1 / 7

ECO 359 Economic Development

ECO 359 Economic Development. Economic Development of Latin America Professor Malamud BEH 502 895 – 3294 Fax: 895 – 1354 Email: malamud@ccmail.nevada.edu Website: follow the links. Why has Latin American development lagged?.

lev-levine
Download Presentation

ECO 359 Economic Development

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. ECO 359 Economic Development • Economic Development of Latin America • Professor Malamud • BEH 502 • 895 – 3294 • Fax: 895 – 1354 • Email: malamud@ccmail.nevada.edu • Website: follow the links

  2. Why has Latin American development lagged? • Why is per capita income in Argentina, the richest country in South America, only 1/3 of US income (after adjusting for living costs)? • Why is per capita income in neighboring Mexico only ¼ of US income? • Why is per capita income in Bolivia, the poorest country in SA, less than 10% of US income?

  3. What to do? Neoliberalism: Prescription du jour • Privatize • Free Trade: Export – Led Growth • Free Capital Flows: Encourage FDI • Fiscal Discipline • Price Stability • … Dollarization?

  4. Former Fads • Import Substitution Industrialization • Plan and Protect • Redistribution • Populist Spurts

  5. Final Thoughts • 1)In what ways has Latin America fallen behind economically? (Answer generally and specifically for at least two countries). • 2)Why has Latin America fallen behind economically? (Refer to at least two theories of development in your answer). • 3) What development strategies that have worked elsewhere are most promising for Latin America? (If you believe that no strategy is promising, explain why).

  6. Mexico: Bloom off Boom • NAFTA Ties • Trade • Migration • Lowest Short Rate Ever (<7%) • Vincente Fox • A promise of inclusion

  7. Mercosur • Argentina: A Neoliberal Poster Child ??? • Peso collapse • Default • Depression • Brazil • IMF Conditionality • Populism Redux

More Related