The current economic crisis has affected all aspects of life, resulting in political instability, personal financial troubles, and a growing number of business bankruptcies. Although these are serious issues, simply developing a government policy that injects an economy with money is not an appropriate means to achieve economic recovery and long-term economic development unless combined with an...

In this paper I analyse the role of openness and globalisation in Latin America’s economic development. The paper is divided into two distinct parts: I first (Sections 2 to 4) provide an analysis of 60 years of the region’s economic history, that go from the launching of the Alliance for Progress by the Kennedy administration in 1961, to the formulation and implementation of the market oriented...

In this paper I analyze the role of openness and globalization in Latin America's economic development. The paper is divided into two distinct part: I first (Sections II through IV) provide an analysis of 60 years of the region's economic history, that go form the launching of the Alliance for Progress by the Kennedy Administration in 1961, to the formulation and implementation of the market-or...

B etween 1980 and 1998, Latin America and the Caribbean experienced more than forty episodes in which gross domestic product (GDP) fell by 4 percent or more. Poverty increased sharply during these episodes. Despite this, most countries in the region do not have appropriate instruments to shield poor people (and the near-poor) from the brunt of macroeconomic shocks. Improvising to protect the po...

As evidenced by the historical digression, economic crises are an integral element in development of world economy. The overproduction goods was considered as main cause crises, that is, volume products produced aggregate suppliers exceeded demand. significant expansion exports has led to internationalization not only trade, but also production and creation new supply chains, which caused vulne...

The much publicized Asian economic “crisis,” which began with the collapse of the Thai baht in July 1997, is over! Instead of a situation that was initially and properly characterized as a “crisis”—to which some observers implausibly ascribed responsibility for triggering crises in Russia and Brazil as well—Asia currently displays a wide range of economic performance, problems, and prospects. A...