Latin american politics and development pdf

ProQuest Ebook Central. Please choose whether or not you want other users to be able to see on your profile that this library is a favorite of yours. Finding libraries that hold this item This book remains a staple in the field of Latin American politics. Highly recommended.

The Graduate Institute, Geneva. Based on that pattern, the author argues that the recent price collapse may be the beginning of a long period of weak commodity prices. Finally, the chapter demonstrates that the region has been unable to take full advantage of the benefits of its natural resource specialisation and has faced, in contrast, some negative Dutch Disease effects due to the aforementioned dependence. Latin America has, furthermore, been a victim of the macroeconomic vulnerabilities generated by commodity cycles, largely because it has failed to develop appropriate countercyclical macroeconomic policies. Until the s they were the main engine of modern economic growth, and continued to make up an overwhelming proportion of the export basket until the s.