When did Latin America fall behind? / Leandro Prados de la Escosura -- Before the Golden Age / Pedro Lains -- Inequality and the evolution of institutions of taxation / Kenneth L. Sokoloff and Eric M. Zolt -- Financial crises, 1880-1913 / Michael D. Bordo and Christopher M. Meissner -- True measure of country risk / Gerardo della Paolera and Martin Grandes -- Related lending / Noel Maurer and Stephen Haber -- Sudden stops and currency drops / Luis A.V. Catão -- Establishing credibility / Sebastian Edwards -- Some economic effects of closing the economy / Gerardo Esquivel and Graciela Márquez -- Political economy of protectionism / Aurora Gómez-Galvarriato
Summary
Latin America?s economic performance is mediocre at best, despite abundant natural resources and flourishing neighbors to the north. The perplexing question of how some of the wealthiest nations in the world in the nineteenth century are now the most crisis-prone has long puzzled economists and historians. The Decline of Latin American Economies examines the reality behind the struggling economies of Argentina, Chile, and Mexico. A distinguished panel of experts argues here that slow growth, rampant protectionism, and rising inflation plagued Latin America for years, where corrupt institutions
Notes
"National Bureau of Economic Research"--Cover
The papers collected in this volume were presented at the National Bureau of Economic Research's (NBER) Inter-American Seminar on Economics (IASE), held on December 6-8, 2004, at El Colegio de Mexico, Mexico City
