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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.
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CAMBRIDGE LATIN AMERICAN STUDIES EDITORS
MALCOLM DEAS CLIFFORD T. SMITH JOHN STREET
8 ECONOMIC DEVELOPMENT OF LATIN AMERICA SECOND EDITION
THE SERIES 1 SIMON COLLIER. Ideas and Politics of Chilean Independence, 1808-1833 2 MICHAEL P. COSTELOE. Church Wealth in Mexico: A study of the Juzgado de Capellanias in the Archbishopric of Mexico3 1800-1856 3 PETER CALVERT. The Mexican Revolution, 1910-1914: The Diplomacy of Anglo-American Conflict 4 RICHARD GRAHAM. Britain and the Onset of Modernization in Brazil, 1850-1914 5 HERBERT S. KLEIN. Parties and Political Change in Bolivia, 1880-1952 6 LESLIE BETHELL. The Abolition of the Brazilian Slave Trade: Britain, Brazil and the Slave Trade Question, 1807—1869 7 DAVID BARKIN and TIMOTHY KING. Regional Economic Development: The River Basin Approach in Mexico 9 WILLIAM PAUL McGREEVEY. An Economic History of Colombia, 1845-1930 10 D. A. BRADING. Miners and Merchants in Bourbon Mexico, 1763-1810 11 JAN BAZANT. Alienation of Church Wealth in Mexico: Social and Economic Aspects of the Liberal Revolution, 1856—1875 12 BRIAN R. HAMNETT. Politics and Trade in Southern Mexico, 1750-1821 13 J. VALERIE FIFER. Bolivia: Land, Location, and Politics since 1825 14 PETER GERHARD. A Guide to the Historical Geography of New Spain 15 P. J. BAKE WELL. Silver Mining and Society in Colonial Mexio, Zacatecas 1564-1700 16 KENNETH R. MAXWELL. Conflicts and Conspiracies: Brazil and Portugal, 1750-1808 17 VERENA MARTINEZ-ALIER. Marriage, Class and Colour in NineteenthCentury Cuba: A Study of Racial Attitudes and Sexual Values in a Slave Society 18 TULIO HALPERIN-DONGHI. Politics, Economics and Soctey in Argentina in the Revolutionary Period 19 DAVID ROCK. Politics in Argentina 1890-1930: the Rise and Fall of Radicalism 20 MARIO GONGORA. Studies in the Colonial History of Spanish America 21 ARNOLD J. BAUER. Chilean Rural Sociey from the Spanish Conquest to 1930 22 JAMES LOCKHART and ENRIQUE OTTE. Utters and People of the Spanish Indies: The Sixteenth Century 23 LESLIE B. ROUT. The African Experience in Spanish America: 1562 to the Present Day 24 JEAN A. MEYER. The Cristero Rebellion: The Mexican People between Church and State, 1926-1929 25 STEFAN DE VYLDER. Allende's Chile: The Political Economy of the Rise and Fall of the Unidad Popular
Economic Development of Latin America SECOND EDITION Historical background and contemporary problems
CELSO FURTADO Translated by Suzette Macedo
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Published by the Press Syndicate of the University of Cambridge The Pitt Building, Trumpington Street, Cambridge CB2 iRP 40 West 20th Street, New York, NY IOOII, USA 10 Stamford Road, Oakleigh, Melbourne 3166, Australia © Cambridge University Press 1970, 1976 First published 1970 Reprinted 1972 Second edition 1976 Reprinted 1978, 1981, 1982, 1984, 1985, 1986, 1988, 1990 Library of Congress Cataloguing in Publication Data
Furtado, Celso. Economic Development of Latin America. (Cambridge Latin Amer