Latin America's Economy

Latin America's Economy

Diversity, Trends, and Conflicts

By Eliana Cardoso and Ann Helwege





This important new text provides a clear, comprehensive, and accessible overview of major economic issues facing Latin America today, including balance of payments problems, inflation, stabilization, poverty, inequality, and land reform. It captures trends and common issues and at the same time illustrates the diversity of national experiences.

Each chapter centers around an economic problem from such new topics as debt to more enduring issues like poverty and agrarian reform—and presents major economic theories on the causes and solutions to the problem. Complex equations and formulas are omitted; instead, the discussion focuses on the underlying logic of contending policy prescriptions. Cardoso and Helwege provide numerous cross-country examples and tables to demonstrate how individual countries are affected differently by economic trends or policies, gradually building a sense of the complexity of the Latin American economy and the policy implications behind economic solutions. Chapters also include helpful summaries and ideas on what the future may hold.


Out of Print ISBN: 9780262031868 356 pp. | 7.5 in x 9.25 in


$40.00 X ISBN: 9780262531252 356 pp. | 7.5 in x 9.25 in


  • This is precisely the book that I have been waiting for. It is completely up to date, it deals with the most important questions, and the authors explain complex economic issues in simple and helpful ways, without loss of rigour orgenerality.

    David Hojman

    Journal of Latin American Studies

  • An important book...Few other single-volume surveys of theregion have so skillfully brought to our attention the complex tapestry ofmodern Latin American political economy.

    Antonia Jorge and Paul Moncarz

    Journal of Developing Areas


  • This is an excellent and sorely needed text. It has no serious competition.

    Andrew Zimbalist

    Professor, Smith College

  • This book is a first rate introduction to the economies of Latin America. It is a balanced and highly readable presentaion, broad ranging in the issues it covers, yet well grounded in modern theory; up to date in its factual description, yet it traces into the historical roots.

    Joseph Ramos

    CEPAL, Naciones Unidas, Santiago de CHILE

  • Well-written and highly analytical, this new text by Cardosa and Helwege seems destined to become the standard in Latin American economics courses. The bibliography is superb, the coverage is 'state of the art,' and the organization is logical. The sensitivity to the historical roots of underdevelopment, the dispassionate treatment of alternative views, and the careful attention to the issues of inflation and stabalization of all give this book a distinctive character. The closing chapters on solving the problems of the Latin American poor are especially innovative and useful. Sophisticated yet accessible, it is a book which will garner the confidence of economists even as it remains appropriate for more general area studies classes.

    Manuel Pastor

    Professor, Department of Economics, University of California at Berkeley

  • At last, an accurate, readable, and interesting book on Latin American economic development and its problems; both students of Latin America and general readers should be sure to get a copy.

    Stanley Fischer

    Professor, Department of Economics, MIT

  • The Cardoso-Helwege book will surely become the standard basic book on Latin American economics, comprehensive and sophisticated enough to be a text in economics or area of studies courses adn sufficiently well written to retain the interest of the fabeled intelligent layman who simply wants to learn about the subject. It is an unusual book, since it is accessible at various levels. The student and the layman wil not find it hard to digest, while the professional economist will recognize the deepness and carefulness of the arguments.

    Richard S. Eckaus

    Professor, Department of Economics, MIT

  • A first rate book on economics of Latin America. Cardoso adn Helegwe have managed to present a difficult and often tragic economic experience in a lucid and lively way. Hihgly recommendable for students and non-specialists alike. I will certainly recommend it to my students!

    Sebastian Edwards

    Professor, Department of Ecnomics, University of California, Los Angeles

  • My overall reaction to this text is one of admiration: it is a solid piece of work, backed by an extensive bibliography, and is very current. A book of this level and caliber is long overdue.

    Don Coes

    Professor, Latin American Institute, The University of New Mexico

  • Cardoso and Helwege's text is remarkably well balanced. It is rare to find such a reasoned account of such ideologically-charged issues as the cause of inflation and prescriptions for alleviating poverty and accelerating growth.

    Frances Hagopian

    Associate, Center for International Affairs, Harvard University