The Economic History of Latin America since Independence (Cambridge Latin American Studies)

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Summary: The Definitive Economic History of Latin America
Review: Bulmer-Thomas develops a clear and compelling case for Latin America's failure to achieve high levels of economic growth and equality, illustrating how productivity gains and exports in natural resource sectors were never translated into gains in non-primary product sectors. Along with studies by Coatsworth and Engerman & Sokoloff, this is one of the best sources of economic history for the budding Latin American scholar. A warning, though: this is no light read. A background in economics and several cups of coffee will present an advantage.

Rating:
Summary: The Economic History of Latin America Since Independence
Review: Not a single Latin American republic has achieved the status of developed nation after nearly two hundred years from colonial rule. The vast abundance of land, labor and natural resources has not delivered the long-awaited fruits of economic growth and economic development. Victor Bulmer-Thomas provides in this book an excepcionally detailled and balanced account of the factors that affect economic progress until the initial period of implementation of market-oriented reforms. It is in summary, an incomparable source of economic history information for those in love with the Latin American region. For a complete understanding of all the materials contained in the book, certain economic background is advisable.