This is the new edition of the highly acclaimed Latin America in the 1930s, a text which has proved invaluable for teachers, researchers and students alike. The second edition has been revised and updated, including a new preface and updated statistical material, to form the second volume in the Economic History of Twentieth-Century Latin America . This book confronts the puzzle of Latin America's rapid recovery from the collapse in world markets and capital flows in the late 1920s. It shows how far the safety valves which made recovery possible in the 1930s were not available fifty years...

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.

This book explores the impact on Latin America of the extraordinary transformation of the international economy that took place in the half century or so that preceded the world depression of the 1930s. The authors show how the response varied in terms of both growth and distribution, shaped by varying preconditions, and by natural resources and geography. The interplay of economic developments with political and social structures had profound and varied effects on policy-making and on institutions that were of great significance for later decades.