Description
Franko (economics and international studies, Colby College) employs tools from development, trade, and finance to evaluate policy outcomes in Latin America. The 15 chapters are organized into three sections covering the conceptual and historical foundations of development in Latin America; the role of the state and the ideological battles that derive from that question; and the social and environmental challenges the region faces. Suited to college students, it requires only an introductory course in economic principles. Annotation (c) Book News, Inc., Portland, OR (booknews.com)
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Fully revised and updated, this text provides the basic economic tools for students to understand the problems facing the countries of Latin America. In this second edition, Patrice Franko analyzes challenges to the neoliberal model of development and highlights recent macroeconomic changes in the region, including the broad move to a floating exchange rate and the collapse of the Argentine economy. Including charts and tables with the most current data available, the book also offers a wealth of new boxed discussions and vignettes. After a brief historical overview, Franko builds a contemporary model of regional development. She explores the contradictions of growth, especially in the context of overcoming intractable problems of poverty, education, health, and discrimination. Franko focuses on factors of competitiveness, including labor markets, technology, and infrastructure challenges. Liberally interspersed with examples and case studies, the author successfully combines theory and its application in the real world.
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