EconPapers    
Economics at your fingertips  
 

The Macroeconomics of Populism in Latin America

Edited by Rüdiger Dornbusch and Sebastian Edwards

in National Bureau of Economic Research Books from University of Chicago Press

Abstract: Again and again, Latin America has seen the populist scenario played to an unfortunate end. Upon gaining power, populist governments attempt to revive the economy through massive spending. After an initial recovery, inflation reemerges and the government responds with wage an price controls. Shortages, overvaluation, burgeoning deficits, and capital flight soon precipitate economic crisis, with a subsequent collapse of the populist regime. The lessons of this experience are especially valuable for countries in Eastern Europe, as they face major political and economic decisions. Economists and political scientists from the United States and Latin America detail in this volume how and why such programs go wrong and what leads policymakers to repeatedly adopt these policies despite a history of failure. Authors examine this pattern in Argentina, Brazil, Chile, Mexico, Nicaragua, and Peru—and show how Colombia managed to avoid it. Despite differences in how each country implemented its policies, the macroeconomic consequences were remarkably similar. Scholars of Latin America will find this work a valuable resource, offering a distinctive macroeconomic perspective on the continuing controversy over the dynamics of populism.

Date: 1992
Edition: 1
ISBN: 9780226158440
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ucp:bknber:9780226158440

Ordering information: This item can be ordered from
https://press.uchica ... ago/M/bo3684436.html
The price is $46.00.

Access Statistics for this book

More books in National Bureau of Economic Research Books from University of Chicago Press
Bibliographic data for series maintained by Books Division ().

 
Page updated 2025-03-20
Handle: RePEc:ucp:bknber:9780226158440