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The puzzle of Latin American economic development /
Patrice Franko.
edition
3rd ed.
imprint
Lanham, Md. : Rowman & Littlefield Publishers, c2007.
description
xix, 680 p. : ill., maps.
ISBN
0742553531 (pbk. : alk. paper), 9780742553538 (pbk. : alk. paper)
format(s)
Book
Holdings
More Details
imprint
Lanham, Md. : Rowman & Littlefield Publishers, c2007.
isbn
0742553531 (pbk. : alk. paper)
9780742553538 (pbk. : alk. paper)
catalogue key
6106321
 
Includes bibliographical references (p. 625-670) and index.
A Look Inside
About the Author
Author Affiliation
Patrice Franko is Grossman Professor of Economics at Colby College.
Full Text Reviews
Appeared in Choice on 2007-09-01:
Superbly written, this book (1st ed., CH, May'00, 37-5201; 2nd ed., 2003) unravels the tortured history of Latin American economic development, making it comprehensible and enjoyable reading. Armed with the most current statistics and case studies, Franko (Colby College) argues that economic development has been spotty for most countries and even dismal for some. Mexico, Brazil, Chile, and Costa Rica come out as winners, but many other countries still struggle to provide a decent living for their citizens. Franko fairly assesses successes and failures, from the import substitution policy to the state-led development and the "radical shift" to the neoliberal experiment in the 1990s. She attributes the mass discontent of Latin American citizens to the "social deficit" of poverty, lack of job opportunities, and corruption among the political elites, which has led to the rise of at least two "hybrid" models: extreme left-leading Hugo Chavez in Venezuela, Evo Morales in Bolivia, and most recently, Rafael Correa in Ecuador, and more "pragmatic" Luis Lula da Silva of Brazil and Michelle Bachelet of Chile. Franko leaves little doubt that there is no "puzzle": the economic models did not cause the "cycles of poverty"; rather, the cause was the Latin elites' imperfection in implementing the models. Summing Up: Essential. Academic and research collections. E. Pang Colorado School of Mines
Reviews
Review Quotes
Franko "s book is the most comprehensive book available, while also providing an engaging text for students. It is an excellent stand-alone text for economic novices and a wonderful starting point for more advanced economics students.
Franko's book is the most comprehensive book available, while also providing an engaging text for students. It is an excellent stand-alone text for economic novices and a wonderful starting point for more advanced economics students.
Praise for a previous edition: A splendid job . . . a careful, clear, and thoughtful attempt to explain 'the puzzle of Latin American development.' . . . Thoroughly up-to-date, conversant with the standard discussions, and amply buttressed by recent socioeconomic indicators in over one hundred tables. . . . Well informed, unbiased and scrupulously fair....
Praise for a previous edition: Patrice Franko's book is engaging, it focuses on important contemporary issues, and it challenges students. This text will serve introductory students well, while also offering sufficient analytical substance and institutional detail for those with more background in economics. It clearly illustrates how economics can help us understand important issues in the region....
Praise for a previous edition: This text has served as an invaluable guide to my master's level course on Latin American economic development, and it has helped to enliven class debates. It is comprehensive, concise, and beautifully written. The book offers clear definitions of numerous concepts adn economic development terms that are extremely useful and accessible for students at all levels of learning. I highly recommend it....
Praise for a previous edition:This useful text . . . is a welcome addition to the growing list of texts surveying the economics of Latin America. . . . A wealth of details is provided in the author's presentation, which includes numerous charts and graphs on major issues such as privatization, trade, finance, competitiveness, and social policies.
Superbly written, this book unravels the tortured history of Latin American economic development, making it comprehensible and enjoyable reading. Armed with the most current statistics and case studies . . . Franko fairly assesses successes and failures, from the import substitution policy to the state-led development and the 'radical shift' to the neoliberal experiment in the 1990s. . . . Essential.
This book is clearly written and organized. . . . It presents a wealth of detailed and illustrative data with precise definitions. . . . It is one of the best texts on the political economy of Latin America. It clearly presents and discusses the challenges and contradictions of contemporary development models in the region. . . . Highly recommend[ed] . . . for upper level undergraduate courses or graduate level courses on the development of Latin America.
This item was reviewed in:
Choice, September 2007
To find out how to look for other reviews, please see our guides to finding book reviews in the Sciences or Social Sciences and Humanities.
