The political and economic history of Latin America has been marked by great hopes and even greater disappointments. Despite abundant resources—and a history of productivity and wealth—in recent decades the region has fallen further and further behind developed nations, surpassed even by...

<DIV>Studies of African economic development frequently focus on the daunting challenges the continent faces. From recurrent crises to ethnic conflicts and long-standing corruption, a raft of deep-rooted problems has led many to regard the continent as facing many hurdles to raise living standards....</div>

<DIV>Studies of African economic development frequently focus on the daunting challenges the continent faces. From recurrent crises to ethnic conflicts and long-standing corruption, a raft of deep-rooted problems has led many to regard the continent as facing many hurdles to raise living standards....</div>

<DIV>Studies of African economic development frequently focus on the daunting challenges the continent faces. From recurrent crises to ethnic conflicts and long-standing corruption, a raft of deep-rooted problems has led many to regard the continent as facing many hurdles to raise living standards....</div>

<DIV>Studies of African economic development frequently focus on the daunting challenges the continent faces. From recurrent crises to ethnic conflicts and long-standing corruption, a raft of deep-rooted problems has led many to regard the continent as facing many hurdles to raise living standards....</div>

Capital mobility is for emerging economies a double-edged sword, with the potential benefits of investment, whether or not direct, at times competing with the potential costs of currency crises, devaluations, and economic—plus potentially political—instability. The actors involved...

This NBER volume represents a major contribution to the ongoing debate about the consequences of open capital markets on economic growth and volatility, the appropriate sequence of liberalization of the current and capital accounts, and the ability of public policy to influence economic...

<DIV>The successes and failures of free market policy in Chile, implemented in 1973 under the guidance of economists trained at the University of Chicago, are clearly explained in this well-written study. The authors argue that it was a combination of misjudgments, including important policy errors,...</div>

<DIV><DIV><DIV><P>Some scholars argue that the free movement of capital across borders enhances welfare; others claim it represents a clear peril, especially for emerging nations. In <I>Capital Controls and Capital Flows in Emerging Economie</I>s, an esteemed group of contributors examines both the advantages and the...</i></p></div></div></div>