Most Important Readings

• Reyes and Sawyer, Chapter 3 Economic Growth in Latin America (Sakai)

• Reyes and Sawyer, Chapter 4 Growth and the Environment in Latin America History (Sakai)

• Diane Coyle, Beyond GDP: What the measure of economic performance misses about economic performance, Foreign Affairs February 16, 2014

• IMF, Includive Growth, Institutions and the Underground Economy, February 2012

• World Bank, Regional Profile of Doing Business in Latin America, 2013

• Heritage House, Global and Regional Trends in Economic Freedom, Chapter 6 has sections on Latin Ameria and the Caribbean

Other Readings

• Oxford Analytica, International: Economic Measurement Faces Huge Changes, January 2, 2015

Various Measures of Progress/Well-Being

• The Wealth of Nations, The Economist, June 5, 2012

• OECD Better Life Index

• Yale, Environmental Performance IndexOECD Better Life Index

• Milken Institute Global Opportunity Index, June 2015

Current Events for Discussion

• World Economic Forum, How Can Latin America Avoid Being Left Behind? January 18, 2016

• Jose De Gregorio, Latin America: From Recovery to Slowdown, World Economics, December 2015 -- good preentation of recent data

Indexes to look over

World Bank Policy Assessment rating
• Heritage House Economic Freedom Data year-by-year

• Transparency International, Corruption Perceptions Index 2011 (look over)

• Failed State Index 2008 (look over).

• World Bank Governance Indicators, 2014

• UNDP, Human Development Report, 2014

• Legatum Institute, Prosperity Index, 2014

• World Economic Forum Competitiveness Index, 2014-15

• Milken Global Opportunity Index, 2013 (with video)

• EIU, Business Environment Rankings: Which Country is Best to Do Business In, 2014

• World Economic Forum Human Capital Report, 2013

• EIU Food Security Index, 2014

Most Important Readings

• E. Wayne Nafziger, Chapter 5, Theories of Economic Development -- Just sections starting with Rostow Theory of Growth and through Application of the Lewis Fei Ranis model to Japan and the Neoclassical Counter-revolution

• Jeffrey Sachs, Stages of Economic Development, June 2004

• Michael Porter, Enhancing the Microeconomic Foundations of Prosperity: The Current Competiveness Index

• Xavier Sala-I-Martin et al., The Global Competitiveness Index: Measuring the Productive Potential of Nations, World Economic Forum, 2007

• Ernesto Talvi, Latin America's Decade of Development-less Growth, Think Tank 20, October 2014 (Latin America Section)

• Rabobank, Latin America: Locked up in the middle income trap, Rabobank, September 2015
  https://www.stlouisfed.org/~/media/Publications/Regional%20Economist/2015/October/trapped.pdf
• Adela Hounie and Lucia Pittaluga, ECLAC and the New Growth Theories, CEPAL Review, August 1999

Other Readings

• B. Higgins, Chapter 14, Interaction of Modern and Traditional Sectors -- covers some of the material lin Nafziger

• B. Higgins, Chapter 15, Balanced/Unbalanced Growth -- covers some of the material in Nafziger

• Dani Rodrik, Diagnosis Before Prescription, Journal of Economic Perspectives, Summer 2010
  Ricardo Hausman, Getting the Diagnosis Right, Finance and Development, March 2006

• Oxford Analytica, International: Development Strategies Face Rethink, February 26, 2008

Current Developments for Discussion

• Davos: Latin Aamerica's Battle to Avoid Falling Behind, January 26, 2015

• IMF: Latin America's Economies Have a Tough Year Ahead

• Argentina and Aramco Are Deals for Difficult Times, New York Times, January 26, 2016

• Oxford Analytica, Puerto Rico: Default Signals Further Slide in 2016, January 6, 2016

• Oxford Analytica, Centeral America:Remittances to Grow, January 14, 2016

• Oxford Analytica, Governance Indicators Hide Risks, January 27, 2016

• Oxford Analytica, Central America/Mexico: Extortion Threats Will Evolve, January 25, 2016

• Crisis Pushes Latin Aamerica to IMF, Buenos Aires Harold, January 30, 2016

• Suriname Approaches IMF for Possible Financial Aid, Carobbean 360, January 31, 2016

• Robert Looney, Is Jamaica Poised for a Turn-Around? Foreign Policy, February 12, 2014

Political Economy

• Reyes and Sawyer, Chapter 13 Economic Policy Debates in Latin America (Sakai) Overview of the various debates

