Trade, Stability, Technology, and Equity in Latin America provides information pertinent to the substantial social and economic progress in Latin America. This book covers a variety of topics, including international trade, technology, equity, external instability, and stabilization and growth. Organized into five parts encompassing 21 chapters, this book begins with an overview of the purchasing power parity theory of exchange rate determination and the law of one price. This text then provides a discussion of extending the monetary approach to the balance of payments to incorporate terms of trade effects. Other chapters consider the experience with the promotion of labor-intensive exports of manufacturers. This book discusses as well the pros and cons of external debt in Latin American development. The final chapter deals with economic development and provides an examination of basic needs, income distribution, and employment. This book is a valuable resource for policy makers, industrialists, economists, and structuralists.

This collection sets out to explore technology policy in Latin America during the 1970s and 1980s. It is based on country studies and industry studies in the main Latin American economies and examines the political turmoil surrounding protected industrialisation in these countries.

This study makes a solid case for the now prevalent contention that the development model of East Asian NICs is less costly (i.e. over inflation levels and more equitable income distribution), more adaptive to fluctuating would market conditions (eg. successful adjustment to the two oil crises) and more sustainable (i.e. high growth rates, even in the turbulent 1970s) than that of the Latin American NICs. In considering these issues, this book examines the major Latin American countries' economic problems and development experiences in light of the more successful stabilization and development experiences of the East Asian countries, Taiwan and South Korea in particular.

Examines broad patterns of development and some economic issues facing Latin American countries. Includes a chapter outlining recurrent patterns of economic development and economic crises throughout the past 500 years.

Edited by Ana María Martirena-Mantel, this volume, published in Spanish and English, contains the papers presented at a seminar sponsored jointly by the IMF and the Instituto Torcuato di Tella of Argentina. The seminar was held in Don Torcuato, near Buenos Aires. The volume consists of six papers, commentaries, and an overview by the editor, who also acted as moderator at the seminar.

Development has been elusive for Latin America in the 1990s. Notwithstanding tough neoliberal reforms, defeated hyperinflation, and large capital inflows, development of productive capacity and social equity shows a poor performance. These selected essays discuss the analytical bases of a pragmatic policy-oriented approach alternative to neoliberalism. They also analyze macroeconomic management, trade and financial liberalization in recent years.

This book combines the concept of technological capabilities from the development literature with an explanation of the specifics of these capabilities in industrial areas affected by new biotechnology. This provides a framework of analysis for the modern bioprocessing industry in Mexico. The necessity to go beyond mastery of imported technologies for these industries is discussed. More generally, the absence of core-scientific capabilities at the firm-level and other country-specific factors deter the potential for developing countries to catch-up in biotechnology.