Summaries
Long Description
Thoroughly revised and updated, this text provides the basic economic tools for students to understand the problems facing the countries of Latin America. In this third edition, Patrice Franko analyzes challenges to the neoliberal model of development and highlights recent macroeconomic changes in the region. Including charts and tables with the most current data available, the book also offers a wealth of new boxed discussions and vignettes. After a brief historical overview, Franko builds a contemporary model of regional development. She explores the contradictions of growth, especially in the context of overcoming intractable problems of poverty, education, health, and discrimination. Franko focuses on factors of competitiveness, including labor markets, technology, and infrastructure challenges. Liberally interspersed with examples and case studies, the author successfully combines theory and its application in the real world.
Long Description
Thoroughly revised and updated, this text provides the basic economic tools for students to understand the problems facing the countries of Latin America. In this third edition, Patrice Franko analyzes challenges to the neoliberal model of development and highlights recent macroeconomic changes in the region. Including charts and tables with the most current data available, the book also offers a wealth of new boxed discussions and vignettes. After a brief historical overview incorporating quantitative and theory-driven results from the new economic history, Franko builds a contemporary model of regional development. She explores the contradictions of growth, especially in the context of overcoming intractable problems of poverty, education, health, and discrimination. Franko focuses on factors of competitiveness, including labor markets, technology, and infrastructure challenges. Inviting students to view challenges through the eyes of policymakers, the text encourages a critical assessment of past and present policy choices. Updated chapters include new research on debt relief, inflation targeting, the changing role of the state, the challenge from China, chronic poverty, bottom-of-the-pyramid marketing, conditional transfer programs, and progress on the millennium development goals. Liberally interspersed with examples and case studies, the book successfully combines theory and its application in the real world. This innovative yet user-friendly text simultaneously challenges strong students while clarifying the fundamentals for novices. By exploring the difficult choices facing Latin American policymakers, the author gives readers interested in economics or in Latin American studies the conceptual means to understand the puzzle of strong, sustainable, and equitable growth in the region.
Unpaid Annotation
In this third edition, Patrice Franko analyzes challenges to the neoliberal model of development and highlights recent macroeconomic changes in the region. Including charts and tables with the most current data available, the book also offers a wealth of new boxed discussions and vignettes. After a brief historical overview incorporating quantitative and theory-driven results from the new economic history, Franko builds a contemporary model of regional development. She explores the contradictions of growth, especially in the context of overcoming intractable problems of poverty, education, health, and discrimination. Franko focuses on factors of competitiveness, including labor markets, technology, and infrastructure challenges. Inviting readers to view challenges through the eyes of policymakers, the text encourages a critical assessment of past and present policy choices. Updated chapters include new research on debt relief, inflation targeting, the changing role of the state, the challenge from China, chronic poverty, bottom of the pyramid marketing, conditional transfer programs, and progress on the millennium development goals. Liberally interspersed with examples and case studies, the author successfully combines theory and its application in the real world. By exploring the difficult choices facing Latin American policymakers, the author gives readers interested in economics or in Latin American studies the conceptual means to understand the puzzle of strong, sustainable, and equitable growth in the region.
Table of Contents
Tables, Figures, and Boxesp. vii
Prefacep. xiii
Abbreviationsp. xvii
Mapsp. xxi
Development in Latin America: Conceptualizing Economic Change in the Regionp. 1
Historical Legacies: Patterns of Unequal and Unstable Growthp. 31
Import Substitution Industrialization: Looking Inward for the Source of Economic Growthp. 55
Latin America's Debt Crisis: The Limits of External Financingp. 77
Macroeconomic Stabilization: A Critical Ingredient for Sustained Growthp. 107
The Role of the State: From a Smaller to a Smarter Statep. 145
Financing for Development: Public and Private Capital Flows to Latin Americap. 185
Contemporary Trade Policy: Engine or Brakes for Growth?p. 235
Policies Underpinning Growth: Productivity and Competitiveness in the Global Economyp. 285
Rural Development: Sowing the Seeds of Equitable, Sustainable Growth in Latin Americap. 329
Poverty and Inequality: Addressing the Social Deficit in Latin Americap. 379
Health Policy: Investing in People's Futurep. 435
Education Policy: The Source of Equitable, Sustainable Growthp. 475
Environmental Challenges: Internalizing the Costs of Developmentp. 525
Lessons Learned: Cycles in Latin American Developmentp. 583
A Sampling of Institutional Actors in Latin American Economic Policyp. 599
Glossaryp. 607
Bibliographyp. 625
Indexp. 671
About the Authorp. 681
Table of Contents provided by Ingram. All Rights Reserved.

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