In Latin America, sudden collapse of the socialist states was interpreted as a ‘victory of the market economy’ discrediting various forms of social democratic concepts. Moreover, as a result of high growth rates from 1986 onwards and substantial increase in exports, the Chilean model became increasingly attractive as evidence of the viability of new liberal theories. Since early 1990s, the Latin America showed indications of slow recovery from generalised crisis of previous years. The Plano Real, the stabilization programmes launched in July 1994 and successful on both inflation and activity level front brought Brazil’s macroeconomic performance up to the average levels of other Latin American countries. The deepening of structural reforms process in countries of the region generally followed recommendations of the so-called Washington consensus. As shown by countries which successfully surmounted the financial crises set off in late 1994 in Mexico, systemic efforts are needed to ensure that funds received can be used efficiently and that they are associated with investment in productive activity and a suitable proportion of that investment goes to the production of tradables. All this calls for foreign exchange policy, strict arrangements for prudential supervision of financial system and regulations governing capital movements of short-term nature. This series is dedicated to Raul Prebisch who underlined the dynamics of the world economy and the interdependence between the industrial countries of the North and the LDCs of the South.
Growth and Reforms in Latin America (In 2 Parts)
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ABOUT THE AUTHOR Hans Singer
Sir Hans Singer is Emeritus Professor of the University of Sussex and a Fellow of the Institute of Development Studies at the University of Sussex since 1969. Previously he served in the United Natioins Secretariat for over 20 years and held a number of academic and civil service posts. He is the author of numerous books and articles, most recetly The Foreign Aid Business (jointly with K. Raffer).
ABOUT THE AUTHOR Neelambar Hatti
Neelambar Hatti is mainly involved in research at the Department of Economic History, University of Lund, Sweden. Dr. Hatti has written extensively on Trade, Aid and Rural Development, and Microdemography. He has also taught at the University of Copenhagen and has been a visiting Senior Fellow at the Scandinavian Institute of Asian Studies. He has recently authored (with Rameshwar Tandon) the study, Exports and Development: The Indian Experience.
ABOUT THE AUTHOR Rameshwar Tandon
Rameshwar Tandon works at the International Institute for Special Education, Lucknow. For the last three decades, he worked with Prof. VKRV Rao at the Institute for Social and Economic Change, Bangalore. He is author-editor of numerous books and articles, most recently, Exports and Development: The Indian Experience (jointly with Prof. Neelambar Hatti)
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Bibliographic information
Title
Growth and Reforms in Latin America (In 2 Parts)
Author
Edition
Reprint
Publisher
ISBN
8176462284
Length
xvi+620p., viii+621-1254p., Figures; Tables; Notes; References; Index; 23cm.
Subjects
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