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Will Latin America Now Put a Stop to “Stop-and-Go”?

Published online by Cambridge University Press:  02 January 2018

Gustav Ranis
Gustav Ranis*
Affiliation:
Yale University
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Abstract

This paper raises the question whether the current wave of macro-economic and structural reforms in latin America should be viewed as a decisive change in the continent's long-term development strategy or as part of but another stop-and-go cycle, for which the continent has been known in the past. While no unambiguous answer is provided, the paper outlines what is still needed in the way of persistent micro-economic policy change if obstacles of political economy, including an abundance of natural resources and relatively easy access to foreign capital, are to be overcome.

Type
Research Article
Information
Journal of Interamerican Studies and World Affairs , Volume 38 , Issue 2-3: Special Double Issue: Poverty and Inequality in Latin America , Fall 1996 , pp. 127 - 140
Copyright
Copyright © University of Miami 1996

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References

(The) Economist (1994) “Reforming Latin America.” 333, 26 (26 November-2 December): 39-43.Google Scholar
Ranis, G. (1995) “The Comparative Development Experience of Mexico, the Philippines and Taiwan from a Political Economy Perspective.” Paper prepared for Conference on “Economics, Politics and Policies of Stabilization, Structural Adjustment and Long-term Development;” Yale University (New Haven, CT); 10-11 November.Google Scholar
Ranis, G. and Mahmood, S. A. (1992) The Political Economy of Development Policy Change. London, England: Basil Blackwell.Google Scholar