"Explains how the changes that Brazil has undergone over the last twenty years have transformed the social, political, economic, and diplomatic realms in that country and will affect its future, and especially influence the new presidency of Dilma Rousseff"--Provided by publisher
This article, starting from the Lewis emphasis upon increasing productivity, analyzes the external and internal sources of disequilibrium in Latin America over the last two decades. It indicates the impressive progress, and continuing requirements, that have been made in both dimensions over the last fifteen years. The real requirement for continued growth at high rates, emphasized by Lewis more than 45 years ago, is, however, increased rates of internal saving. Until the Latin American countries are able successfully to increase their domestic savings, hopes for sustained expansion will be continuingly frustrated.
In: World development: the multi-disciplinary international journal devoted to the study and promotion of world development, Volume 22, Issue 12, p. 1825-1832
In: World development: the multi-disciplinary international journal devoted to the study and promotion of world development, Volume 22, Issue 12, p. 1825
This article examines the principal reasons for the poor Latin American economic performance in contrast to Asian success in the last decade. These include an adverse international economy that discriminated against large debtors, a set of domestic distortions introduced by excess external debt, and a political incapacity to implement coherent and consistent adjustment policies.
This article examines the principal reasons for the poor Latin American economic performance in contrast to Asian success in the last decade. These include an adverse international economy that discriminated against large debtors, a set of domestic distortions introduced by excess external debt, and a political incapacity to implement coherent and consistent adjustment policies