Economic Liberalization, Distribution and Poverty: Latin America in the 1990s
Rob Vos, Lance Taylor, Ricardo Paes De Barros, Ricardo Paes De BarrosISBN: 1840648716;
Since the late 1980s, almost all Latin American countries have undergone a series of far-reaching economic reforms, particularly in the areas of financial and capital account liberalization and trade. This book provides a comparative and analytical framework for assessing the impact of these reforms upon 16 countries in Latin America and the Caribbean, including: Argentina, Brazil, Chile, Colombia, El Salvador, Ecuador, Mexico, and Peru. The contributors analyze the complex interaction between macro policies, trade and financial liberalization. They illustrate that capital account liberalization in many cases has counteracted objectives of trade liberalization by provoking real exchange-rate appreciation and a profit squeeze in tradable goods sectors. The book concludes that structural shifts resulting from the reform process - such as greater demand for skilled labor and labor-saving investments in modern economic sectors - are major underlying causes of inequality and...
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