Journal ArticleDOI
Always Protectionist? Latin American Tariffs from Independence to Great Depression
TLDR
This article reported that tariffs in Latin America were the world's highest long before the Great Depression, which is a surprising fact given that Latin America is believed to have exploited globalisation forces better than most regions before the 1920s, and given that the 1930s have always been viewed as the critical decade when Latin American policy became so anti-global.Abstract:
This article reports a fact that has not been well appreciated: tariffs in Latin America were the world's highest long before the Great Depression. This is a surprising fact, given that Latin America is believed to have exploited globalisation forces better than most regions before the 1920s, and given that the 1930s have always been viewed as the critical decade when Latin American policy became so anti-global. The explanation does not lie with imagined output gains from protection in these young republics, but rather with state revenue needs, strategic responses to trading partner tariffs and a need to compensate globalisation's losers.read more
Citations
More filters
Journal ArticleDOI
Structures, Endowments, and Institutions in the Economic History of Latin America
TL;DR: The authors reviewed the consequences of the paradigm shift in Latin American economic historiography from structuralism to the New Institutional Economics (NIE) and examined the latest long-range comparisons of productivity between the Latin American and U.S. economies, concluding that the relative economic stagnation of the past quarter century may not render structuralism entirely irrelevant.
Journal ArticleDOI
The worldwide economic impact of the French Revolutionary and Napoleonic Wars, 1793-1815
TL;DR: This article provided a comparative history of the economic impact of the Revolutionary and Napoleonic Wars, focusing on the relative price evidence, and showed that the conflict had major economic effects around the world.
Journal ArticleDOI
The Spanish Empire and its legacy: fiscal redistribution and political conflict in colonial and post-colonial Spanish America
TL;DR: In this paper, the authors present a historicized, statistically and economically validated explanation for the institutional and economic development of Spanish America, arguing for a reversal of the causality from weak institutions causing economic failure to fiscal (and economic) failure leading to political instability.
Journal ArticleDOI
The rise and decline of economic structuralism in Latin America : New dimensions
TL;DR: Structuralism's influence during the third quarter of the last century is admitted by friend and foe alike as mentioned in this paper, but their intent is not to determine whether structural analysis was "correct", but to examine some of the forms it took and show why they were important.
ReportDOI
A Dual Policy Paradox: Why Have Trade and Immigration Policies Always Differed in Labor-Scarce Economies
TL;DR: This article explored the fundamentals which have influenced the evolution of policy: the decline in the costs of migration and its impact on immigrant selectivity, a secular switch in the net fiscal impact of trade relative to immigration, and changes in the median voter.
References
More filters
Journal ArticleDOI
American Trade with European Colonies in the Caribbean and South America, 1790-1812
TL;DR: In the first decade of American independence, the principal European powers restricted or excluded American trade with their possessions to suit the needs and interests of their own commercial classes as discussed by the authors, and American commerce became extremely sensitive to every shift in the course of events, and the exhilarating wartime dreams of American commercial supremacy in the region which lingered on long after the war masked the reality of this dependence on external events.