Falling Behind: Explaining the Development Gap Between Latin America and the United States - Hardcover

Hardcover

ISBN 10: 0195368827 ISBN 13: 9780195368826

Publisher: Oxford University Press, 2008

Synopsis

In 1700, Latin America and British North America were roughly equal in economic terms. Yet over the next three centuries, the United States gradually pulled away, and today the gap is huge. In Falling Behind, acclaimed author Francis Fukuyama gathers together some of the world's leading scholars on the subject to explain the nature of the gap and how it came to be. Tracing the histories of development over the past four hundred years and focusing in particular on the policies of the last fifty years, the contributors conclude that while many factors are important, economic policies and political systems are at the root of the divide.

About this title

About the Author

Francis Fukuyama is Professor of International Political Economy in the School of Advanced International Studies at Johns Hopkins University.

Reviews

Fukuyama (The End of History) has compiled essays which collectively dispel the myth that "vast cultural difference or the consequences of U.S. domination" are solely responsible for the economic disparity between North and South America. In 1700, North and South America had similar per capita income; today, per capita income in Latin America is 20 percent of U.S. figures and more than one-third of the population lives in poverty, a wealth disparity that many authors finger as leading to frequent political turmoil and a weakened rule of law. Most of the essays pit the "Washington Consensus"-the 1990s effort to globalize-against the region's pesky penchant for electing populists, notably Venezuela's Hugo Chavez. Famous for his contention that civilization is moving inexorably toward capitalist liberal democracy, Fukuyama comes nowhere close to making such broad claims about Latin America's evolution here. He dismisses recent comprehensive explanations that take into account geography and technology, but this uneven collection adds little to the argument that Latin America's economic status the exception to the rule, rather than the United States'.
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Edition details

• Publisher: Oxford University Press
• Publication date: 2008
• Language: English
• ISBN 10: 0195368827
• ISBN 13: 9780195368826
• Binding: Hardcover
• Edition number: 1
• Number of pages: 336
• Editor: Fukuyama Francis