Latin America began the twentieth century as a relatively poor region on the periphery of the world economy. This paper argues that policy responses in the 1930s, and subsequent decades of relative economic retardation, can be better understood as that cause and effect of the creation of long-run barriers in international capital markets.
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Paper provided by Stanford - Hoover Institution in its series Papers with number
e-98-1.
Length: 32 pages Date of creation: 1998 Date of revision: Handle: RePEc:fth:stanho:e-98-1
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Find related papers by JEL classification: N16 - Economic History - - Macroeconomics and Monetary Economics; Growth and Fluctuations - - - Latin America; Caribbean N26 - Economic History - - Financial Markets and Institutions - - - Latin America; Caribbean F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism
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