analysis of its recent economic history. We will specifically look at:
- The economic history of the Region
- Different theories of the economic development of Latin America.
- Recent sectoral trends: industry, services and agriculture
- Financial integration of the Region to international markets and its developmental consequences
- Investment challenges in different infrastructure sectors and the particular quest for resource mobilization.
- Specific country experiences in infrastructure investment.
Syllabus
1- Elements of the Economic History of Latin American
a. The world demand and the export-led model
b. Import substitution and industrialization
c. The economics of debt crisis
d. Hyperinflation and stabilization
e. The Crisis of neoliberalism
f. A neo-developmentalist renaissance
g. The return of the balance of payments constraint
2- Theories of Latin America Economic Development
a. Comparative Advantages and the orthodoxy
b. The ECLAC School
c. Dependency Theory and World System approaches
d. Institutionalism
3- Commodity Cycles and its impacts in the Region
a. Are there such things as cycles of commodity prices?
b. The determinants of commodity price movements
c. The recent economic conditions in the region
4- The integration of Latin America to the international financial system
a. An introduction to the Balance of Payments
b. Financial liberalization and capital account openness in the 1990s
c. The post 2008 scenario.
d. Trying to bridge the financial gap: the experience of Development Banks
5- Infrastructure financing and Capital markets in Latin America.
a. Different access to capital markets in the region and the role of multilateral banks.
b. Infrastructure investment and project finance experiences in the region.
6- Comparative development experiences: Industrial Policy and institutions- Latin America and East Asia
a. Mexico
b. Venezuela
c. Argentina
d. Brazil
e. Korea
f. China
g. Japan
