The Macroeconomics of Populism in Latin America

by Rudiger Dornbusch

Book Overview

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 an price controls. Shortages, overvaluation, burgeoning deficits, and capital flight soon precipitate economic crisis, with a subsequent collapse of the populist regime. The lessons...

• Format: Paperback
• Language: English
• ISBN: 0226158446
• ISBN13: 9780226158440
• Release Date: February 1992
• Publisher: University of Chicago Press
• Length: 412 Pages
• Weight: 1.40 lbs.
• Dimensions: 1.2" x 6.1" x 9.1"