Economic development has been an challenge facing the countries of Latin America. Because the United States, from the very nature of its geographic and economic relationship with its southern neighbors, must inevitably exercise a strong influence on the course which that development takes, it is important that North Americans understand conditions in Latin America and the attitudes of its peoples. Roberto de Oliveira Campos, former Brazilian Minister of Economic Planning, is in a unique position to evaluate both past accomplishments and future problems. In this group of essays, Campos gives a comprehensive analysis of many aspects of Latin American development in the mid-twentieth century. He examines relations between the United States and Latin America from a variety of angles, and he outlines the basic problems of economic development, of governmental policy, and of public and private administration. He gives particular attention in several essays to the relationship of foreign trade and foreign aid to economic development, and he presents a long discussion of the Alliance for Progress—its history, its purposes, its accomplishments, and its failures. Campos’s philosophy regarding the role of the state in economic development and other questions emerges clearly from these pithy essays. “The valid distinction I see on the basis of my analysis of men and things is between pragmatic or functional nationalists and romantic or temperamental nationalists,” he writes. “The latter confuse intention with results. They start with enthusiasm and end in fanaticism, this being, according to Santayana, ‘the art of redoubling efforts after losing sight of objectives.’ . . . Many [romantic nationalists], though they do not confess it, favor the dangerous purgery of revolution. “The pragmatic nationalist seeks to operate within the frame of democratic institutions and prefers reform to revolution. As to myself, I shall continue considering myself a pragmatic nationalist. I renounce the temptation of mobilizing resentment in order to gain the authority to plan development. I would rather strengthen the national entrepreneur than merely antagonize the foreigner. I would want the state not to do what it cannot do in order to do what it should do. I prefer to love my own country rather than to hate the others’.”

Unlike other regions around the world, several Latin American countries have managed to reduce income inequality over the last decade. Higher growth rates and growing employment, but also innovative wage policies and social programs, have contributed to reducing poverty and narrow income disparities. Yet, despite this progress, nation-states in the region demonstrate little capacity to substantially change their patterns of deeply rooted inequalities. Focusing on the limits and challenges of redistributive policies in Latin America, this volume synthesizes and updates the discussion of inequality in the region, introducing the perspective of global and transnational interdependencies. The book explores the extent to which redistributive policies have been interlinked with the provision and quality of public goods as well as with structural changes of the productive sector. Inspired by structuralist and neostructuralist thinking of Latin American economists, such as Raúl Prebisch and Celso Furtado, authors question the redistributive impact of the interplay of recent macroeconomic, fiscal and social policies, particularly under left and center-left administrations committed to greater equality. Bringing together experts in social, fiscal and macroeconomic policies to investigate the interdependent and global character of inequalities, this book will appeal to scholars of sociology, economics, development and politics with interests in Latin America, inequality and public policy.

Global geopolitics has shifted dramatically over the last thirty years. After the vanishing expectations of a unipolar international system led by the United States, China has gained an increasingly dominant role in areas as innovative as quantum computing, robotics and artificial intelligence. In the non-digital dimension, the eastern superpower has made gigantic investments in its Belt and Road Initiative, which include the development of a massive network of highways, industrial centers, harbors, pipelines and bridges, among many other works of infrastructure. These investments allow for the connection of more than 60 countries worldwide, guaranteeing China s energetic security, easier conditions for trading goods and services and, perhaps more importantly, a significant influence in the political and economic events of the world. States with political regimes as diverse as those of Russia and India are part of this growing network; in various cases, in exchange for the benefits associated wi th being part of it, major concessions were made. By way of illustration, Sri Lanka and Pakistan, among others, given their lack of capacity to pay for sorne of the works, have agreed to forfeit control of specific areas of their territories.

The study of Latin American and Caribbean international relations has a long evolution both within the development of international relations as a general academic undertaking and in terms of the particular characteristics that distinguish the approaches taken by scholars in the field. This handbook provides a thorough multidisciplinary reference guide to the literature on the various elements of the international relations of Latin America and the Caribbean. Citing over 1600 sources that date from the nineteenth century to the present, with emphasis on recent decades, the volume's analytic essays trace the evolution of research in terms of concepts, issues, and themes. The Handbook is a companion volume to Atkins' Latin America and the Caribbean in the International System, Fourth Edition, but also serves as an invaluable stand-alone reference volume for students, scholars, researchers, journalists, and practitioners, both official and private.

Challenges the distorted hegemonic accounts of Latin American law and reveals their geopolitical and economic consequences in the world today.

The Emerald Handbook of Entrepreneurship in Latin America presents a detailed and extensive review of the most relevant literature published in Latin America, critically analysing and exposing historical processes along with emerging debates, suggesting future paths for its entrepreneurship ecosystems, agents, sectors and regions.

The strength of this book is that it summarises a vast amount of the modern literature in monetary economics. . . the book provides detailed and clear descriptions of monetary models. . . This comprehensive volume is a useful compendium of the monetary economics literature of the second half of the 20th century, which has to a certain extent been over taken by events. Paul Wachtel, Asian-Pacific Economic Literature This well-researched and finely crafted book is a valuable addition to the literature on monetary policy in developing countries. It explains the concepts and tools of monetary policy in a simple manner and discusses how monetary policy works in developing Asia in a historical context within the framework of an outward-oriented development strategy. I am not aware of any other book that covers the organisational and institutional aspects of major central banks in developing Asia. Prema-chandra Athukorala, Australian National University This book elaborates the key concepts, principles and models of inflation and monetary policy and explains how they remain relevant and useful to the design and conduct of monetary policy in developing Asia. In this rapidly growing region, price stability remains important and therefore monetary policy has gained increasing importance. Even while emphasising the importance of the classical approach, the book discusses alternative frameworks and points out areas where a consensus is emerging. The review of the literature is extensive and careful. Along with developing this theme, the book reviews the structure and governance of most central banks in the Asia-Pacific and discusses how they conduct monetary policy to achieve price stability under different monetary policy frameworks. The book fills a gap in the central banking and monetary policy literature and has no close competitors. It should be useful to both students and policymakers in developing Asia. Salim Rashid, University of Illinois, US The 1997 East Asia crisis exposed many economic policy weaknesses in the Asia-Pacific region. In his latest book, Dr Hossain provides students with a refreshing up-to-date reference text on the concepts and principles of money, banking and finance in developing countries which differ in many ways to monetary institutions and practices in developed countries, which conventional monetary textbooks focus on. I thoroughly recommend it. A.P. Thirlwall, University of Kent, UK This timely book reviews the modern literature on inflation and monetary policy, and highlights contemporary issues in the design and conduct of monetary policy for price stability in developing Asia. Akhand Akhtar Hossain surveys the evolution of central banking and provides an introduction to the structure, function and governance of central banks in selected countries in the Asia-Pacific. The author also examines the major theories, models and approaches to inflation and monetary policy, and evaluates monetary policy regimes in selected countries in the Asia-Pacific in a historical context. This eloquent and comprehensible book will prove to be invaluable to undergraduate students on monetary theory and policy as well as banking and financial courses. Researchers exploring monetary policy concepts, principles and case studies will warmly welcome this book, as will policy-makers who have an interest in macroeconomics, monetary and financial policies.