Suchergebnisse

After the Great Depression and throughout the rest of the twentieth century, Latin American countries basically approached economic development following two successive and quite opposed strategies. The first one was import substitution industrialization. The second was the so-called Washington Consensus approach. While the two views were founded on quite opposite premises, neither the import substitution industrialization nor the Washington Consensus managed to deliver sustained economic development to Latin American countries. Two domestic elements are crucial to understand this outcome. One is the failure of the state. The second is the inability to achieve mature integration into the world economy.

Este trabalho tem o objetivo de desenvolver algumas das implicacoes para o funcionamento do modelo de dois hiatos, decorrentes de se considerar a taxa de inflacao domestica como variavel de ajuste. Para tal fim, explicita-se de que forma aquela variavel afeta a poupanca domestica (atraves do mecanismo de poupanca forcada) e as exportacoes liquidas (atraves da taxa de cambio real), define-se o equilibrio interno e externo conjunto, levando em conta tais efeitos, e formulam-se leis de ajuste para as quais a estabilidade dinamica do sistema e garantida

Latin American neo-structuralism is a cutting-edge, regionally focused economic theory with broad implications for macruconomics and development economics. One of its most important proponents, Roberto Frenkel has spent five decades developing the theory's core arguments and expanding their application throughout the discipline, revolutionizing our understanding of high inflation and hyperinflation, disinflation programs, and the behavior of currencies and crises in emerging markets. Written by Frenkel's former students, collaborators, and colleagues, the essays in this collection assess Latin American neo-structuralism's theoretical contributions and its viability as the world's economies evolve. The authors discuss Frenkel's work in relation to pricing decisions, inflation and stabilization policy, development and income distribution in Latin America, and macruconomic policy for economic growth. An entire section focuses on finance and crisis, and the volume concludes with a neo-structuralist analysis of general aspects of economic development. For those seeking a comprehensive introduction to contemporary Latin American economic thought, this collection not only explicates the intricate work of one of its greatest practitioners, but demonstrates its impact on the growth of economics