses drawing students from diverse disciplines, with minimal economics background. The book has just the right balance of quantitative material and engaging examples of the dilemmas of Latin American development from the perspective of its peoples.
— Carmen Diana Deere, University of Florida
Superbly written, this book unravels the tortured history of Latin American economic development, making it comprehensible and enjoyable reading. Armed with the most current statistics and case studies . . . Franko fairly assesses successes and failures, from the import substitution policy to the state-led development and the 'radical shift' to the neoliberal experiment in the 1990s. . . . Essential. (Previous Edition Praise)— Richard Salvucci; H-Latam
Patrice Franko’s thorough examination of Latin America’s economic evolution in the post–Cold War era sheds light on the puzzle of hope and frustration she expertly describes. This masterly book, now in its fourth edition, remains mandatory reading for those interested in understanding the world’s most unequal region.
— Paulo Sotero, Brazil Institute, Wilson Center
A splendid job . . . a careful, clear, and thoughtful attempt to explain 'the puzzle of Latin American development.' . . . Thoroughly up-to-date, conversant with the standard discussions, and amply buttressed by recent socioeconomic indicators in over one hundred tables. . . . Well informed, unbiased and scrupulously fair. (Previous Edition Praise)— David Schodt, St. Olaf College
Patrice Franko's book is engaging, it focuses on important contemporary issues, and it challenges students. This text will serve introductory students well, while also offering sufficient analytical substance and institutional detail for those with more background in economics. It clearly illustrates how economics can help us understand important issues in the region. (Previous Edition Praise)— Carol Wise, University of Southern California
Franko’s book is the most comprehensive book available, while also providing an engaging text for students. It is an excellent stand-alone text for economic novices and a wonderful starting point for more advanced economics students. (Previous Edition Praise)— Kristina Lybecker, Colorado College
Presents economic issues faced by Latin American countries at a level accessible to readers with little economics background
Comprehensive, up-to-date coverage of development policies and outcomes
An active learning approach engages students in policy problems and data analysis through the use of exercises and case studies
The use of "key concept" boxes supplies introductory students with basic tools without distracting advanced students
Provides an appreciation of the diversity of the development experience in the region
Balances macroeconomic and "human" issues
Single-author voice offers a coherent analytical focus
Fundamentally updates the role of the state, reflecting the balancing of the neoliberal model with selective state intervention
Focuses on international capital flows to highlight the delicate equilibrium between fiscal sustainability and lower cost of capital in the international market as a requisite for growth
Updates the progress of liberalization and trade agreements
New features
-Thoroughly updated approach to poverty and social inclusion
-Revised chapters on health and education reflect regional innovations
Environment chapter includes new focus on water, urbanization, and climate change
-Considers trade agreements that reflect global changes and value-chain approach
-Highlights the growing role of China