Abstract:
Latin America began the twentieth century as a relatively poor region on the periphery of the world economy. This paper argues that policy responses in the 1930s, and subsequent decades of relative economic retardation, can be better understood as that cause and effect of the creation of long-run barriers in international capital markets.
More papers in Working Papers from Stanford - Hoover Institution Address: STANFORD UNIVERSITY, HOOVER INSTITUTION, DOMESTIC STUDIES PROGRAM,DEPARTMENT OF ECONOMICS, STANFORD CALIFORNIA 94305 U.S.A. Contact information at EDIRC. Series data maintained by Thomas Krichel ().
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