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New Perspectives for Modernization in Central America

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  • George Irvin

Abstract

ABSTRACT Ostensibly, the Central American Left has been defeated both politically, in the Nicaraguan elections, and economically, with the triumph of orthodox economic adjustment policy. In reality, the end of the Cold War promises to alter the economic and political climate in a way that will encourage the region's long‐delayed modernization. Although the political arena remains turbulent, moderate forces are emerging which Washington will find easier to support. Equally promising is the region's favourable record of economic adjustment in the second half of the 1980s. A more favourable world climate for world trade in the 1990s would ease the region's foreign exchange constraint and enable a further round of industrialization to take place, while further eroding the economic basis of ‘oligarchic despotism’.

Suggested Citation

  • George Irvin, 1991. "New Perspectives for Modernization in Central America," Development and Change, International Institute of Social Studies, vol. 22(1), pages 93-115, January.
    • Handle: RePEc:bla:devchg:v:22:y:1991:i:1:p:93-115
    DOI: 10.1111/j.1467-7660.1991.tb00404.x
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    References listed on IDEAS

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    1. Bulmer-Thomas,Victor, 1987. "The Political Economy of Central America since 1920," Cambridge Books, Cambridge University Press, number 9780521348393.
    2. Irvin, George, 1983. "Nicaragua: Establishing the State as the Centre of Accumulation," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 7(2), pages 125-139, June.
    3. Krueger, Anne O, 1974. "The Political Economy of the Rent-Seeking Society," American Economic Review, American Economic Association, vol. 64(3), pages 291-303, June.
    4. Lindenberg, Marc, 1988. "Central America's elusive economic recovery," World Development, Elsevier, vol. 16(2), pages 237-254, February.
    5. David Kaimowitz, 1990. "The ‘Political’ Economies of Central America: Foreign Aid and Labour Remittances," Development and Change, International Institute of Social Studies, vol. 21(4), pages 637-655, October.
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    Cited by:

    1. Richard Tardanico, 1993. "Dimensions of Structural Adjustment: Gender and Age in the Costa Rican Labour Market," Development and Change, International Institute of Social Studies, vol. 24(3), pages 511-539, July.

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