An Introduction to Latin American Economics

This textbook serves as an introduction to the major economic topics and events in Latin America's history, from the settling of the region by indigenous Americans and then Europeans, Africans and Asians, to the economic consequences of COVID-19. Each chapter concentrates on a particular periodfor example, pre-Columbian America, the 1980s debt crisis, the 21st Century decline in income inequalityand introduces the concepts needed to understand the events of that period. These concepts include theories such as Dutch Disease and Dependency Theory, policies such as import-substituting industrialization and neoliberalism, and analytical tools such as the circular flow of income and the foreign exchange market. Descriptive data are used to illustrate these concepts: for example, Latin America's current account balance during the 1970s and 1980s shows the impact of the debt crisis, while the relationship between money supply growth and inflation in Argentina during the 1980s and 1990s shows the impact of expansionary monetary policy and convertibility.

With its focus on Latin American economic history and on the key concepts for understanding that history, this book can serve as the core textbook for an introductory course on Latin American Economics, or as a complementary text for an introductory course in Latin American Studies or a social science course on Latin America.

Covers Latin American Economics, Latin American Studies, or Latin American History Introduces the major economic topics and events in Latin America's history, to the present Contains case studies and worked examples

Autorentext

Scott G. McKinney was born and raised in Lima, Peru and was a Fulbright Professor in Lima and led many study abroad programs in Ecuador, Peru, and Argentina. His current research is on the factors that have improved the distribution of income in Latin America since the turn of the century. He is Emeritus Professor of Economics at Hobart and William Smith Colleges in New York, where he developed the two courses-Latin American Economies and Latin American Political Economy-that led to the writing of this book.

Inhalt
Chapter 1. The Land They Found.- Chapter 2. Adapting to a New World.- Chapter 3. Colonial Latin America.- Chapter 4. The First Century of Independence.- Chapter 5. Industrialization.- Chapter 6. Alternatives.- Chapter 7. The Commodity Boom of the 1970s.- Chapter 8. The Lost Decade of the 1980s.- Chapter 9. Emerging Markets and Financial Crises.- Chapter 10. The Rise of China and the Decline in Inequality.- Chapter 11. Crosscurrents: Translatinas , Remittances and the Novel Coronavirus.