Economic Policy Alternatives for the Latin American Crisis

Economic Policy Alternatives for the Latin American Crisis examines macroeconomic policy alternatives for Latin American policymakers, considering the 1980s economic crisis. It presents a quantitative framework to evaluate policy effectiveness and estimates a model using Ecuador data. The book offers promising policy options for Latin American countries.

Format: Hardback
Length: 118 pages
Publication date: 30 August 2023
Publisher: Taylor & Francis Ltd

Economic Policy Alternatives for the Latin American Crisis, first published in 1990, sets out to explore a comprehensive range of macroeconomic policy options available to policymakers in Latin America. Spanning three decades of sustained growth and remarkable improvements in economic development, the 1980s witnessed a dramatic turn in Latin America's fortunes. However, the region faced a host of challenges, including mounting foreign debts, high real interest rates, accelerating inflation, rising poverty levels accompanied by malnutrition and high unemployment rates.

In response to these pressing issues, this book presents a quantitative framework for evaluating the effectiveness of various monetary and fiscal policies under conditions of inflation, declining growth, and debt. A macroeconomic policy model is constructed, drawing upon data from Ecuador, and estimated empirically using statistical techniques. The results of these simulations offer promising policy alternatives to address the current policy challenges.

This book holds immense value for scholars and researchers in the fields of Latin American economics, macroeconomics, and development economics. It provides a thorough examination of the economic landscape and offers insightful recommendations for policymakers seeking to navigate the complexities of the Latin American crisis. The book's interdisciplinary approach, combining theoretical analysis with empirical evidence, adds depth and relevance to its discussions.

By examining the historical trends, economic structures, and policy choices that have contributed to the crisis, Economic Policy Alternatives for the Latin American Crisis sheds light on the urgent need for sustainable and inclusive economic growth in the region. It emphasizes the importance of sound fiscal policies, effective monetary management, and targeted interventions to address social and economic inequalities. The book also highlights the role of international cooperation and support in addressing regional challenges and promoting sustainable development.

In conclusion, Economic Policy Alternatives for the Latin American Crisis is a valuable resource for scholars, policymakers, and anyone interested in understanding the complex economic challenges facing Latin America. It offers a comprehensive analysis of policy options and provides a roadmap for building a more resilient and prosperous future for the region.

Weight: 390g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032527352