1 Dec 2006, 00:00 - 11 Oct 2025, 08:35
|
Publication
As Latin America is currently living a period (2004-2006) of accelerated economic growth led by booming commodity prices, it is a good time to address some important long term features of the Latin American economy and society that have been traditionally inimical to stable and sustained development. Recent literature on the relationship between growth, inequality, democracy and development highlights, based both on analytical models and historical data, that at the root of the problems of economic instability and the fragility of democracy lies a combination of often slow growth and distribut…
1 Jan 2006, 00:00 - 11 Oct 2025, 08:30
|
Publication
This volume deals with macroeconomic issues and their relationship to growth in emerging economies. Lack of economic growth has been a feature of Latin American economies since the 1980s. In this book the analysis is complemented by two studies focused in East Asia and South Africa. All country cases examined have exhibited low inflation but high instability of economic activity in the 1990s and early 2000s. These cases provide relevant theoretical implications for a broader understanding of real macroeconomic policies in economies vulnerable to the globalization of financial volatility.…