Ricardo Ffrench-Davis
Biographic Data
| ID | 828968 |
|---|---|
| NAME | Ricardo Ffrench-Davis |
| GIVEN NAMES | Ricardo |
| FAMILY NAME | Ffrench-Davis |
| SIGNATURE | FFRENCH-DAVIS R |
| AFFILIATIONS | CIEPLAN, Chile |
| VERIFIED | No |
| TOTAL WORKS | 25 |
| TOTAL CITATIONS | 50 |
| AUTHOR COUNT | 25 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1977 |
| LATEST PUBLICATION YEAR | 2019 |
| H-INDEX | 4 |
Productive investment in Chile’s economic development
This article reviews the trend of investment in Chile and its relationship with economic growth since the 1973 coup d’état; and it documents how investment remains the main growth driver. Notwithstanding that fact, innovation helps to mitigate diminishing returns from natural resources, while technology-intensive investment, such as broadband infrastructure, helps to diversify the production matrix. The article shows how a persistent increase in …
Les gouvernements de la Concertación1
Nous étudions les politiques économiques et leurs effets sous les quatre gouvernements de la Concertación (1990-2009), période au cours de laquelle la croissance a de loin dépassé celle enregistrée pendant la dictature (elle était, au cours de ces vingt années, de 5,1 %, avec une réduction des inégalités, contre 2,9 % et un creusement des inégalités entre 1974 et 1989).Dans les premières années (1990-1998), les réformes du travail et des politiqu…
Macroeconomics for development
Contrary to the belief that the region has found its way to an efficient macroeconomic policy, this paper argues that macroeconomic failures have been partly responsible for its disappointing economic and social performance in recent decades. Producers of gdp have had to cope with extremely unstable demand, exchange rates and access to financing, which have discouraged productivity and investment. Financial capital flows have been a determinant o…
L'économie chilienne depuis la crise globale
After reviewing the broad outline of the Chilean economic evolution during the military dictatorship (1973-1990) and the following four democratic governments (1990-2010), this article analyzes the contagion of the 2008-2009 crisis, its social and economic effects, the policy responses to it and their consequences. It emphasizes critically the financialization of Chilean economy, abandoning the road that had led to sustained growth and reduced i…
The global crisis, speculative capital and innovative financing for development
One of the characteristics of globalization has been the marked volatility of financial flows. The realization that this was affecting growth and equity induced the International Conference on Financing for Development, held in Monterrey in 2002, to adopt a global commitment to deal with the issue of development financing. Since then there has been a mixture of progress, backsliding and inaction. This article conducts a brief review of financial …
Stability with Growth
This book discusses the current debates on macroeconomics, capital market liberalization, and development, and develops a new framework within which one can assess alternative policies. The authors share the belief that the Washington consensus has advocated for narrow goals for development (with a focus on price stability), prescribed too few policy instruments (emphasizing monetary and fiscal policies), and places unwarranted faith in the role …
The impact of exports on growth in Chile
Dynamic export growth has been a distinctive feature of the Chilean economy over the last quarter of a century. This strong performance, however, has been accompanied by only modest average growth in GDP. Whilst export volumes rose by 10% a year between 1974 and 2001, GDP growth was only 4.3%. Furthermore, whereas export growth was steady, GDP fluctuated greatly, with several episodes of 8% to 10% growth but also deep recessions of 14% or 15%. He…
Globalizacion y politicas nacionales
Economic Reforms in Chile
Chile, entre el Neoliberalismo y el Crecimiento con Equidad
During Pinochet's dictatorship deep reforms were implemented in Chile. Certainly, many of them constituted permanent achievements for development strategies in democracy. However, economic growth between 1973 and 1989 was mediocre (averaging only 2.9% annually) and income distribution deteriorated notably. This was related to the fact that the reforms suffered from various flaws that had severe repercussions on the growth of potential GDP and on …
El efecto tequila, sus orígenes y su alcance contagioso
y Rodríguez (1992), y capítulo IV
The great Latin America debt crisis
Latin America has entered a new phase of abundance of capital inflows, bearing some resemblance to the episode of 70’s. In this paper a review is made of the origins of indebtment in the 70’s, of the emergence of the crisis in the early 80’s, and of the management by creditors and debtors during that decade. Some lessons are derived about the working of international financial markets and policy implications
Trade Liberalization and Growth
In recent years, many Latin American countries (LACs) have embarked upon trade liberalization drives. This article reviews the radical changes in trade policy which this has entailed, together with the current and foreseeable results, and offers some policy recommendations regarding complementary measures.The first sustained experience with trade liberalization in recent decades was in Chile, which launched a process in the 1970s that, by the end…
Debt Crisis and Development in Latin America
Trade liberalization in Latin America
A major shift has been observed in the development strategies of most of the Latin American countries in recent years. One sign of this change has been that the countries have increased the neutrality of their trade policy incentives in an effort to give greater priority to the market as a resource-allocation mechanism; it is also hoped that this will result in a more export-oriented production apparatus
An outline of a neo-structuralist approach
In the 1980s, for the first time in four decades, Latin America has been faced with a prolonged period of setbacks in its development. If it is to begin to move forward once again, it will have to formulate new development strategies which will offer a technically consistent and politically viable approach
