<i>‘A fantastic set of studies on the comparative political economy of Latin America, and an indispensable volume for anyone interested in understanding economic development in a historical context.’</i>

- Dani Rodrik, Harvard University, USA,

<i>‘</i>The Elgar Companion to the Economies of Latin America and the Caribbean<i> offers a compelling and thorough comparative analysis of the region’s diverse economic landscapes and development trajectories. Francisco Rodríguez brings together thinkers from different perspectives in terms of their intellectual tradition and schools of thought. A must-read for scholars and policymakers alike.’</i>

- Luis Felipe López-Calva, Global Director for Poverty and Equity, the World Bank,

<i>‘In this edited volume, Francisco Rodríguez and his contributors bring a fresh set of answers to the perennial question of how Latin America fell behind. They both revisit old topics and bring new angles such as gender, social movements and the criminal economy, along with twenty country case studies. This is an important contribution for academia and policymaking alike.’</i>

- Felipe Valencia Caicedo, Brown University, USA,

This Companion examines why Latin America and the Caribbean have struggled to achieve sustained economic progress despite cycles of state-led development, market liberalization, and social policy experimentation. Through thematic analyses and detailed country studies, the contributors explore the structural constraints that have shaped the region’s trajectory.



Rather than seeking another universal model, chapters delve into regional and country-specific challenges, analyzing them within their historical, institutional, and economic contexts. Instead of a new ‘consensus’, they advocate for a new conversation: one that moves beyond rigid frameworks and embraces the complexity of the region’s economies, societies, and histories. The Companion examines critical challenges such as governance failures, state capture, and the role of political elites in shaping economic outcomes, emphasizing the need to strengthen institutions, promote economic diversification, and invest in human capital. Ultimately, it underscores the importance of fostering a more nuanced debate: one that acknowledges the diversity of Latin America’s economies and histories while identifying actionable strategies for inclusive growth, resilience, and long-term development.



The Elgar Companion to the Economies of Latin America and the Caribbean is a vital resource for students and scholars of development, international economics and political economy. Historians of Latin America and practitioners in political science will also benefit from the book’s detailed insights.

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Contents 1 Introduction: why is Latin America not developed? 1 Francisco Rodríguez PART I CROSS-CUTTING THEMES 2 Productivity growth in Latin America: 1820–2024 20 André Hofman and Mariana del Rio 3 Latin America’s Gramscian moment: when the old fades (“Extractivism”), but the new fails to be born 68 José Gabriel Palma 4 Continuismo v Rompismo: neocaudillismo and the electoral dominance of incumbents, ex-presidents, and newcomers in Latin America 119 Javier Corrales 5 Latin America in the neoliberal and postneoliberal eras 146 Gabriel Hetland 6 From parents to children: educational intergenerational mobility trends in Latin America and the Caribbean 158 Lucila Berniell, Cristian Bonavida, and Dolores de la Mata 7 Central banks and monetary policy in historical perspective 190 Esteban Pérez Caldentey and Matías Vernengo 8 Gender inequality and development in Latin America 203 María Magdalena Camou and Silvana Maubrigades 9 Social movements and extractivist mining in Latin America and the Caribbean: reshaping pathways of development? 222 Leonith Hinojosa, Salvador Martí i Puig, and Victor Tricot 10 The underground and criminal economy in Latin America 240 Julia Buxton PART II ANALYTICAL CASE STUDIES 11 Argentina: a lost half century? 258 Ignacio Labaqui and Marcos Buscaglia 12 Bolivia’s development: long view 270 Juan Antonio Morales 13 The Brazilian double disease 286 Otaviano Canuto 14 The Caribbean small economies in the world-economy: trade, economic performance, and innovation governance 298 Keith Nurse 15 Chile 1820–2020: a case of frustrated development? 322 Cristian Ducoing and Marc Badia-Miró 16 Colombian economic development since the early 20th century 336 José Antonio Ocampo and Carmen Astrid Romero 17 Costa Rica: the development of compromise 362 Ludovico Feoli 18 Cuba’s failed reforms and new economic crisis 376 Pavel Vidal Alejandro 19 Assessing the Dominican Republic’s economic development, 1970–2020 391 José R. Sánchez-Fung 20 Ecuador’s truncated development trajectory: the rise and fall of developmentalism in the early 21st century 416 Isabel Estevez and Andrés Arauz 21 Capitalist modernization and growth in small countries: El Salvador’s experience in the neoliberal era 434 Alexander Segovia 22 Haiti: a brief history of underdevelopment from colonial state to aid state 452 Jake Johnston 23 The struggle for sovereignty in Honduras 472 Lynn Holland 24 Why is Mexico not yet developed? 489 Gerardo Esquivel 25 Nicaragua: institutions-constrained growth 504 Alvaro López-Espinoza, Umanzor López-Baltodano, and Mayerli Obando Chamorro 26 From stabilization to stagnation? Peru’s economy toward the mid-21st century 521 Silvio Rendon 27 Is Puerto Rico the missing Latin American Tiger? 547 José Caraballo-Cueto 28 Suriname’s economic development 568 Scott MacDonald 29 Uruguay: a tale of economic successes and failures 583 Arturo C. Porzecanski and Henry Willebald 30 The Venezuelan growth puzzle 602 Michael Penfold and Francisco Rodríguez Index 619
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Produktdetaljer

ISBN
9781035317196
Publisert
2025-11-18
Utgiver
Edward Elgar Publishing Ltd
Høyde
244 mm
Bredde
169 mm
Aldersnivå
P, 06
Språk
Product language
Engelsk
Format
Product format
Innbundet
Antall sider
640

Biografisk notat

Edited by Francisco Rodríguez, Senior Research Fellow, Center for Economic and Policy Research and Faculty Affiliate, Josef Korbel School of Global and Public Affairs, University of Denver, USA