Checking date: 25/01/2022

Course: 2023/2024

The Economic Development of Latin America in the Long Run
Master in Economic Development and Growth (Plan: 242 - Estudio: 255)

Coordinating teacher: DOMENECH FELIU, JORDI

Department assigned to the subject: Social Sciences Department

Type: Compulsory
ECTS Credits: 3.0 ECTS


Requirements (Subjects that are assumed to be known)
Students are expected to have a basic knowledge of Latin American history, a reading knowledge of Spanish, and previously taken introductory courses in Economics and Economic History
the main debates about long-run economic development in Latin America are examined from an international perspective. In particular, the course will address the impact of Latin American integration into the world market (including trade, capital flows, immigration, and changes in wellbeing and inequality) and the reactions to globalization (including restrictions to free trade and capital and labor mobility).
Skills and learning outcomes
Description of contents: programme
I. Introduction and Organization of the Course. - Growth and Wellbeing: A Long-run View II. Colonial Latin America and its Legacy - Did Geography and institutions Really Matter? - Were Colonial Living Standards Low? A Comparative Perspective - Lost Decades? The Consequences of Independence, 1820-1870 III. Economic Growth in the Long Run - What Did Cause Economic Growth? - When Did Latin America Fall Behind? IV. Latin America in the Global Economy - What Was the Economic Impact of Opening Up to International Trade? - How Did Capital Flows Affect Long-term Growth? - What Was the impact of Immigration on the Labor Market? - Was There A Reaction Against Globalization? (I) Trade Protectionism - Was There A Reaction Against Globalization? (II) Migration Restrictions V. Well-being - Was Inequality Always so High? - Did Living Standards Improve? VI. Historical Lessons and Challenges - Are There Lessons and Policy Implications from Latin American History?
Learning activities and methodology
The course has a seminar format in with a topic will be discussed class on the basis of weekly reading assignments. Each session will begin with an introduction by the teacher in which he will survey the main issues of the weekly topic, followed by a general discussion. Active participation is expected from students who will have to make brief presentation on the assigned readings and on the the topic of their research essay.
Assessment System
  • % end-of-term-examination 60
  • % of continuous assessment (assigments, laboratory, practicals...) 40

Basic Bibliography
  • Bulmer-Thomas, V. . The Economic History of Latin America since Independence. Cambridge University Press. 2013
  • Bulmer-Thomas, V., J.H. Coatsworth and R. Cortés Conde . Cambridge Economic History of Latin America. Cambridge University Press. 2006
  • Bértola, L. and J.A. Ocampo . The Economic Development of Latin America since Independence. Oxford University Press. 2012
  • Bértola, L. and J.G. Williamson (eds.) . Has Latin American Inequality Changed Direction? Looking over the Long Run. Springer. 2017
  • Edwards, S., G. Esquivel and G. Márquez . The Decline of Latin American Economies. Growth, Institutions, and Crisis. NBER/University of Chicago Press. 2007
  • Engerman, S.L. and K.L. Sokoloff . Economic Development in the Americas since 1500. Cambridge University Press. 2012
  • F. Fukuyama (ed.) . Falling Behind. Explaining the Development Gap Between Latin America and the United States. Oxford University Press. 2008
  • Haber, S.. How Latin America Fell Behind? Essays on the Economic Histories of Brazil and Mexico, 1800-1914. Stanford University Press. 1997
  • Hofman, André A. . The Economic Development of Latin America in the Twentieth Century. Edward Elgar. 2000
Recursos electrónicosElectronic Resources *
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The course syllabus may change due academic events or other reasons.

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