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believe that Latin America has always had very high levels of inequality, suggesting it will be hard for modern social policy … this must always have been true. Indeed, some have argued that high inequality appeared very early in the post … performance we observe there even today. This paper argues to the contrary. Compared with the rest of the world, inequality was …
Persistent link: https://www.econbiz.de/10005774734
believe that Latin America has always had very high levels of inequality, and that it’s the Iberian colonists’ fault. Thus … that this must always have been true. Indeed, some have argued that high inequality appeared very early in the post … performance we observe there even today. The recent leveling of inequality in the region since the 1990s seems to have done little …
Persistent link: https://www.econbiz.de/10011159906
While most contemporary historians agree that the use of debt peonage as a coercive labor contract in Mexico was not widespread, scholars still concur that it was important and pervasive in Yucatan state during the henequen boom of the late 19th and early 20th centuries. The henequen boom...
Persistent link: https://www.econbiz.de/10005830180
have reduced the otherwise substantial costs of fertility control and may be among the most effective development …
Persistent link: https://www.econbiz.de/10005774729
This paper examines sovereign lending to Latin America and the Caribbean from 1820 to 1913. We examine four waves of capital flows where defaults were followed by a return to market access. In spite of extended default, countries kept promising high returns that attracted international investors...
Persistent link: https://www.econbiz.de/10010969421
In 1950 Mexico entered an economic takeoff and grew rapidly for more than 30 years. Growth stopped during the crises of 1982-1995, despite major reforms, including liberalization of foreign trade and investment. Since then growth has been modest. We analyze the economic history of Mexico...
Persistent link: https://www.econbiz.de/10009395477
In the last few years there has been an explosion in the number of papers that aim to explain what determines country risk (defined as the difference between the yield of a sovereign's bonds and the risk free rate). In this paper, we contribute to the discussion using by showing that Brazilian...
Persistent link: https://www.econbiz.de/10008631109
The contrast between the early nineteenth century Argentinean experience of high inflation and the American experience of low inflation is interpreted in terms of a dynamic monetary model of optimal taxation. It is argued that the two countries' experiences diverged because of the different...
Persistent link: https://www.econbiz.de/10005830480
research on long-run comparative development should investigate the implications of political inequality as well as those of …Is inequality harmful for economic growth? Is the underdevelopment of Latin America related to its unequal distribution … of wealth? A recently emerging consensus claims not only that economic inequality has detrimental effects on economic …
Persistent link: https://www.econbiz.de/10005830802
This work explores how Argentina overcame the Great Depression and asks whether active macroeconomic interventions made any contribution to the recovery. In particular, we study Argentine macroeconomic policy as it deviated from gold-standard orthodoxy after the final suspension of...
Persistent link: https://www.econbiz.de/10005774451