First Published in 1994. Routledge is an imprint of Taylor & Francis, an informa company.

First Published in 1994. Routledge is an imprint of Taylor & Francis, an informa company.

First Published in 1994. Volume 6 in the 7-volume series titled Essays on Mexico, Central and South America: Scholarly Debates from the 1950s to the 1990s. The central scholarly articles concern interstate peace along with a U.S. propensity to intervene, and international structural vulnerabilities and economic asymmetries along with the significance of elite skills and choices. This title recognises that scholars have paid more attention to international economics in Latin America and seeks to balance the range study.

Economists have debated Latin America’s economic strategies at two moments since the second world war. The first debate, often characterized as between monetarists and structuralists, flourished from the late 1950s to the early 1970s. It focused on the strengths and weaknesses of a strategy of import-substituting industrialization (ISI). The second debate has unfolded since the early 1980s. It focuses on policies of economic stabilization to control inflation, and on exchange rates, trade regimes and, especially, a strategic orientation toward reliance upon markets in order to foster economic growth. This is collection of essays around the strategies and policies adopted in Latin America.