Latin America and the Caribbean in the Global Economy 2100-ERASMUS-LACG

1. Development Paradigms and Long-term Growth Performance.
a. Shifting Paradigms in LAC's Economic Development.
a1. Structuralism, Dependency, and Redistributive Models.
a2. Neoliberalism.
a3. Environmental Economics and Sustainable Development.
b. Political Institutions, Policymaking, and Economic Policy in LAC.
c. The Washington Consensus: Assessing a Damaged Brand
d. From Old to new Developmentalism in LAC
2. Macroeconomics and Finance.
a. Taming Capital Account Shocks: Managing Booms and Busts
b. Monetary Policy in LAC
c. Fiscal Policy in LAC: Performance under Crisis
3. Integration into the World Economy.
a. LAC in the World Trade System
b. Regional Integration: From Old to New Paradigms
c. Open Regonalism in LAC and Beyond.
d. Curse or Blessing? Natural Resources and Economic/Human Development.
e. China and the Future of LAC Economic Development.
f. The EU-Mercosur Agreement: Is it Still Possible?
4. Productive Sector Development.
a. Structural Transformation and Economic Growth in LAC.
b. An Energy Panorama in LAC.
c. Learning and technological Capabilities.
5. Social Development.
a. The Rise (and Fall?) of Income Inequality in LAC.
b. Economic Insecurity and development in LAC.
c. Social Security Reforms.
6. New Challenges and Obstacles to the Development of LAC.
a. Global Economy.
b. LAC in the Recent Wave of International Migration.
b. China, the US, the EU and Others in LAC: What's the Game About?

Main fields of studies for MISMaP

geography

Type of course

elective monographs

Mode

Classroom

Prerequisites (description)

The course examines the development trajectory of Latin America and its relation with the international economy from the beginning of the 20th century to the present. It focuses on the political and economic factors that drove - and that resulted from - the LAC’s engagement with the world attending to the institutions and policies, as well as environment, population and factor endowments. The course aims to deepen understanding and appreciation for the economic complexities and major theoretical debates and substantive issues of Latin America and the Caribbean (LAC). There will be explored developmental challenges in LAC from economic, political, as well as social point of view. It is based on the recognition that there is a deep, multiple and multifaceted relationship between the global economy and politics at the international, regional, national and local levels.

Course coordinators

Joanna Gocłowska-Bolek

Learning outcomes

The student knows the history of the economic development of LAC.
The student is able to analyze the economic processes in LAC.
The student is able to analyze the place and role of LAC in the global economy.
The student is able to take part in a discussion on the role of LAC in the economic development of the world.
The student is able to collaborate in a group, leading various roles.

Assessment criteria

1. Final test: 50 %
2. Social Media Team Project: 50 %.
3. Presence is obligatory - two absences are allowed per semester.

(Instead of the final test a student may present during a class an overview of one of issues agreed with the lecturer. )

Practical placement

Bibliography

Compulsory reading (selected chapters):
Amitav, A. Latin America in Global International Relations, Routledge, 2021.
Ocampo, J. A., Ros, J. (eds.), The Oxford Handbook of Latin American Economics, Oxford University Press, 2014.
Bulmer-Thomas, V. The Economic History of Latin America since Independence, Cambridge University Press, 2014.

Further reading:
Bethell, L., The Cambridge History of Latin America, Cambridge University Press, vols. V and VI, 2014.
Bertola, L and Ocampo, J. A., The economic development of Latin America since independence. Oxford: Oxford University Press, 2012.
Blake, C.H., Politics in Latin America, 2nd edition, Boston, Houghton Mifflin Company, 2007.
Bulmer-Thomas, V., Coatsworth, J.H., and Cortés Conde, R., The Cambridge Economic History of Latin America, Cambridge University Press 2 vols, 2006.
Edwards, S., Esquivel, G. & Márquez, G., The decline of Latin American economies growth, institutions, and crises. Chicago: University of Chicago Press, 2007.
Franko, P., The puzzle of Latin American economic development, Rowman & Littlefield, 2007.
Gallup, J. L., Is geography destiny?: lessons from Latin America, World Bank, 2003.
Jenkins, R., How China is Reshaping the Global Economy: Development Impacts in Africa and Latin America, Second Edition, Oxford University Press, 2022.
McKinney S., An Introduction to Latin American Economics. Understanding Theory Through History, Palgrave Macmillan, 2021.
O'Toole G., Politics Latin America, Routledge, 2018.
Scartascini, C.G., Stein, E. and Tommasi, M., How democracy works: political institutions, actors, and arenas in Latin American policymaking, Washington, D.C., IADB, 2010.
Stein, E. et al., Policymaking in Latin America: how politics shapes policies, IADB 2008.

Additional information

Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system:

Description of 2100-ERASMUS-LACG in USOSweb