07.1_ISI_Performance-guest-lecturer-1

07.1_ISI_Performance-guest-lecturer-1 - The Economy of...

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Unformatted text preview: The Economy of Latin America ISI Performance ISI Performance ISI performance varies across countries Incentives to industries via government intervention How we compare Latin American countries under ISI with other countries Percentage Growth in GDP per Capita Country 1941-1949 1950-1959 1960-1969 1970-1979 1980-1989 Brazil 1.6 3.6 2.8 6.1 0.8 Ecuador 4.1 2.4 1.8 7.0 -0.1 Mexico 3.7 3.1 3.5 3.2 -0.3 Colombia 1.6 1.8 2.1 3.2 1.6 Peru 2.5 3.0 2.5 1.2 -2.1 Paraguay 0.6 -0.7 1.1 5.0 0.9 Argentina 2.3 0.8 2.8 1.3 -2.3 Chile 1.5 1.3 1.9 0.6 1.9 Bolivia 0.6 -1.7 3.2 1.9 -3.0 Venezuela 6.7 2.9 0 -0.1 -3.4 Latin American Performance Many Latin American countries experience economic growth during the ISI It seems that all economies were growing during the same period How much is due to ISI? How much is due to the world performance? Industry vs Agriculture ISI policies gave incentive to the industrialization At the same time Latin American see a reduction in the investment in agriculture Workers start moving from the countryside to the cities ISI Exhausted...
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This note was uploaded on 01/18/2012 for the course ECON 4311 taught by Professor Staff during the Spring '08 term at Minnesota.

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07.1_ISI_Performance-guest-lecturer-1 - The Economy of...

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