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The macroeconomics of populism in Latin America / edited by Rudiger Dornbusch and Sebastian Edwards.

Contributor(s): Material type: TextTextSeries: Conference report (National Bureau of Economic Research)Publication details: Chicago : University of Chicago Press, 1991.Description: 1 online resource (ix, 402 pages) : illustrationsContent type:
  • text
Media type:
  • computer
Carrier type:
  • online resource
ISBN:
  • 0226158489
  • 9780226158488
  • 9780226158440
  • 0226158446
  • 1281223298
  • 9781281223296
  • 9786611223298
  • 6611223290
Subject(s): Genre/Form: Additional physical formats: Print version:: Macroeconomics of populism in Latin America.DDC classification:
  • 339.5/098 20
LOC classification:
  • HC125 .M255 1991eb
Other classification:
  • 83.30
  • QC 340
  • QG 630
Online resources:
Contents:
The macroeconomics of populism / Rudiger Dornbusch, Sebastian Edwards -- The political economy of Latin American populism / Robert R. Kaufman, Barbara Stallings -- Populism, profligacy, and redistribution / Eliana Cardoso, Ann Helwege -- Description of a populist experience: Argentina, 1973-1976 / Federico A. Sturzenegger -- What have populists learned from hyperinflation? / Roque B. Fernandez -- Sixty years of populism in Brazil / Paulo Robello de Castro, Marcio Ronci -- The socialist-populist Chilean experience: 1970-1973 / Felipe Larrain, Patricio Meller -- Populism and economic policy in Mexico, 1970-1982 / Carlos Bazdresch, Santiago Levy -- The illusion of pursuing redistribution through macropolicy: Peru's heterodox experience, 1985-1990 / Ricardo lago -- Collapse and (incomplete) stabilization of the Nicaraguan economy / Jose Antonio Ocampo -- On the absence of economic populism in Colombia / Miguel Urrutia.
Summary: Again and again, Latin America has seen the populist scenario played to an unfortunate end. Upon gaining power, populist governments attempt to revive the economy through massive spending. After an initial recovery, inflation reemerges and the government responds with wage an price controls. Shortages, overvaluation, burgeoning deficits, and capital flight soon precipitate economic crisis, with a subsequent collapse of the populist regime. The lessons of this experience are especially valuable for countries in Eastern Europe, as they face major political and economic decisions. Economists and political scientists from the United States and Latin America detail in this volume how and why such programs go wrong and what leads policymakers to repeatedly adopt these policies despite a history of failure. Authors examine this pattern in Argentina, Brazil, Chile, Mexico, Nicaragua, and Peru-and show how Colombia managed to avoid it. Despite differences in how each country implemented its policies, the macroeconomic consequences were remarkably similar. Scholars of Latin America will find this work a valuable resource, offering a distinctive macroeconomic perspective on the continuing controversy over the dynamics of populism.
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Includes bibliographical references and indexes.

The macroeconomics of populism / Rudiger Dornbusch, Sebastian Edwards -- The political economy of Latin American populism / Robert R. Kaufman, Barbara Stallings -- Populism, profligacy, and redistribution / Eliana Cardoso, Ann Helwege -- Description of a populist experience: Argentina, 1973-1976 / Federico A. Sturzenegger -- What have populists learned from hyperinflation? / Roque B. Fernandez -- Sixty years of populism in Brazil / Paulo Robello de Castro, Marcio Ronci -- The socialist-populist Chilean experience: 1970-1973 / Felipe Larrain, Patricio Meller -- Populism and economic policy in Mexico, 1970-1982 / Carlos Bazdresch, Santiago Levy -- The illusion of pursuing redistribution through macropolicy: Peru's heterodox experience, 1985-1990 / Ricardo lago -- Collapse and (incomplete) stabilization of the Nicaraguan economy / Jose Antonio Ocampo -- On the absence of economic populism in Colombia / Miguel Urrutia.

Print version record.

Again and again, Latin America has seen the populist scenario played to an unfortunate end. Upon gaining power, populist governments attempt to revive the economy through massive spending. After an initial recovery, inflation reemerges and the government responds with wage an price controls. Shortages, overvaluation, burgeoning deficits, and capital flight soon precipitate economic crisis, with a subsequent collapse of the populist regime. The lessons of this experience are especially valuable for countries in Eastern Europe, as they face major political and economic decisions. Economists and political scientists from the United States and Latin America detail in this volume how and why such programs go wrong and what leads policymakers to repeatedly adopt these policies despite a history of failure. Authors examine this pattern in Argentina, Brazil, Chile, Mexico, Nicaragua, and Peru-and show how Colombia managed to avoid it. Despite differences in how each country implemented its policies, the macroeconomic consequences were remarkably similar. Scholars of Latin America will find this work a valuable resource, offering a distinctive macroeconomic perspective on the continuing controversy over the dynamics of populism.

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