On the Costs of Inward-Looking Development: Historical Perspectives on Price Distortions, Growth, and Divergence in Latin American from 1930s - 1980s

Alan Taylor

No 5432, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: From the 1930s to the 1980s, economic policies in Latin America epitomized the inward-looking model of development. The model emerged in the Depression, and was later codified in unorthodox economic theories. Even though economic performance was seen as disappointing by the 1960s, the distortions of the regime were long lived, persisting and worsening into the 1970s and 1980s. I examine the costs of distortions and explore the structural differences between growth dynamics in Latin America and elsewhere. Distortions had pervasive and profound effects on many aspects of the growth process, and help explain divergent development in the region.

JEL-codes: N1 (search for similar items in EconPapers)
Date: 1996-01
Note: DAE
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published as Journal of Economic History, vol. 58, no. 1, pp. 1-28, 1998.

Downloads: (external link)
http://www.nber.org/papers/w5432.pdf (application/pdf)

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:nbr:nberwo:5432

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w5432

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().