Looking at how Latin American countries have coped with the 1994 Mexican crisis and the earlier debt crisis of the 1980s, this book reveals the full extent of what has come to be known as the tequila effect. Written by distinguished economists and financiers from Latin America, the Caribbean, and the United States, the volume also examines the social, political, and economic issues associated with ever-expanding trade and globalization.The book opens with chapters considering the impact of the Mexican crisis on Argentina, Colombia, and Venezuela, and it provides an interesting account of the events leading up to the crisis itself. In the following section, the contributors examine issues of economic growth by considering such topics as the need for a new growth strategy, by comparing the Latin American and Asian economies, and by looking at the Cuban economy from a trading partner's perspective. The final section takes an indepth look at the complex issues of neoliberalist versus neopopulist thinking in shaping Latin America's economic policies for the 21st century.

Capital Markets, Growth, and Economic Policy in Latin America

Business & Money

Jorge, Antonio

Salazar-Carrillo, Jorge

West, Bernadette

Economics

Praeger

This book advances the theory that a potential leading export sector―in this case, the oil sector―is capable of inducing economic growth even in peripheral countries where the product line is primary in nature. In Venezuela the oil sector has contributed directly and indirectly to the development of the country's overall economy, particularly from 1936 to 1973, when that sector met the criteria of a leading sector, i.e., one that expands rapidly and obtains a large specific size relative to the economy as a whole. Oil investment in Venezuela contributed to the fiscal sector, the foreign sector, GDP, income, backward and forward linkages, the multiplier and accelerator effects, and the retained value of total expenditures. In spite of recent efforts to diversify the production and export mix, the Venezuelan economy continues to remain heavily dependent on oil production for export.
During the midcentury decades of solid growth, it became evident that government oversight was needed to ensure that the numerous contributions flowing from the oil sector would be put to good use. Overall, it appears that the contributions were well utilized by the Venezuelan government, although there was plenty of room for improvement. Income distribution problems and other social inequities continued to beset the development process, leaving the economy rigid and inflexible. Consequently, when the oil sector faltered (1974 to 2000), Venezuela was unable to shift into other product lines. Political disarray soon followed, and with it a pervasive aura of economic uncertainty that persists to this day.

Oil and Development in Venezuela during the 20th Century

When an environmental news story breaks, the first place to turn for background on the issue is The Reporter's Environmental Handbook, now available in an updated and expanded third edition. Here, journalists can find the fast facts they need to accurately cover complex and controversial environmental stories ranging from indoor and outdoor air quality to sprawl and bioterrorism.

The Reporter's Environmental Handbook

Rutgers University Press

When an environmental news story breaks, the first place to turn for background on the issue is The Reporter's Environmental Handbook, now available in an updated and expanded third edition. Here, journalists can find the fast facts they need to accurately cover complex and controversial environmental stories ranging from indoor and outdoor air quality to sprawl and bioterrorism.

The Reporter's Environmental Handbook: Third Edition

Greenberg, Michael R.

See the best price to sell, buy, or rent books by West, Bernadette. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by West, Bernadette

See the best price to sell, buy, or rent books by West, Bernadette. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Capital Markets, Growth, and Economic Policy in Latin America

Oil and Development in Venezuela during the 20th Century

The Reporter's Environmental Handbook

The Reporter's Environmental Handbook

The Reporter's Environmental Handbook: Third Edition