Suchergebnisse

This essay reviews the following works:Rethinking Productive Development: Sound Policies and Institutions for Economic Transformation. Edited by Gustavo Crespi, Eduardo Fernández-Arias, and Ernesto Stein; Inter-American Development Bank. New York: Palgrave Macmillan, 2014. Pp. xxix + 461. $54.99 paperback. ISBN: 9781137397164. Macroeconomics and Development: Roberto Frenkel and the Economics of Latin America. Edited by Mario Damill, Martín Rapetti, and Guillermo Rozenwurcel. New York: Columbia University Press, 2016. Pp. xi + 389. $65.00 hardcover. ISBN: 9780231175081. Free Trade and Faithful Globalization: Saving the Market. By Amy Reynolds. New York: Cambridge University Press, 2015. Pp. x + 179. $28.99 paperback. ISBN: 9781107435179. Latin America after the Financial Crisis: Economic Ramifications from Heterodox Perspectives. Edited by Juan E. Santarcángelo, Orlando Justo, and Paul Cooney. New York: Palgrave Macmillan. Pp. vii + 251. $149.99 hardcover. ISBN: 9781137486615. Meaningful Resistance: Market Reforms and the Roots of Social Protest in Latin America. By Erica S. Simmons. New York: Cambridge University Press, 2016. Pp. xi + 219. $27.99 paperback. ISBN: 9781107562059. Global Capitalism in Disarray: Inequality, Debt, and Austerity. By Andrés Solimano. New York: Oxford University Press, 2017. Pp. xi + 235. $35.95 hardcover. ISBN: 9780190626273. The Last Day of Oppression, and the First Day of the Same: The Politics and Economics of the New Latin American Left. By Jeffery R. Webber. Chicago: Haymarket Books, 2017. Pp. 1 + 305. $26.00 paperback. ISBN: 9780745399539.

The international financial community has recently joined the arms control community in scrutinizing the relationship between military spending and economic growth. The Independent Group on Financial Flows to Developing Countries, headed by Helmut Schmidt, recommended (inFacing One World) that priority in financial assistance be given to countries that spend less than 2% of their gross domestic product (GDP) on security (The Economist, 1991a: 61). Robert McNamara, past president of the World Bank as well as a former US Secretary of Defense, supported this proposal in his speech before the World Bank Annual Conference on Development Economics (April 1991), recommending that military expenditures, as a percentage of GDP, be reduced by 50%. Nicole Ball, inPressing for Peace: Can Aid Induce Reform?, argues cogently for conditioning international assistance on the initiation, or acceleration, of reforms in defense spending in the developing world (Ball, 1992).

Case studies of Argentina, Brazil, and Chile.