Author : Margarita Olivera
Publisher : LAP Lambert Academic Publishing
ISBN 13 : 9783838382968
Total Pages : 212 pages
Book Rating : 4.3/5 (829 download)
Book Synopsis Effective Demand, Economic Growth and External Constraints by : Margarita Olivera
Download or read book Effective Demand, Economic Growth and External Constraints written by Margarita Olivera and published by LAP Lambert Academic Publishing. This book was released on 2010-08 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: How to achieve a sustained economic development process in developing countries is up today an open issue. Traditionally it has been believed that liberalisation and free trade policies would have helped them develop. Yet the economic strategies based on the neoliberal reforms have proved to be wrong, especially for Latin America. The failures have been so strong that Latin America was led to more economic vulnerability and even to de-industrialisation. This book attempts to provide a better development strategy for Latin America, alternative to traditional outward-looking, free trade policies. After reviewing some traditional and heterodox theories, the book suggests that a demand-led growth strategy is a promising way to boost development. By extending this model to open economies this work stresses the external constraints that these economies have to face. Finally, a regional integration set-up is presented as a good complement to the demand-led growth strategy to reduce the external constraint and attain development. The book should be useful to the academic economist as well as policy makers, and to anyone else interested in Latin American development.