Why Latin American Nations Fail

"Drawing on a range of exciting economists like Kaldor, Kalecki, and Prebisch, this volume constitutes a refreshing alternative to Why Nations Fail and provides a rich policy and research agenda for Latin America. Economic development does not depend on property rights but on building effective states and managing aggregate demand over the long run."--Diego Sánchez-Ancochea, coauthor of The Quest for Universal Social Policy in the South: Actors, Ideas, and Architectures "Rooted in CEPAL's path-breaking structuralist theoretical and empirical interpretation of the retarding socioeconomic impacts of commodity-based export-led economies, this cutting-edge book constitutes a legitimate (and much-needed) challenge to the near-hegemony of entropic national economic strategies grounded in the decontextualized, pseudo-historical, 'new institutionalist' interpretations of Latin America's circuitous economic trajectory."--James M. Cypher, Professor of Economics, Doctoral Program in Development Studies, Universidad Autónoma de Zacatecas, México