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"This is an introductory survey of the history and recent development of Latin American economy and society from colonial times to the establishment of the military regime in Chile. In the second edition the historical perspective has been enlarged and important events since the Cuban Revolution, such as the agrarian reforms of Peru and Chile, the difficulties of the Central America Common Market and LAFTA, the acceleration of industrialisation in Brazil and the consolidation of the Cuban economy, are discussed. The statistical information has been extended to the early 1970s and the demographic data to 1975"--Back cover.
This book on the regional development theory analyzes the institutional environment, singling out three factors: the textile industry; government that provided key infrastructural provisions; and cotton-grower associations that were able to counter-balance the monopsony of the textile companies.