Why Latin American Nations Fail

Esteban Perez Caldentey is Chief of the Financing for Development Unit at the Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago, Chile. He teaches a course on Alternative Economic Models with Applications to Latin America at the University of Santiago de Chile. Matias Vernengo is Professor of Economics at Bucknell University. Previously he taught at the Federal University of Rio de Janeiro, Kalamazoo College, and the University of Utah. He was Senior Research Manager at the Central Bank of Argentina and external consultant to several United Nations organizations.

Preface
Contributors

1. Introduction
Matías Vernengo and Esteban Pérez Caldentey

PART I: THE INSTITUTIONAL TURN

2. Industrialization, Trade, and Economic Growth
Carlos Aguiar de Medeiros

3. Institutions, Property Rights, and Why Nations Fail
Esteban Pérez Caldentey and Matías Vernengo

4. With the Best of Intentions: Types of Development Failure in Latin America
Miguel A. Centeno and Agustín E. Ferraro

5. What Makes an Institution “Developmental”? A Comparative Analysis
Alejandro Portes and Jean C. Nava

PART II: THE POST-BOOM CHALLENGES

6. Latin America’s Mounting Development Challenges
José Antonio Ocampo

7. Economic Performance in Latin America in the 2000s: Recession, Recovery, and Resilience?
Juan Carlos Moreno-Brid and Stefanie Garry

8. South America after the Commodity Boom
Martín Abeles and Sebastián Valdecantos

9. China in Latin America: Social and Environmental Lessons for Institutions in a Commodity Boom
Rebecca Ray and Kevin P. Gallagher

10. Some Concluding Thoughts
Esteban Pérez Caldentey and Matías Vernengo

Index