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International - The Macroeconomics of Populism in Latin America (A National Bureau of Economic Research Conference Report)

Description

Book Synopsis:

Again and again, Latin America has seen the populist scenario played to an unfortunate end. Upon gaining power, populist governments attempt to revive the economy through massive spending. After an initial recovery, inflation reemerges and the government responds with wage and price controls. Shortages, overvaluation, burgeoning deficits, and capital flight soon precipitate economic crisis, with a subsequent collapse of the populist regime. The lessons of this experience are especially valuable for countries in Eastern Europe, as they face major political and economic decisions. Economists and political scientists from the United States and Latin America detail in this volume how and why such programs go wrong and what leads policymakers to repeatedly adopt these policies despite a history of failure. Authors examine this pattern in Argentina, Brazil, Chile, Mexico, Nicaragua, and Peru—and show how Colombia managed to avoid it. Despite differences in how each country implemented its policies, the macroeconomic consequences were remarkably similar. Scholars of Latin America will find this work a valuable resource, offering a distinctive macroeconomic perspective on the continuing controversy over the dynamics of populism.

Details

Are you tired of seeing the same economic patterns repeated over and over again in Latin America? Introducing "The Macroeconomics of Populism in Latin America" - a groundbreaking conference report by the esteemed National Bureau of Economic Research. This comprehensive book delves deep into the populist scenario that has plagued Latin American countries for years. Learn from the mistakes of the past and gain valuable insights into why and how these programs go wrong, allowing you to make informed economic decisions in your own country.

In this must-read volume, renowned economists and political scientists from the United States and Latin America come together to dissect the failures of populist governments and the consequences of their policies. Explore the history of countries like Argentina, Brazil, Chile, Mexico, Nicaragua, and Peru, and discover why Colombia managed to avoid the same fate.

With a macroeconomic perspective on the dynamics of populism, this book is an invaluable resource for scholars and policymakers alike. Gain a deep understanding of the factors that lead governments to repeatedly adopt these failed policies. By learning from past mistakes, we can create a more stable and prosperous future for our nations.

Don't miss out on this opportunity to access the insights of leading experts in the field. Click here to get your copy of "The Macroeconomics of Populism in Latin America" today and be on the forefront of economic decision-making.

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