The economic history of Latin America since independence / Victor Bulmer-Thomas, Institute of the Americas, University College, London.

Previous edition: 2003.

Includes bibliographical references (pages 531-574) and index.

Latin American economic development: an overview -- The struggle for national identity from independence to midcentury: The colonial legacy ; The economic consequences of independence ; The free-trade question ; The export sector ; The nonexport economy ; Regional differences -- The export sector and the world economy, circa 1850-1914: World demand and the export-led growth model ; Export performance ; Export cycles ; The pattern of external trade ; The terms of trade and international transport costs -- Export-led growth : the supply side: The labor market ; Land ; Capital markets ; Foreign investment ; The policy context -- Export-led growth and the nonexport economy : Domestic-use agriculture ; Manufacturing and its origins ; Industry and relative prices ; Regional differences on the eve of the First World War -- The First World War and its aftermath: The collapse of the old order ; Trade strategies ; Exchange-rate, financial, and fiscal reform ; External shocks, relative prices, and the manufacturing sector -- Policy, performance, and structural change in the 1930s: The Depression of 1929 ; Short-term stabilization ; Recovery from the Depression ; The international environment and the export sector ; Recovery of the non-export economy ; The transition toward inward-looking development -- War and the new international economic order: Trade and industry in the Second World War ; Trade surpluses, fiscal policy, and inflation ; The postwar dilemma ; The new international economic order -- Inward-looking development in the postwar period: The inward-looking model ; Outward-looking countries ; Regional integration ; Growth, income distribution, and poverty -- New trade strategies and debt-led growth ; Export promotion ; Export substitution ; Primary export development ; The state, public enterprise, and capital accumulation ; Debt-led growth -- Debt, adjustment, and the shift to a new paradigm ; From debt crisis to debt burden ; External adjustment ; Internal adjustment, inflation stabilization, and the exchange-rate problem ; Growth, poverty, and income distribution, since the debt crisis -- Conclusions.