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This book covers the economic history of Latin America from independence in the 1820s to the present. It stresses the differences between Latin American countries while recognizing the similar external influences to which the region has been subject. Victor Bulmer-Thomas notes the failure of the region to close the gap in living standards between it and the United States and explores the reasons. He also examines the new paradigm taking shape in Latin America since the debt crisis of the 1980s and asks whether this new economic model will be able to bring the growth and equity that the region desperately needs. First Edition Hb (1995): 0-521-36329-2 First Edition Pb (1995): 0-521-36872-3
Too Dense I'm an activist for social justice, and a fan of progressive whole cost economists like Herman Daly, David Ellerman, and Michel Aglietta. I found this work so dense and dry that it was extremely slow going and difficult to absorb. It is a macroeconomic work.
It lacks any highly detailed discussions to convey greater clarity and supply a fuller perspective, something I look for in history since I am trying to connect it to microeconomics and the larger sociopolitical context and ultimately environmental and justice issues.
Definitely 5 Stars I confirm the five star reviews of this book. This is economic history at its best: lucid and highly informative with well constructed and convincing arguments. Bulmer-Thomas is able to cover two hundred years of the economic history of the entire region, which is no small task. This work cuts no corners; Bulmer-Thomas commands the subject. Any student of Latin America or economic history should read this book. The Economic History of Latin America Since Independence Not a single Latin American republic has achieved the status of developed nation after nearly two hundred years from colonial rule. The vast abundance of land, labor and natural resources has not delivered the long-awaited fruits of economic growth and economic development. Victor Bulmer-Thomas provides in this book an excepcionally detailled and balanced account of the factors that affect economic progress until the initial period of implementation of market-oriented reforms. It is in summary, an incomparable source of economic history information for those in love with the Latin American region. For a complete understanding of all the materials contained in the book, certain economic background is advisable.