Selective policies under a structural foreign exchange shortage
Development and External Debt in Latin America
Notas sobre el desarrollo económico y la deuda externa en América Latina
Dívida externa e alternativas de desenvolvimento na América Latina
O documento propõe que a origem do problema da dívida externa enfrentada pelos países em desenvolvimento está no funcionamento dos mercados de capitais internacionais. Uma visão otimista equivocada sobre o comportamento do mercado financeiro na década de 70 pode se estender por muitos anos, já que as nações devedoras adaptaram suas estruturas econômicas a um grande volume de recursos externos; pelo contrário, espera-se uma escassez de fundos nos …
The monetarist experiment in Chile
El experimento monetarista en Chile
Exports and industrialization in an orthodox model
Many developing countries have been applying export promotion policies during, the last fifteen years. Among them, mention may be made of Brazil, Colombia, Hong Kong, Israel, Mexico, Singapore, South Korea, Taiwan and Yugoslavia. The conditions, timing, mechanisms and effects differ from one case to another and cover a broad range of political and economic models. The variety displayed by the various kinds of past experience show above all that e…
Eficiencia y equidad en la integración económica de países en desarrollo
The Andean pact
Chile, entre el Neoliberalismo y el Crecimiento con Equidad
During Pinochet's dictatorship deep reforms were implemented in Chile. Certainly, many of them constituted permanent achievements for development strategies in democracy. However, economic growth between 1973 and 1989 was mediocre (averaging only 2.9% annually) and income distribution deteriorated notably. This was related to the fact that the reforms suffered from various flaws that had severe repercussions on the growth of potential GDP and on …
Trade liberalization in Latin America
A major shift has been observed in the development strategies of most of the Latin American countries in recent years. One sign of this change has been that the countries have increased the neutrality of their trade policy incentives in an effort to give greater priority to the market as a resource-allocation mechanism; it is also hoped that this will result in a more export-oriented production apparatus
The monetarist experiment in Chile
Macroeconomics for development
Contrary to the belief that the region has found its way to an efficient macroeconomic policy, this paper argues that macroeconomic failures have been partly responsible for its disappointing economic and social performance in recent decades. Producers of gdp have had to cope with extremely unstable demand, exchange rates and access to financing, which have discouraged productivity and investment. Financial capital flows have been a determinant o…
Trade Liberalization and Growth
In recent years, many Latin American countries (LACs) have embarked upon trade liberalization drives. This article reviews the radical changes in trade policy which this has entailed, together with the current and foreseeable results, and offers some policy recommendations regarding complementary measures.The first sustained experience with trade liberalization in recent decades was in Chile, which launched a process in the 1970s that, by the end…
El experimento monetarista en Chile
L'économie chilienne depuis la crise globale
After reviewing the broad outline of the Chilean economic evolution during the military dictatorship (1973-1990) and the following four democratic governments (1990-2010), this article analyzes the contagion of the 2008-2009 crisis, its social and economic effects, the policy responses to it and their consequences. It emphasizes critically the financialization of Chilean economy, abandoning the road that had led to sustained growth and reduced i…
The global crisis, speculative capital and innovative financing for development
One of the characteristics of globalization has been the marked volatility of financial flows. The realization that this was affecting growth and equity induced the International Conference on Financing for Development, held in Monterrey in 2002, to adopt a global commitment to deal with the issue of development financing. Since then there has been a mixture of progress, backsliding and inaction. This article conducts a brief review of financial …
Globalizacion y politicas nacionales
El efecto tequila, sus orígenes y su alcance contagioso
y Rodríguez (1992), y capítulo IV
Development and External Debt in Latin America
Exports and industrialization in an orthodox model
Many developing countries have been applying export promotion policies during, the last fifteen years. Among them, mention may be made of Brazil, Colombia, Hong Kong, Israel, Mexico, Singapore, South Korea, Taiwan and Yugoslavia. The conditions, timing, mechanisms and effects differ from one case to another and cover a broad range of political and economic models. The variety displayed by the various kinds of past experience show above all that e…
The Andean pact
Exports and industrialization in an orthodox model
Many developing countries have been applying export promotion policies during, the last fifteen years. Among them, mention may be made of Brazil, Colombia, Hong Kong, Israel, Mexico, Singapore, South Korea, Taiwan and Yugoslavia. The conditions, timing, mechanisms and effects differ from one case to another and cover a broad range of political and economic models. The variety displayed by the various kinds of past experience show above all that e…
Eficiencia y equidad en la integración económica de países en desarrollo
The monetarist experiment in Chile
El experimento monetarista en Chile
Dívida externa e alternativas de desenvolvimento na América Latina
O documento propõe que a origem do problema da dívida externa enfrentada pelos países em desenvolvimento está no funcionamento dos mercados de capitais internacionais. Uma visão otimista equivocada sobre o comportamento do mercado financeiro na década de 70 pode se estender por muitos anos, já que as nações devedoras adaptaram suas estruturas econômicas a um grande volume de recursos externos; pelo contrário, espera-se uma escassez de fundos nos …
Notas sobre el desarrollo económico y la deuda externa en América Latina
