IDEAS home Printed from https://ideas.repec.org/h/pal/dofeco/v5year2011doi3867.html
   My bibliography  Save this book chapter

Latin American economic development

Author

Listed:
  • Mauricio Cárdenas
  • Steven M. Helfand

Abstract

This article examines the strategies, successes and failures of economic development in Latin America since 1870. We divide the analysis into four key development phases: primary export-led growth (1870–1929), import substitution industrialisation (1945–82), debt crisis (1980s) and the Washington Consensus (1990s). We demonstrate progress on many fronts, but underscore two key challenges for the region. One of them relates to weak institutions and state capacity; the other is the persistence of high levels of poverty and inequality. We conclude with a discussion of these challenges and of specific actions that are necessary to accelerate development in the region.

Suggested Citation

  • Mauricio Cárdenas & Steven M. Helfand, 2011. "Latin American economic development," The New Palgrave Dictionary of Economics, Palgrave Macmillan.
  • Handle: RePEc:pal:dofeco:v:5:year:2011:doi:3867
    as

    Download full text from publisher

    File URL: http://www.dictionaryofeconomics.com/article?id=pde2011_L000243
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Latin America; economic development; primary export-led growth; import substitution industrialization (ISI); debt crisis; Washington consensus; institutions; state capacity; poverty; inequality;

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean
    • N16 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Latin America; Caribbean

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:dofeco:v:5:year:2011:doi:3867. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sheeja Sanoj). General contact details of provider: http://www.palgrave-journals.com/ .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.