• Francisco Rodriquez, The Political Economy of Latin American Economic Growth, World Bank

• Armando Di Filippo, Latin American Structuralism and economic Develoment, CEPAL Review, August 2009ism

• Vincent Ferraro, "Dependency Theory: An Introduction In the Development Economics Reader, 2008

• Cristobal Kay, Structuralism in Routledge Handbook of International Political Economy

• Robert Looney, Neo-Liberalism in Routledge Handbook of International Political Economy

• Manuelito, Sandra; Jiménez, Luis Felipe, Stylized features of the investment-growth connection in Latin America, 1980-2012, CEPAL Review, April 2015

• Latin America: Progress through populist policies? A mixed pecture, Rabobank, September 28, 2015

• John Williamson, Keys to Success: The Beijing or Washington Consensus, Chapter 9, Handbook of Emerging Economies (Sakai)

• Reyes and Sawyer, Chapter 12 Poverty and Inequality (Sakai)

• Nora Lustig, Most Unequal on Earth: Latin America is a region of stark income contrasts, but has been making progress, Finance & Developmnet, September 2015

Commodities/External Vulnerability

• Reyes and Sawyer, Chapter 5 Latin America and Primary Commodities (Sakai)

• Reyes and Sawyer, Chapter 7 Latin Ameriican Trade Policy (Sakai) Overview of the various debates

• Jonathan Kirshner, The International Consequences of Financial Fragility, Current History, January 2016

• James Siekmeir, Nationalism and Globalizatiion in Latin America, Current History, February 2015

• Latin America After the Commodity boom: Where to From Here, Rabobank, 2015

• Randall Jones, A Model for Predicting Expropriation in Latin America Applied to Jamaica, Colombia Journal Of World Business, Spring 1989

• Latin America: External Vulnerabilities and FX Pressure Valves, Rabobank, September

• Latin America The Tide Has Turned, Rabobank, September 28, 2015 -- end of the commodity supercycle

• Agusto de la Torre, Doing it Right: If Latin America is to rely on trade to enance economic growth, it must find the correct approach Finance & Developmnet, September 2015

• Latin America: Agricultural Perspectives, Rabobank, September 28, 2015

China in Latin America

• Latin America and the Rising South: Changing World, Changing Priorities, World Bank, 2015 -- How changes at the center of the world economy, how the rise of the South conditioned development in Latin America and the Caribbean

• Richard Fineberg, China, Latin America and the United States: Congruent Interests or Tectonic Turbulence? Latin America Reserch Review, 2011

• Eric Farnsworth, The New Mercantilism: China's Emerging Role in the Americas, February 2011

• Eduardo Porter, Slowdown in China Bruises Economy in Latin America, December 16, 2014

Macroeconomic Management

• Reyes and Sawyer, Chapter 10 Macroeconomic Policy in Latin America (Sakai)

• Reyes and Sawyer, Chapter 11 Macroeconomic Stability (Sakai)

• Reyes and Sawyer, Chapter 8 Exchange Rate Policy (Sakai)

• Reyes and Sawyer, Chapter 9 Financing Current Account Deficits (Sakai)

• Roberto Alvarez and Jose de Gregorio, Understanding Differences in Growth Performance in Latin America and Developing Countries Between the Asian and Global Financial Crises, Peterson Institute, November 2014

• Brookings, Latin America Macroeconomic Outlook: A Global Perspective: Macroeconomic Vulneerabilities in an Uncertain World: One Region, Three Latin Americas, September 2014

• Andre Meier, Watching the tide: Latin America appears better prepared to handle capital outflows than in the past, but its resillience might soon be tested Finance & Developmnet, September 2015

Governance

• Daniel Kauffman, Corruption Matters: Governance has progressed in a few Latin American countries, but corruption still hinders development in the region Finance & Developmnet, September 2015

• Jorge Castaneda, Latin American's Stand up to Corruption, Foreign Affairs, January/February 2016

Import Subsitution

• Henry Bruton, Productivity Growth in Latin America (American Economic Review (December 1967)-- mathematical will summarize. Classic study on import substitutiion using the neo-classical model

Other Readings

• John Paul Rathbone, What's Left on the Latin Left? Financial Times, Marc 8, 2013

Mexico

Cuba

• Brookings, Ten Economic Facts About Cuba, July 17, 2015
  Ted Henken, Overcoming Cuba's Internal Embargo, Current History, February 2015

