Titlebook: Reforming the Reforms in Latin America; Macroeconomics, Trad Ricardo Ffrench-Davis Book 2000 Palgrave Macmillan, a division of Macmillan Pu

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Intra-Latin American trade in the 1990s and its analytical base,ts play a leading role. Most countries are looking for export-led development. Nonetheless, in contrast with the experience of East Asian nations, the main instrument of trade reform has been a rather indiscriminate and rapid liberalization of imports (see Chapter 3; and ECLAC, 1995, ch. V). Most LA

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The policy implications of the Tequila effect,ly of funds was made available to the region; then, during the 1980s, there was a serious shortage of financing, and the region became a net exporter of funds. Between 1991 and 1994, it became a net recipient of large amounts of funds again, only to experience another sharp reduction of some of the

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Book 2000ows, development of productive capacity and social equity shows a poor performance. These selected essays discuss the analytical bases of a pragmatic policy-oriented approach alternative to neoliberalism. They also analyze macroeconomic management, trade and financial liberalization in recent years.

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,The return of private capital to Latin America: a word of caution in 1992 for ‘successful’ countrieroblems. Private and public investment is low and public wages are far below market levels. Poverty and income concentration continue to increase in many LACs, to worse levels than before the debt crisis of the early 1980s. Despite clear improvements, therefore, crucial problems remain.

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2633-5964 pragmatic policy-oriented approach alternative to neoliberalism. They also analyze macroeconomic management, trade and financial liberalization in recent years.978-1-349-62729-5978-1-137-04681-9Series ISSN 2633-5964 Series E-ISSN 2633-5972

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