This is a reader that applies the newest debates in political economy to the analysis of Latin America in a way that is thematically and theoretically cohesive.. Modern Political Economy and Latin America consists of carefully selected, edited readings in Latin American political economy. The editors, Jeffry Frieden and Manuel Pastor, Jr., include an introductory chapter, and a concluding article as well as brief introductions to all sections. These inclusions will make explicit the theoretical underpinnings of each article, and will highlight their respective contributions to the ongoing debates in Latin America. } Modern Political Economy and Latin America consists of carefully selected, edited readings in Latin American political economy. The editors, Jeffry Frieden and Manuel Pastor, Jr., include an introductory chapter, and a concluding article as well as brief introductions to all sections. These inclusions will make explicit the theoretical underpinnings of each article, and will highlight their respective contributions to the ongoing debates in Latin America.Latin American economies are undergoing profound transformations. And, in the wake of a decade-long debt crisis, the statist models of the past are giving way to a reliance on the market even as authoritarian rule seems to have ebbed in favor of new or reborn democratic institutions. As a result, the policy framework guiding economic and political development is likely to be fundamentally different. The analysis of Latin America needs a strong dose of modern political economy--one that can bring the area studies field up to date with the recent developments on the theoretical end of the economics and political science professions. This book helps fill that need. }

Table of Contents:
List of Acronyms; ; Introduction: "Modern Political Economy and the Policy Revolution in Latin America"; ; 1. Theoretical Perspectives; Section; 1. Contending Perspectives on Market Failure and Government Failure; 1. "The Origins of Structuralism" (H.W. Arndt, 1985),; 2. "Government Failures in Development" (Anne O. Krueger, 1990),; 3. "What Washington Means by Policy Reform" (John Williamson, 1990),; 4. "How Can States Foster Markets?" (Brian Levy, 1997),; 5. "Improving the State's Institutional Capability" (Sanjay Pradhan, 1997),; Section; 2. Explanations of Government Policy; 6"The Method of Analysis: Modern Political Economy" (Jeffry Frieden, 1991),; 7. "Political Models of Macroeconomic Policy and Fiscal Reforms" (Alberto Alesina, 1994),; 8. "Understanding Economic Policy Reform" (Dani Rodrik, 1996),; 9. "What Do We Know about the Political Economy of Economic Policy Reform?" (Stephan Haggard and Steven B. Webb, 1993),; 10. "Uses and Limitations of Rational Choice" (Barbara Geddes, 1995),; 2. Applications; Section; 3. The Political Economy of Growth since Independence; 11. "Obstacles to Economic Growth in Nineteenth-Century Mexico" (John Coatsworth, 1978),; 12. "Economic Retardation in Nineteenth-Century Brazil" (Nathaniel H. Leff, 1972),; 13. "Factor Endowments, Institutions, and Differential Paths of Growth Among New World Economies" (Stanley L. Engerman and Kenneth L. Sokoloff, 1997),; 14. "Latin American Manufacturing after the First World War" (Rory Miller, 1981),; 15. "Latin America in the 1930s" (Carlos F. Diaz Alejandro, 1984),; Section; 4. Foreign Trade and Industrial Policy; 16. "Import Substitution Industrialization" (Eliana Cardoso & Ann Helwege, 1992),; 17. "Was Latin America Too Rich to Prosper?" (James E. Mahon, Jr., 1992),; 18. "The Case for Trade Liberalization in Developing Countries" (Dornbusch, 1992),; 19. "The Origins of Mexico's Free Trade Policy" (Manuel Pastor & Carol Wise, 1994),; 20. "The Political Economy of Mercosur" (Luigi Manzetti, 1993),; Section; 5. Foreign Capital and the Macroeconomy; 21. "Forms of External Capital and Economic Development in Latin America: 1820-1997" (Werner Baer and Kent Hargis, 1997),