By Enrique Cárdenas, José Antonio Ocampo, Rosemary Thorp (eds.)

ISBN-10: 0230595685

ISBN-13: 9780230595682

ISBN-10: 0333633415

ISBN-13: 9780333633410

ISBN-10: 0333913043

ISBN-13: 9780333913048

ISBN-10: 1349394297

ISBN-13: 9781349394296

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Extra resources for An Economic History of Twentieth-Century Latin America: Volume 3: Industrialization and the State in Latin America: The Postwar Years

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J. ), Taxation and Economic Development, London: Cass. Furtado, C. (1989) La fantasõÂa organizada, BogotaÂ: Tercer Mundo Editores. GarcõÂa, N. and Tokman, V. (1984) `TransformacioÂn ocupacional y crisis', Revista de la CEPAL, no. 24, December. Hirschman, A. O. : Yale University Press. Hofman, A. (1998) `Latin American Economic Development: A Causal Analysis in Historical Perspective', Groningen Growth and Development Centre, monograph series, no. 3. Jorgensen, S. L. and Paldam, M. (1987) `The Real Exchange Rates of Eight Latin American Countries 1946±1985: An Interpretation', in Geld und WaÈrung (Monetary Affairs), vol 3(4), December.

4 The `Havana Charter' which set up the International Trade Organisation, (ITO) was never ratified by many of its signatories, including the USA. It was an unrealistic proposal attempting immediate free trade with no serious institutional backing to transact such a change (see Dam, 1970). The GATT was as a result required to play the role envisaged for the ITO, but it did not incorporate the organizational and substantive content that the ITO was intended to contain. 5 Department of State Bulletin, 11 April 1948.

The long transition to a more competitive exchange rate was thus mediated, in these cases, by a balance of payments crisis generated by large overvaluation and current account deficits in the early liberalization period. Chile in the 1970s and 1980s is a notable example of this lengthy and costly `transition path'. Given the strong emphasis on overvaluation as a feature of import substitution industrialization, it is paradoxical that few analyses of the exchange rate dynamics during the period of state-led industrialization are available.

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An Economic History of Twentieth-Century Latin America: Volume 3: Industrialization and the State in Latin America: The Postwar Years by Enrique Cárdenas, José Antonio Ocampo, Rosemary Thorp (eds.)


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