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Left behind: Latin America and the false promise of populism

Author: Edwards, Sebastian Publisher: University of Chicago Press, 2010.Language: EnglishDescription: 292 p. ; 24 cm.ISBN: 9780226184784Type of document: BookBibliography/Index: Includes bibliographical references and index
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Item type Current location Collection Call number Status Date due Barcode Item holds
Book Europe Campus
Main Collection
Print HC500.32 .A E39 2010
(Browse shelf)
Available 001274059
Total holds: 0

Includes bibliographical references and index


Left Behind Latin America and the False Promise of Populism Contents Preface xi 1 Latin America: The Eternal Land of the Future 1 · The Economic Future of Latin America and the United States · From the Washington Consensus to the Resurgence of Populism: A Brief Overview · The Main Argument: A Summary · A Conceptual Framework: The Economic Prosperity of Nations and the Mechanics of Successful Growth Transitions PART ONE A Long Decline: From Independence to the Washington Consensus 2 Latin America's Decline: A Long Historical View · · · · · A Gradual and Persistent Decline The Poverty of Institutions and Long-Term Mediocrity Currency Crises, Instability, and Inflation Inequality and Poverty So Far from God, and So Close to the United States 21 3 From the Alliance for Progress to the Washington Consensus · · · · The Cuban Revolution and the Alliance for Progress Protectionism and Social Conditions Informality and Unemployment Fiscal Profligacy, Monetary Largesse, Instability, and Currency Crises · Oil Shocks and Debt Crisis · The Lost Decade, Market Reforms, and the Washington Consensus 47 PART TWO The Washington Consensus and the Recurrence of Crises, 1989-2002 4 Fractured Liberalism: Latin America's Incomplete Reforms · Institutions and Economic Performance · Institutions Interrupted: A Latin American Scorecard · Economic Policy Reform: A Decalogue Manqué · Summing Up: Mediocre Policies and Weak Institutions 5 Chile, Latin America's Brightest Star · · · · · · · · Chile under President Salvador Allende, 1970-73 The Chicago Boys and Chile's Trip to the Market The Chicago Boys, Politics, and Labor Unions Chile: A Case of a Successful Growth Transition Pragmatism, Markets, and Success Restricting Speculative Capital Flows The Key Role of Institutions and the Failure of Copycats Chile's Legacy 122. 101 71 6 So Far from God: Mexico's Tequila Crisis of 1994 · · · · · · The Mexican Miracle: A Mirage? The Exchange Rate, Capital Flows, and External Imbalances 1994: A Recurrent Nightmare The Aftermath of the Tequila Crisis Lessons from the Mexican Crisis Pegging the Currency: A Recurrent Latin American Mistake 7 The Mother of All Crises: Argentina, 2001-2002 · A Long History of Instability and High Inflation · Please, Tie My Hands! · The Mexican Crisis and the Weaknesses of the Convertibility Law · The Fixed Exchange Rate Becomes a Straitjacket · The Inability to Withstand External Shocks in 1999-2001 · Another Foretold Disaster · Devaluation, Default, and Pesification Social Costs, Recovery, and Populism 143 PART THREE The Populist Reaction 8 Populism, Neopopulism, and Inequality in the New Century · · · · · · · Populism and Neopopulism The Populist Cycle: From Euphoria to Regret The Policies of Neopopulism Inequality and Neopopulism in Latin America Openness, Globalization, Inequality, and Social Conditions Income Disparities and Education Populism and Political Institutions 165 · Neopopulism and Neoconstitutionalism 9 Chavez's Challenge and Lula's Response 191 · Hugo Chavez and the Path to Bolivarian Populism · · · · The Bolivarian Revolution and Its Disappointment Chavez and Social Conditions The Surprising Absence of Populism in Brazil Stability and Social Programs in Lula's Brazil · Lula's Pragmatism and Chavez's Ideology · Brazil's Challenges in the Post-Lula Era PART FOUR Challenges for the Future 10 A Three-Speed Latin America for the Twenty-first Century · The Institutions of the State and the Narcotics Trade · Three Latin American Clusters for the Twenty-first Century · A Final Word Notes Bibliography Index 237 255 273 223

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