An outline of a neo-structuralist approach
In the 1980s, for the first time in four decades, Latin America has been faced with a prolonged period of setbacks in its development. If it is to begin to move forward once again, it will have to formulate new development strategies which will offer a technically consistent and politically viable approach
Selective policies under a structural foreign exchange shortage
Development and External Debt in Latin America
Debt Crisis and Development in Latin America
Trade liberalization in Latin America
A major shift has been observed in the development strategies of most of the Latin American countries in recent years. One sign of this change has been that the countries have increased the neutrality of their trade policy incentives in an effort to give greater priority to the market as a resource-allocation mechanism; it is also hoped that this will result in a more export-oriented production apparatus
The great Latin America debt crisis
Latin America has entered a new phase of abundance of capital inflows, bearing some resemblance to the episode of 70’s. In this paper a review is made of the origins of indebtment in the 70’s, of the emergence of the crisis in the early 80’s, and of the management by creditors and debtors during that decade. Some lessons are derived about the working of international financial markets and policy implications
Trade Liberalization and Growth
In recent years, many Latin American countries (LACs) have embarked upon trade liberalization drives. This article reviews the radical changes in trade policy which this has entailed, together with the current and foreseeable results, and offers some policy recommendations regarding complementary measures.The first sustained experience with trade liberalization in recent decades was in Chile, which launched a process in the 1970s that, by the end…
El efecto tequila, sus orígenes y su alcance contagioso
y Rodríguez (1992), y capítulo IV
Chile, entre el Neoliberalismo y el Crecimiento con Equidad
During Pinochet's dictatorship deep reforms were implemented in Chile. Certainly, many of them constituted permanent achievements for development strategies in democracy. However, economic growth between 1973 and 1989 was mediocre (averaging only 2.9% annually) and income distribution deteriorated notably. This was related to the fact that the reforms suffered from various flaws that had severe repercussions on the growth of potential GDP and on …
Economic Reforms in Chile
Globalizacion y politicas nacionales
Stability with Growth
This book discusses the current debates on macroeconomics, capital market liberalization, and development, and develops a new framework within which one can assess alternative policies. The authors share the belief that the Washington consensus has advocated for narrow goals for development (with a focus on price stability), prescribed too few policy instruments (emphasizing monetary and fiscal policies), and places unwarranted faith in the role …
The impact of exports on growth in Chile
Dynamic export growth has been a distinctive feature of the Chilean economy over the last quarter of a century. This strong performance, however, has been accompanied by only modest average growth in GDP. Whilst export volumes rose by 10% a year between 1974 and 2001, GDP growth was only 4.3%. Furthermore, whereas export growth was steady, GDP fluctuated greatly, with several episodes of 8% to 10% growth but also deep recessions of 14% or 15%. He…
The global crisis, speculative capital and innovative financing for development
One of the characteristics of globalization has been the marked volatility of financial flows. The realization that this was affecting growth and equity induced the International Conference on Financing for Development, held in Monterrey in 2002, to adopt a global commitment to deal with the issue of development financing. Since then there has been a mixture of progress, backsliding and inaction. This article conducts a brief review of financial …
Macroeconomics for development
Contrary to the belief that the region has found its way to an efficient macroeconomic policy, this paper argues that macroeconomic failures have been partly responsible for its disappointing economic and social performance in recent decades. Producers of gdp have had to cope with extremely unstable demand, exchange rates and access to financing, which have discouraged productivity and investment. Financial capital flows have been a determinant o…
L'économie chilienne depuis la crise globale
After reviewing the broad outline of the Chilean economic evolution during the military dictatorship (1973-1990) and the following four democratic governments (1990-2010), this article analyzes the contagion of the 2008-2009 crisis, its social and economic effects, the policy responses to it and their consequences. It emphasizes critically the financialization of Chilean economy, abandoning the road that had led to sustained growth and reduced i…
Les gouvernements de la Concertación1
Nous étudions les politiques économiques et leurs effets sous les quatre gouvernements de la Concertación (1990-2009), période au cours de laquelle la croissance a de loin dépassé celle enregistrée pendant la dictature (elle était, au cours de ces vingt années, de 5,1 %, avec une réduction des inégalités, contre 2,9 % et un creusement des inégalités entre 1974 et 1989).Dans les premières années (1990-1998), les réformes du travail et des politiqu…
Productive investment in Chile’s economic development
This article reviews the trend of investment in Chile and its relationship with economic growth since the 1973 coup d’état; and it documents how investment remains the main growth driver. Notwithstanding that fact, innovation helps to mitigate diminishing returns from natural resources, while technology-intensive investment, such as broadband infrastructure, helps to diversify the production matrix. The article shows how a persistent increase in …
Economic Theory and Policy (17 works) · Economics (17 works) · Political science (16 works) · Macroeconomics (10 works) · Development economics (8 works) · Latin Americans (7 works) · Market economy (6 works) · Business (5 works) · Finance (5 works) · Geography (5 works)