Latin America is one of the most intriguing parts of the world. The region-s illustrious history, culture, and geography are famous internationally, but in terms of economics, Latin America has been generally associated with problems. For many, the combination of a resource-rich region and poor economic conditions has been a puzzle.
This extensively revised and updated third edition of Latin American Economic Development continues to provide the most up-to-date exploration of why the continent can be considered to have underperformed, how the various Latin American economies function, and the future prospects for the region. The book addresses the economic problems of Latin America theme by theme.
Changes and new features in this new edition include:
- a new chapter on economic growth that reflects the new understanding of slow growth in the region;
- two new appendices on basic microeconomics and macroeconomics;
- expande
