The Puzzle of Latin American Economic Development

(Paperback, Fourth Edition)

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Description

Thoroughly revised and updated, this foundational text provides the basic economic tools for students to understand the problems facing the countries of Latin America. In the fourth 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.

Reviews

This book is essential for any student or policy-maker looking to solve the puzzle of economic development in Latin America. Why, after trying the full gamut of economic reforms, has the region had lackluster economic growth, frequent financial instability, persistent inequality, accentuated social conflict, and acute environmental degradation relative to other developing regions across the world Frankos fourth edition is a student and battle-tested guide to the history, economics, politics, and institutional factors that surround Latin American economic policy-making that equips the reader with the perspective needed to learn from the past and forge a better future. -- Kevin Gallagher, Boston University
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. * The Latin Americanist *
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. * Choice Reviews *
This thoroughly updated edition of Patrice Frankos text is most welcome. I have used previous editions successfully both in advanced undergraduate economics courses and in graduate-level Latin American courses drawing students from diverse disciplines, with minimal economics background. The book has just the right balance of quantitative material and engaging examples of the dilemmas of Latin American development from the perspective of its peoples. -- Carmen Diana Deere, University of Florida
Patrice Frankos thorough examination of Latin Americas economic evolution in the postCold War era sheds light on the puzzle of hope and frustration she expertly describes. This masterly book, now in its fourth edition, remains mandatory reading for those interested in understanding the worlds most unequal region. -- Paulo Sotero, Brazil Institute, Wilson Center
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. -- Richard Salvucci * H-Latam *
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. -- David Schodt, St. Olaf College
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. -- Carol Wise, University of Southern California
Frankos 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. -- Kristina Lybecker, Colorado College

Author Bio

Patrice Franko is Grossman Professor of Economics & Global Studies at Colby College and director of the Goldfarb Center for Public Affairs.