This paper addresses the adequacy of post-reform growth in Latin America in the 1990s on the basis of international comparisons as well as historical and other relevant standards, analytically exploring and empirically testing a number of hypotheses to explain the perceived dissatisfaction with...

One of the earliest general strategies of development that directly involves international transactions is that usuallly called import substitution. This paper studies the import substitution story -why and how it came to be -and the rise of the outward-oriented approach (a contrary approach to...