Modern Political Economy And Latin America: Theory And Policy

by Frieden,Jeffry A

• ISBN13: 9780813324180
• ISBN10: 0813324181
• Format: Nonspecific Binding
• Copyright: 2000-04-14
• Publisher: Routledge

Summary

This is a reader that applies the newest debates in political economy to the analysis of Latin America in a way that is thematically and theoretically cohesive.

Author Biography

Barry Eichengreen is John L. Simpson Professor of Economics and Political Science at the University of California, Berkeley. Jeffry Frieden is professor of government at Harvard University. Jeffry Frieden is professor of government at Harvard University. He specializes in the politics of international monetary and financial relations. Frieden is the author of Banking on the World: The Politics of American International Finance (1987); Debt, Development, and Democracy: Modern Political Economy and Latin America, 1965-1985 (1991); and the coeditor of many books on related topics. His articles on the politics of international economic issues have appeared in a wide variety of scholarly and general-interest publications.Manuel Pastor is professor of Latin American and Latino studies at the University of California-Santa Cruz. An economics Ph.D. from the University of Massachusetts, Amherst, his research on Latin American issues has focused on such issues as distribution and stabilization, the political economy of trade reform, and the dynamics of transition in Cuba, and has been published in journals such as International Organization, World Development, Journal of Development Economics, Journal of Latin American Studies, and Latin American Research Review.Michael Tomz is assistant professor of Political Science at Stanford University. His research on politics and economics has appeared in the American Journal of Politics, The American Political Science Review, and the British Journal of Political Science. Tomz holds an M.Phil. in politics from Oxford, where he was a Marshall Scholar, and will receive his Ph.D. in political science from Harvard. His current work examines relations between sovereign governments and foreign creditors during the 19th and 20th centuries. Jeffry Frieden is professor of government at Harvard University. He specializes in the politics of international monetary and financial relations. Frieden is the author of Banking on the World: The Politics of American International Finance (1987); Debt, Development, and Democracy: Modern Political Economy and Latin America, 1965-1985 (1991); and the coeditor of many books on related topics. His articles on the politics of international economic issues have appeared in a wide variety of scholarly and general-interest publications.Manuel Pastor is professor of Latin American and Latino studies at the University of California-Santa Cruz. An economics Ph.D. from the University of Massachusetts, Amherst, his research on Latin American issues has focused on such issues as distribution and stabilization, the political economy of trade reform, and the dynamics of transition in Cuba, and has been published in journals such as International Organization, World Development, Journal of Development Economics, Journal of Latin American Studies, and Latin American Research Review.Michael Tomz is assistant professor of Political Science at Stanford University. His research on politics and economics has appeared in the American Journal of Politics, The American Political Science Review, and the British Journal of Political Science. Tomz holds an M.Phil. in politics from Oxford, where he was a Marshall Scholar, and will receive his Ph.D. in political science from Harvard. His current work examines relations between sovereign governments and foreign creditors during the 19th and 20th centuries. Jeffry Frieden is professor of government at Harvard University. He specializes in the politics of international monetary and financial relations. Frieden is the author of Banking on the World: The Politics of American International Finance (1987); Debt, Development, and Democracy: Modern Political Economy and Latin America, 1965-1985 (1991); and the coeditor of many books on related topics. His articles on the politics of international economic issues have appeared in a wide variety of scholarly and general-interest publications.Manuel Pastor is professor of Latin American and Latino studies at the University of California-Santa Cruz. An economics Ph.D. from the University of Massachusetts, Amherst, his research on Latin American issues has focused on such issues as distribution and stabilization, the political economy of trade reform, and the dynamics of transition in Cuba, and has been published in journals such as International Organization, World Development, Journal of Development Economics, Journal of Latin American Studies, and Latin American Research Review.Michael Tomz is assistant professor of Political Science at Stanford University. His research on politics and economics has appeared in the American Journal of Politics, The American Political Science Review, and the British Journal of Political Science. Tomz holds an M.Phil. in politics from Oxford, where he was a Marshall Scholar, and will receive his Ph.D. in political science from Harvard. His current work examines relations between sovereign governments and foreign creditors during the 19th and 20th centuries.

