This is a general survey of Brazilian society, economy, and political system since 1980. It describes the basic changes occurring as Brazil was transformed from a predominantly rural and closed economy under military rule into a modern democratic, industrial and urbanized society, with an extraordinary world class commercial agriculture in the past 60 years. In this period, Brazil passed from a pre-modern high fertility and mortality society to a modern low fertility and mortality one, the economy approached hyper inflation many times, and it abandoned a policy of protected industrialization to an economy opened to world trade. The advances and the failures of these changes are examined for the impact on questions of growth and equality. The book is designed as a basic introduction to contemporary Brazil from a recent historical perspective and is one of the first such comprehensive surveys of recent Brazilian history and development in any language.

This book addresses two questions that are crucial to understanding Mexico's current economic and political challenges. Why did the opening up of the economy to foreign trade and investment not result in sustained economic growth? Why has electoral democracy not produced rule of law? The answer to those questions lies in the ways in which Mexico's long history with authoritarian government shaped its judicial, taxation, and property rights institutions. These institutions, the authors argue, cannot be reformed with the stroke of a pen. Moreover, they represent powerful constraints on the ability of the Mexican government to fund welfare-enhancing reforms, on the ability of firms and households to write contracts, and on the ability of citizens to enforce their basic rights.