The Economic History of Latin America seeks to explain why, despite the region's abundance of natural resources and a favourable ratio of land to labour, not a single republic of Latin America has achieved the status of a developed country after nearly two centuries free from colonial rule. Taking its narrative from the end of the colonial epoch to the early 1990s, this book provides a comprehensive, balanced portrait of the factors affecting economic progress in Latin America. This book explains the successes and failures of export-led growth in the nineteenth century, and the withdrawal, after the depression of 1929, of many countries into a model of import-substitution industrialization. The debt crisis of the 1980s effectively ended hopes for the inward-looking approach, however, and the author examines the routes through which Latin American republics pursued a new version of export-led growth.
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The Economic History of Latin America seeks to explain why the region has failed to achieve developed status. Taking its narrative from the end of the colonial epoch to the early 1990s, this book provides a comprehensive, balanced portrait of the factors affecting economic progress in Latin America.
Victor Bulmer-Thomas is Emeritus Professor of Economics at the University of London and Honorary Professor with the Institute of the Americas, University College London. He is also a Senior Distinguished Fellow of the School of Advanced Study at the University of London; an Associate Fellow in the Americas Program at Chatham House, where he was the Director from 2001 to 2006; and was Director of the Institute of Latin American Studies, University of London, from 1992 to 1998. His publications include The Economic History of the Caribbean Since the Napoleonic Wars (2012), The Political Economy of Central America Since 1920 (1987) and Input-Output Analysis for Developing Countries (1982). He is also co-editor of The Cambridge Economic History of Latin America (2006).
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