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Lost decades? Independence and latin America’s falling behind, 1820-1870

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  • Leandro Prados de la Escosura

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Abstract

This paper explores the connections between independence and Latin America’s relative decline during the half a century after independence. The release of the fiscal burden was partly offset by higher costs of self-government, while opening up to the international economy represented a handmaiden of growth. Colonial emancipation had a different impact across regions and widened regional disparities. Per capita income grew and though Latin America fell behind to the U.S. and Western Europe, improved or kept its relative position to the rest of the world. ‘Lost decades’ seems an unwarranted depiction of the period 1820-1870.

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Bibliographic Info

Paper provided by Universidad Carlos III, Departamento de Historia Económica e Instituciones in its series Working Papers in Economic History with number wp07-18.

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Date of creation: Nov 2007
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Handle: RePEc:cte:whrepe:wp07-18

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Keywords: Latin America; Independence; Growth; Falling behind; Lost decades;

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Cited by:
  1. Luis Bertola & Cecilia Castelnovo & Javier Rodriguez & Henry Willebald, 2008. "Income distribution in the Latin American Southern Cone during the first globalization boom, ca: 1870-1920," Working Papers in Economic History wp08-05, Universidad Carlos III, Departamento de Historia Económica e Instituciones.

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