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This paper addresses the adequacy of post-reform growth in Latin America in the 1990s on the basis of international comparison and other relevant standards. It analytically explores and empirically tests a number of hypotheses to explain the perceived dissatisfaction with growth performance.

Since it was first published in 1995, Development Macroeconomics has remained the definitive textbook on the macroeconomics of developing countries. Now, in this fully revised and updated third edition, Pierre-Richard Agénor and Peter Montiel cover the latest advances in this rapidly changing field, making this the most up-to-date, authoritative, and comprehensive book available on the macroeconomic issues and challenges developing nations confront today.Agénor and Montiel provide completely new and expanded coverage of fiscal discipline, monetary policy regimes, currency and banking crises, monetary unions, management of capital flows, the choice of an exchange-rate regime, public capital and growth, the political economy of stabilization and adjustment--and much more. They review attempts that have been made to adapt standard macroeconomic analysis to conditions in developing economies, and they use a variety of analytical models to address the macroeconomic policy issues that most concern these countries. Agénor and Montiel systematically examine empirical evidence on behavioral assumptions and on the effects of macroeconomic policies in developing nations. They also provide extensive references to literature in the field.This new edition of Development Macroeconomics is the ideal introduction for students and an indispensable resource for researchers. Fully updated and expanded Provides the most comprehensive treatment of the macroeconomics of developing nations Features new material on fiscal discipline, monetary policy regimes, currency and banking crises--and much more Includes extensive references Serves both as a graduate textbook and a resource for researchers

This paper is ahant a strategy of economic growth for a dollarized economy like Ecuador. This strategy, in a first section, consists of institutional market policies, financial policics. technology adaptability (for commercial policy and foreign investment), macroeconomic stabilization policies and productivity growth. In the second and third sections, the causes for economics delay are established. Then, there are propositions to obtain a sustained growth., Este trabajo presenta una estrategia de crecimiento para una economía dolarizada, como es la del Ecuador. Dicha estrategia es conceptualizada, en una primera parte, en políticas institucionales de mercada, políticas del sector financiero. adaptación tecnológica (tanto para la política comercial como para las políticas que tratan a la inversión extranjera), y políticas de estabilización macroeconómica y crecimiento de la productividad. En la segunda y tercera parte del artículo se establecen las causas para el atraso económico del Ecuador y se ensaya una vía para su crecimiento sostenido.