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On the Costs of Inward-Looking Development

Price Distortions, Growth, and Divergence in Latin America

Dados Bibliográficos

ID4895477
AutoresAlastair M Taylor (0000-0003-3273-0844, National Bureau of Economic Research, autor correspondente), Alan M Taylor
Ano1998
Volume58
Fascículo1
Páginas1-28
Data de publicação1998-03-01
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoThe Journal of Economic History (JOURNAL)
Identificadores do periódicoISSN: 0022-0507 • E-ISSN: 1471-6372
EditoraCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/s0022050700019860
OpenAlexW2121596733
IdiomaEN
Citações recebidas40
Referências citadas47

From the 1930s to the 1980s, economic policies in Latin America epitomized the inward-looking model of development. The model emerged in the Depression, and was later codified in unorthodox economic theories. Even though economic performance was seen as disappointing by the 1960s, the distortions persisted and worsened into the 1970s and 1980s. This article examines the costs of distortions and explores the structural differences between growth dynamics in Latin America and elsewhere. Distortions had profound effects on many aspects of the growth process, help explain divergent development, and raise important questions about economic growth and the evolution of institutions

Development economics · Divergence (linguistics) · Economic geography · Economic system · Economics · Great Depression · Growth model · Latin Americans · Macroeconomics · Political science · Economic Growth and Productivity · Economic Theory and Policy · Fiscal Policy and Economic Growth

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Obras citantes distintas40
Citações por ano1,43
Intervalo de citações1998 - 2023 (26)
Velocidade de citaçãohistorical
Altamente citadoNão
Tipos de citaçãoNeutras: 34
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