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Palgrave Macmillan

An Introduction to Latin American Economics

Understanding Theory Through History

  • Textbook
  • © 2021

Overview

Authors:
  1. Scott McKinney

    1. Department of Economics, Hobart and William Smith Colleges, Geneva, USA

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  • Covers Latin American Economics, Latin American Studies, or Latin American History

  • Introduces the major economic topics and events in Latin America’s history, to the present

  • Contains case studies and worked examples

  • 3529 Accesses

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Table of contents (11 chapters)

  1. Front Matter

    Pages i-xi
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  2. The Land They Found

    • Scott McKinney
    Pages 1-12

  3. Adapting to a New World

    • Scott McKinney
    Pages 13-29

  4. Colonial Latin America

    • Scott McKinney
    Pages 31-48

  5. The First Century of Independence

    • Scott McKinney
    Pages 49-71

  6. Industrialization

    • Scott McKinney
    Pages 73-92

  7. Alternatives

    • Scott McKinney
    Pages 93-109

  8. The Commodity Boom of the 1970s

    • Scott McKinney
    Pages 111-123

  9. The Lost Decade of the 1980s

    • Scott McKinney
    Pages 125-149

  10. Emerging Markets and Financial Crises

    • Scott McKinney
    Pages 151-172

  11. The Rise of China and the Decline in Inequality

    • Scott McKinney
    Pages 173-191

  12. Crosscurrents: Translatinas, Remittances, and the Novel Coronavirus

    • Scott McKinney
    Pages 193-210

  13. Back Matter

    Pages 211-215
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Keywords

About this book

This textbook serves as an introduction to the major economic topics and events in Latin America’s history, from the settling of the region by indigenous Americans and then Europeans, Africans and Asians, to the economic consequences of COVID-19. Each chapter concentrates on a particular period—for example, pre-Columbian America, the 1980s debt crisis, the 21st Century decline in income inequality—and introduces the concepts needed to understand the events of that period. These concepts include theories such as Dutch Disease and Dependency Theory, policies such as import-substituting industrialization and neoliberalism, and analytical tools such as the circular flow of income and the foreign exchange market. Descriptive data are used to illustrate these concepts: for example, Latin America’s current account balance during the 1970s and 1980s shows the impact of the debt crisis, while the relationship between money supply growth and inflation in Argentina during the 1980s and 1990s shows the impact of expansionary monetary policy and convertibility.

With its focus on Latin American economic history and on the key concepts for understanding that history, this book can serve as the core textbook for an introductory course on Latin American Economics, or as a complementary text for an introductory course in Latin American Studies or a social science course on Latin America.

Authors and Affiliations

  • Department of Economics, Hobart and William Smith Colleges, Geneva, USA

    Scott McKinney

About the author

Scott G. McKinney was born and raised in Lima, Peru and was a Fulbright Professor in Lima and led many study abroad programs in Ecuador, Peru, and Argentina. His current research is on the factors that have improved the distribution of income in Latin America since the turn of the century. He is Emeritus Professor of Economics at Hobart and William Smith Colleges in New York, where he developed the two courses—Latin American Economies and Latin American Political Economy—that led to the writing of this book.

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