Latin America's Economic Future

In the 1990s several Latin American economies have shown signs of recovery from the debt crisis. Growth is particularly evident in those countries that have adopted 'market friendly' policies, including trade liberalization, balance budgets and monetary restraint. Latin America's Economic Future identifies the key steps in these policy reforms and, drawing on contributions from scholars with a detailed knowledge of Latin America, looks at the factors that may cause recovery to be unsustainable. It discusses the shift from protectionism to export-oriented policies that relies heavily on trade liberalization, real devaluation, and the attraction of foreign investment. It also provides an overview of fiscal reform, including stabilization policy, tax reform, and privatisation, and summarizes current data on income distribution. It asks how effective policy reforms have been in practice and whether the recovery may be vulnerable to distributional conflicts, institutional failures, and dependence on temporary capital flows. This book offers a well-informed and balanced assessment of Latin America's economic future and will be essential reading for all scholars of Latin America, development economics and international finance.Bird, Graham is the author of 'Latin America's Economic Future', published 1994 under ISBN 9780120996452 and ISBN 0120996456.