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Explaining the Development Gap Between Latin America and the United States
In Falling Behind, Francis Fukuyama, acclaimed author of The End of History and America at the Crossroads, gathers together some of the world's leading scholars on the subject to explain the nature of the gap and how it came to be. Tracing the histories of development over the past four hundred years and focusing in particular on the policies of the last fifty years, the contributors conclude that while many factors are important, economic policies and weak institutions are at the root of the divide. Interestingly, while the gap is deeply rooted in history, they show that there have been times when it narrowed as a consequence of policy choices in nations such as Chile, Mexico, and Brazil, and that there has been genuine institutional reform across the region. Bringing to light these policy success stories, Fukuyama and the contributors lay out a path for Latin American nations so that they can improve their prospects for economic growth and stable political development.
Given that so many attribute the gap to either vast cultural differences or the consequences of U.S. economic domination, Falling Behind is sure to stir debate. And, given the importance of the subject in light of economic globalization and the immigration debate, its expansive, in-depth portrait of the hemisphere's development will be a welcome addition to the conversation.
336 pages; ISBN 9780199837533
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- Academic > Economics > Commerce
- Academic > Business and Commerce
- History > United States > 20th Century
- History > United States > Colonial Period (1600-1775)
- History > United States > Civil War Period (1850-1877)
- History > Military > Vietnam War
- Political Science > Economic Policy
- Political Science > International Relations
- History > Americas (North, Central, South, West Indies)
- History > Latin America
- Business > Economic History