This is an excerpt of Latin America: New Challenges to Grwoth and Stability.

[In this book, the author's] analysis of the effects and causes of capitalist underdevelopment in Latin America present [an] account of ... Latin American history. [The author] shows how foreign companies reaped huge profits through their operations in Latin America. He explains the politics of the Latin American bourgeoisies and their subservience to foreign powers, and how they interacted to create increasingly unequal capitalist societies in Latin America.-Back cover.

Who is to blame for the economic and political crisis in Puerto Rico—the United States or Puerto Rico? This book provides a fascinating historical perspective on the problem and an unequivocal answer on who is to blame. In this engaging and approachable book, journalist A. W. Maldonado charts the rise and fall of the Puerto Rican economy and explains how a litany of bad political and fiscal policy decisions in Washington and Puerto Rico destroyed an economic miracle. Under Operation Bootstrap in the 1950s and '60s, the rapid transformation and industrialization of the Puerto Rican economy was considered a “wonder of human history,” a far cry from the economic “death spiral” the island’s governor described in 2015. Boom and Bust in Puerto Rico is the story of how the demise of an obscure tax policy that encouraged investment and economic growth led to escalating budget deficits and the government’s shocking default of its $70 billion debt. Maldonado also discusses the extent of the devastation from Hurricane Maria in 2017, the massive street protests during 2019, and the catastrophic earthquakes in January 2020. After illuminating the century of misunderstanding between Puerto Rico and the United States—the root cause of the economic crisis and the island’s gridlocked debates about its political status—Maldonado concludes with projections about the future of the relationship. He argues that, in the end, the economic, fiscal, and political crises are the result of the breakdown and failure of Puerto Rican self-government. Boom and Bust in Puerto Rico is written for a wide audience, including students, economists, politicians, and general readers, all of whom will find it interesting and thought provoking.

The most inclusive single-volume anthology of Latin American poetry intranslation ever produced.

Excerpt from How We Affect Latin America's Daily Life: Latin American, No; 2 If the United States is to hold its war-time lead in Latin America's foreign trade, our business men and our public must know more and think straighter about our ability to serve Latin American countries and our growing need for their foods and raw materials suitable for our manufactures. To give the basic facts about our present and possible future relations with Latin America is the purpose of the two pamphlets which the Institute for Public Service has persuaded Mr. William J. Dangaix to write from his personal travels and studies. In the present volume, How We Affect Latin America's Daily Life, many startling facts are given, such as that the West Indies' per capita trade with us was in 1918 four times that of Great Britain in 1913; Argentine's nearly five times that of France; Brazil's nearly twice that of Sweden; Cuba's twenty-six times that of Germany; Chile's three times that of Belgium. Will the population of Latin America grow up to her almost limitless natural resources? Are we her logical trading center? How can we earn continued leadership in the world trade of our neighbors to the south? What mistakes must we stop making? What are the encouraging evidences that we have profited from past mistakes? These and similar questions are answered by Mr. Dangaix in the two readable, definitely instructive pamphlets, How Latin America Affects Our Daily Life and How We Affect Latin America's Daily Life. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.