• Richard Feinberg, Brookings, Cuba's Foreign Investment Invitation: Insights into Internal Struggles

• Richard Fineberg and Ted Piccone, Cuba's Economic Change in Comparative Perspective, November 6, 2014

Puerto Rico

• Robert Looney, Austerity in the Tropics: Is Puerto Rico the New Greece? The Milken Institute Review, Fourth Quarter 2014

• Robert Looney, Puerto Rico History and Economy, Europa folder on Sakai

• Desmnond Lachman, Puerto Rico's Real Problem, American Enterprise Institute, January 29, 2016

Dominican Republic/Haiti

• World Bank, Why is Haiti Poorer than the Dominican Republic, Chapter 9 in World Bank, Puzzles of Economic Growth in Sakai in the Texts folder

• Robert Looney, Dominican Republic, History and Economy, Europa folder on Sakai

• Robert Looney, Haiti, History and Economy, Europa folder on Sakai

• Robert Looney, Finally, Good News from Haiti, Foreign Policy May 3, 2013

Suriname/Guyana

• Suriname Economy, Europa folder on Sakai

• IMF Suriname: Selected Issues, August 14, 2014 Section on: Fostering Sustainable and Inclusive Growth in Suriname

  Current Events for discussion

  • Guyana Economy, Europa folder on Sakai

  Other Readings

  • BTI Mexico Country Report, 2014

  • Euler Hermes Mexico Country Report

  • Mexico Country Report, Rabobank, October 30, 2014

  • Mexico Shows resilience in a Complex Global Environment, IMF Survey, November 17, 2015 -- key challenge: fostering financial deepening while safeguarding financial stability

  • IMF, Mexico Title IV Consultation November 2015

  • Mexico energy law

  • IMF Mexico Selected Issues, November 2014 -- Impacts of the energy reforms.

  • Brookings, Mexico's Secondary Law Provices a Path Forward for New Investments in the Hydrocarbons Sector, June 25, 2014

  • Brookings, How Much is Informality Holding Back Mexico's Economy? June 19, 2014

  • Brookings, Mexico's Education Reforms and Latin America's Struggle to Raise Education Quality, January 23, 2014

  February 22/24

  Central America

  Most Important Readings

  • Jose Miguel Cruz, The Root Causes of the Central American Crisis, Current History, February 2015

  • Christine Wade, Unaccompanied Minors: Central America's Exodus Continues, World Politics Review, December 16, 2015

  • IMF, 2014 Article IV Consultation El Salvador, current challenges and prospects

  • Harold Trinkunas, Why is Honduras So Violent Brookings, October 1, 2015

  • IMF, El Salvador Selected Issues -- potential output, diversification and investment drivers, November 25, 2014

  • IMF Panama: Selected Issues, August 19, 2015 -- sections on Investment and Growth, and Energy and Growth

    Costa Rica

    http://www.dbresearch.com/PROD/DBR_INTERNET_EN-PROD/PROD0000000000365455/Costa_Rica.pdf
  • Robert Looney, Daniel Ortega's Reality Check, Foreign Policy, January 10, 2013

  • World Bank, Why is Costa Rica Lagging Behind Puerto Rico? Chapter 8 in World Bank, Puzzles of Economic Growth in Sakai in the Texts folder

  • Alberto Trejos, Economic Growth and Restructuring through Trade and FDI; Costa Rican Experiences of interst to Cuba, October 2013

  February 29, March 2

  Current Events for discussion

  Geoeconomics http://www.economist.com/news/americas/21578056-region-falling-behind-two-alternative-blocks-market-led-pacific-alliance-and
  • Stratfor, Brazil Stumbles, Argentina Finds Surer Footing,
    Brazil braced for further currency slide http://www.ft.com/intl/cms/s/0/7e44152a-cabf-11e5-84df-70594b99fc47.html#axzz40CVASqLZ http://www.wsj.com/articles/inflation-wrought-venezuela-orders-bank-notes-by-the-planeload-1454538101 Proposes IMF program https://panampost.com/editor/2016/02/12/how-venezuela-can-get-out-of-its-economic-mess/_content=Daily+Intelligence+Brief%3A+Feb.+18%2C+2016 China's Role in Latin America http://www.coface.com/News-Publications/Publications/China-s-role-in-Latin-America-is-much-more-than-a-trade-issue