Table of Contents

List of Acronyms	ix
Introduction: Modern Political Economy and the Policy Revolution in Latin America	xi
PART ONE Theoretical Perspectives
Section I Contending Perspectives on Market Failure and Government Failure	3	(32)
The Origins of Structuralism	5	(5)
H.W. Arndt
Government Failures in Development	10	(8)
Anne O. Krueger
What Washington Means by Policy Reform	18	(6)
John Williamson
How Can States Foster Markets?	24	(5)
Brian Levy
Improving the State's Institutional Capability	29	(6)
Sanjay Pradhan
Section II Explanations of Government Policy	35	(60)
The Method of Analysis: Modern Political Economy	37	(7)
Jeffry A. Frieden
Political Models of Macroeconomic Policy and Fiscal Reforms	44	(15)
Alberto Alesina
Understanding Economic Policy Reform	59	(12)
Dani Rodrik
What Do We Know about the Political Economy of Economic Policy Reform?	71	(10)
Stephan Haggard
Steven B. Webb
Uses and Limitations of Rational Choice	81	(14)
Barbara Geddes
PART TWO Applications
Section III The Political Economy of Growth since Independence	95	(58)
Obstacles to Economic Growth in Nineteenth-Century Mexico	97	(13)
John H. Coatsworth
Economic Retardation in Nineteenth-Century Brazil	110	(12)
Nathaniel H. Leff
Factor Endowments, Institutions, and Differential Paths of Growth Among New World Economies	122	(12)
Stanley L. Engerman
Kenneth L. Sokoloff
Latin American Manufacturing and the First World War	134	(6)
Rory Miller
Latin America in the 1930s	140	(13)
Carlos F. Diaz Alejandro
Section IV Foreign Trade and Industrial Policy	153	(40)
Import Substitution Industrialization	155	(10)
Eliana Cardoso
Ann Helwege
Was Latin America Too Rich to Prosper?	165	(8)
James E. Mahon, Jr.
The Case for Trade Liberalization in Developing Countries	173	(5)
Rudiger Dornbusch
The Origins of Mexico's Free Trade Policy	178	(8)
Manuel Pastor
Carol Wise
The Political Economy of MERCOSUR	186	(7)
Luigi Manzetti
Section V Foreign Capital and the Macroeconomy	193	(42)
Forms of External Capital and Economic Development in Latin America: 1820-1997	195	(14)
Werner Baer
Kent Hargis
External Debt and Macroeconomic Performance in Latin America and East Asia	209	(8)
Jefrey D. Sachs
Inflows of Capital to Developing Countries in the 1990s	217	(7)
Guillermo A. Calvo
Leonardo Leiderman
Carmen M. Reinhart
Foreign Direct Investment in Developing Countries: Progress and Problems	224	(5)
Joel Bergsman
Xiaofang Shen
The Political Economy of Foreign Direct Investment in Latin America	229	(6)
Stephan Haggard
Section VI Political Institutions and Economic Policy	235	(50)
Challenging the Conventional Wisdom	237	(10)
Barbara Geddes
Democratic Institutions, Economic Policy, and Development	247	(14)
Stephan Haggard
A Game Theoretic Model of Reform in Latin American Democracies	261	(10)
Barbara Geddes
International Capital Flows and the Politics of Central Bank Independence	271	(5)
Sylvia Maxfield
Preemptive Strike: Central Bank Reform in Chile's Transition from Authoritarian Rule	276	(9)
Delia M. Boylan
Section VII Social and Enviromental Issues	285	(46)
Facing Up to Inequality in Latin America, Intermerican Development Bank, 1998	287	(11)
Income Distribution, Capital Accumulation, and Growth, UNCTAD 1998	298	(9)
Public Finance from a Gender Perspective	307	(6)
Ingrid Palmer
The Political Economy of Environmental Policy Reform in Latin America	313	(12)
David Kaimowitz
National Factor Markets and the Macroeconomic Context for Environmental Destruction in the Brazilian Amazon	325	(6)
Steven C. Kyle
Aercio S. Cunha
Acknowledgments	331	(2)
Index	333