'Silent Revolution' includes new or amplified discussions of capital markets and the role they play in the increasing depth and frequency of financial crisis in Latin America.

This book assesses developmental experience in different countries as well as British expansion following the industrial revolution from a developmental perspective. It explains why some nations are rich and others are poor, and discusses how manufacturing made economies flourish and spur economic development. It explains how today’s governments can design and implement industrial policy, and how they can determine economically strategic sectors to break out of Low and Middle Income Traps. Closely linked to global trade and (im)balances, industrialization was never an accident. Industrialization explains how some countries experience export-led growth and others import-led slowdowns. Many confuse industrialization with the construction of factory buildings rather than a capacity and skill building process through certain stages. Industrial policy helps countries advance through those stages. Explaining technical concepts in understandable terms, the book discusses the capacity and limits of the developmental state in industrialization and in general in economic development, demonstrating how picking-the-winner type focused industrial policy has worked in different countries. It also discusses how industrial policy and science, technology and innovation policies should be sequenced for best results.

In the 1990s, 'protection', 'import substitution' and 'intervention' have become dirty words, part of the 'leyenda negra' of Latin America development in the postwar period. This book attempts a fresh look at the controversial years between the end of the Second World War and the point when, at varying dates in different countries, a discontinuity occurs in which the postwar 'style of development' ceased to play a central role in the economic evolution of the region. The analysis is based on seven case studies covering eleven countries.

An examination of the problems of economic growth and structural change in oil-exploring economies which focuses on the experience of Iran. The author argues that oil income can make a substantial contribution to industrial growth, subject to the adoption of appropriate policy measures.

This book tells the extraordinary story of the Pinochet regime's economists, known as the "Chicago Boys". It explores the roots of their ideas and their sense of mission, following their training as economists at the Department of Economics at the University of Chicago. After their return to Chile, the "Chicago Boys" took advantage of the opportunity afforded them by the 1973 military coup to launch the first radical free market strategy implemented in a developing country. The ideological strength of their mission and the military authoritarianism of General Pinochet combined to transform an economy that, following the return to democracy, has stabilized and is now seen as a model for Latin America. This book, written by a political scientist, examines the neo-liberal economists and their perspective on the market. It also narrates the history of the transfer of ideas from the industrialized world to a developing country, which will be of particular interest to economists.

In the wake of the Great Recession of 2008–09, economists feared that protectionist policies might sweep the world economy, echoing the wave of tariff escalations during the Great Depression of the 1930s. To some surprise, officials were more restrained and largely avoided traditional forms of protection (tariffs and quotas). As a result, economists underestimated the incidence of new protectionism because policymakers increasingly turned to more opaque behind-the-border nontariff barriers (NTBs). Using a combination of statistical analysis and case studies, the authors show that local content requirements (LCRs), a form of NTB, have become increasingly popular. How much was global trade actually reduced on account of LCRs? A conservative estimate might be $93 billion. Case studies featured cover the healthcare sector in Brazil, wind turbines in Canada, the automobile industry in China, solar cells and modules in India, oil and gas in Nigeria, and "Buy American" restrictions on government procurement.