Modern Political Economy And Latin America Theory And Policy [Paperback]

Modern Political Economy and Latin America consists of 35 carefully selected readings about the relationship between politics and economics in Latin American. Jeffry Frieden, Manuel Pastor, Jr., and Michael Tomz have edited the readings, organized them thematically, and included a series of introductions to guide readers through the material. The editors identify the theoretical underpinnings of each article and highlight its contribution to ongoing debates. Latin American economies are undergoing profound transformations. In the wake of a decade-long debt crisis, countries through the region are embracing the free market and rebuilding democratic institutions. Nonetheless, significant obstacles to the consolidation of economic and political reform lie ahead. Modern political economy, informed by recent advances in economics and political science, provides powerful tools for analyzing the challenges and opportunities facing Latin America. This book offers an innovative and accessible guide to these new analytical tools.Introduction -- Theoretical Perspectives -- Contending Perspectives on Market Failure and Government Failure -- The Origins of Structuralism -- Government Failures in Development -- What Washington Means by Policy Reform -- How Can States Foster Markets? -- Improving the State's Institutional Capability -- Explanations of Government Policy -- The Method of Analysis: Modern Political Economy -- Political Models of Macroeconomic Policy and Fiscal Reforms -- Understanding Economic Policy Reform -- What Do We Know About the Political Economy of Economic Policy Reform? -- Uses and Limitations of Rational Choice -- Applications -- The Political Economy of Growth since Independence -- Obstacles to Economic Growth in Nineteenth-Century Mexico -- Economic Retardation in Nineteenth-Century Brazil -- Factor Endowments, Institutions, and Differential Paths of Growth Among New World Economies: -- Latin American Manufacturing and the First World War -- Latin Americlc›