By Victor Bulmer-Thomas
This booklet covers the industrial background of Latin the USA from independence within the 1820s to the current. It stresses the diversities among Latin American nations whereas spotting the same exterior impacts to which the quarter has been topic. Victor Bulmer-Thomas notes the failure of the zone to shut the distance in residing criteria among it and the us and explores the explanations. He additionally examines the recent paradigm taking form in Latin the USA because the debt concern of the Eighties and asks even if this new fiscal version may be capable of deliver the expansion and fairness that the quarter desperately wishes. First variation Hb (1995): 0-521-36329-2 First variation Pb (1995): 0-521-36872-3
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Extra resources for The Economic History of Latin America since Independence
Their share of the Latin American total – 53 percent in 2000 – can be expected to stabilize now that birth rates are falling. In most less-developed countries (LDCs) a rapid rate of urbanization is consistent with an increasing rural population. Rural–urban migration is important, but the small size of the urban areas means that they cannot absorb all the increase in the rural population. The expanding populations must still ﬁnd new work opportunities in rural areas. In many Latin American countries, however, urbanization has been pushed to the point where rural–urban migration leads to a fall in the rural population – not just in its rate of growth.
In many Latin American countries, however, urbanization has been pushed to the point where rural–urban migration leads to a fall in the rural population – not just in its rate of growth. Uruguay, for example, has seen its rural population decline by nearly 50 percent since 1960, and in the year 2000 only 5 percent of its labor force was classiﬁed as agricultural. 3. 4 a Total excludes Cuba, Dominican Republic, and Haiti, for which data are not provided in source Source: ECLAC (2001), pp. 518–21.
The alchemy of success is no easier to achieve today than it was at the time of independence, however. There is no magic wand to wave, and international competition is ﬁercer than ever. 23 Even so, the lessons from the past – the failures as well as the successes – must be learned if all the grandchildren of today’s Latin Americans are to be assured a decent standard of living. 23 Mexico has been accepted as a member of the Organization for Economic Cooperation and Development (OECD), the club to which all DCs belong, but this has more to do with the politics of North American free trade than with Mexico’s true economic standing.
The Economic History of Latin America since Independence by Victor Bulmer-Thomas