The Political Economy of Central America Since 1920

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CUP Archive, Dec 10, 1987 - Business & Economics - 416 pages
In this book Victor Bulmer-Thomas uses his previously unpublished estimates of the national accounts to explore economic and social development in the five Central American republics from 1920. He examines in detail variations in economic policy between countries which help to account for differences in performance. The major political developments are woven into the analysis and linked to changes in internal and external conditions. Growth under liberal oligarchic rule in the 1920s, heavily dependent on exports of coffee and bananas, was accompanied by modest reform programmes. The 1929 depression, which hit the region hard, undermined most of the reforms and ushered in a period of dictatorial rule in all republics except Costa Rica. The Second World War, particularly after the entry of the United States, at first strengthened the dictatorships, but ultimately produced challenges to rule by authoritarian caudillos. The social upheavals accompanying the post-war export-led boom forced governments in each republic to address the question of economic, social and political reform.
 

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Contents

reform and consolidation
25
The 1929 depression
48
Economic recovery and political reaction in the 1930s
68
end million 193945
96
Postwar economic recovery
105
The struggle for democracy the Cold War and the Labour
130
The foundations of modern exportled growth 195460
150
The illusion of a golden age 196070
175
The descent into regional crisis
230
Conclusions
267
Methodological Appendix
295
Statistical Appendix
307
Notes
338
Bibliography
387
Index
403
Copyright

External shocks and the challenge to the social order 19709
200

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Page 398 - El desarrollo integrado de Centroamérica en la presente década: Bases y propuestas para el perfeccionamiento y la reestructuración del Mercado Común Centroamericano (13 volúmenes, Instituto Latinoamericano para la Integración, BID, Buenos Aires, 1973-1974).

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