  South America -- Atlantic

  Venezuela

  • David Smilde, The End of Chavismo" Current History, February 2015

  • Albert Fishlow, Venezuela, The Curse of Oil-Stoked Populism, Letatum Institute, 2013

  • World Bank, Why Has Venezuela's Economy Stagnated and Chile's Flourished? Chapter 7 in World Bank, Puzzles of Economic Growth in Sakai in the Texts folder

  Brazil

  • Albert Fishlow, Brazil, Chapter 3 in Handbook of Emerging Economies
    Coface: Brazil No quick fix for the crisis ../../../../Downloads/Panorama+Brazil+Nov+2015.pdf
  • Claudio Frischtak, Brazil: Demography, Technology, and All Other Things Considered, Brookings, Think Tank 20, soctober 2014

  • EIU, Brazil's Political and Economic Outlook Under DilmA 2.0, October 2014

  • Bringing Brazil's Economy Back to Life. Democracy Lab, October 2014

  • Jonathan Tepperman, Brazil's Antipoverty Breakthrough: The Surprising Success of Bolsa Familia, New York Times, Foreign Affairs, January/February 2016
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  • Financial Times, Special Report on Brazil, 2015

  Argentina

  • Miguel Kiguel, Argentina: A Case of Reverse Convergence, Think Tank 20, October 2014 (Latin American Section)

  • Can the Right Save Argentina? Legathum Institute, December 11, 2015

  • Albert Fishlow: Argantina

  • Robert Looney, Argentina's Dubious Boom, Foreign Policy, March 15, 2012

  • M. Victoria Murillo, Crtains for Argentina's Kirchner Era, Current History, February 2015

  • Domingo Cavalo, Argentina, Chapter 17 in Handbook of Emerging Economies

  • Jonathan Gilbert, Argentina's New President Moves Swiftly to Shakew up the Economy, New York times, December 27, 2015

  Uruguay

  http://www.dbresearch.com/PROD/DBR_INTERNET_EN-PROD/PROD0000000000368551/Uruguay.pdf

  Other Readings

  • Argentina Country Report, Rabobank, February 25, 2015

  • Paul Kiernan, Brazil's Economic Crisis Beats Down the Emerging Middle Class, Wall Street Journal, November 9, 2015Brazil, Middle Class WSJ

Most Important Readings

http://www.dbresearch.com/PROD/DBR_INTERNET_EN-PROD/PROD0000000000375400/Bolivia.pdf
• Europa -- Bolivia Economy (on Sakai)

• After Riding the Commodities Boom, Bolivia Faces Stress of Falling Prices, World Politics Review, October 15, 2015

• Robert Looney, Populism in Bolivia, Foreign Policy February 26, 2013

• Nieves Zuniga and Paul Heywood, Cleaning up La Paz: How Bolivia's biggest city freed itself from a ubiquiteous culture of corruption, Foreign Policy September 2015

• Europa -- Paraguary Economy (on Sakai)
  https://www.stratfor.com/analysis/dark-pasts-and-bright-futures-paraguay
• IMF, Informality in Paraguay: Macro-Micro Evidence and Policy Implications, November 24, 2015

• IMF, 2014 Article IV Assessment of the Paraguayan Economy, February 2015

• Oxford Analytica, Latin America: New Bloc Aims for Open Regionalism, May 23, 2013

Chile

• Patricio Navia, Chile, Chapter 12 in Handbook of Emerging Economies

• Chile: economic reality holds back reforms, Rabobank, September 17, 2015

• Brookings, Chile -- Can Educational Reform Address Inequality and Middle Class Frustration? An Experiment in Chile, May 9, 2014

Peru

• Moises Arce, The Persistence of the Two Perus, Current History, February 2014

Ecuador

• Ecuador Country Report, Rabobank, December 31,2014

• IMF, Ecuador, Selected Issues, The Dollar and Financial Stability, October 2015

• Carolyn Cui and Manuela Badaway, Cheap Oil and Strong Dollar: Ecuador's Twin Problems, Wall Street Journal, November 23, 2015

Colombia

• James Robinson, Colombia: Another 100 Years of Solitude? Current History, February 2013

• Brookings, The Challenges Santos Faces, July 3, 2014

• Colombia: The Promise of Peace, Economist Special Report, October 31, 2015

• Eduardo Gomez, Smart Development: How Colombia, Mexico and Singapore Beat the BRICs, Foreign Affairs February 5, 2014

• Nake Kamrany, Laura Amey, et. al. Colombia, Chapter 24 in Handbook of Emerging Economies