The Economic Consequences of Independence in Latin America

Escosura, Leandro De La

doi:10.1017/chol9780521812894.015

Cited by 10 publications

(8 citation statements)

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“… 1 The pioneering article in this current, frequently cited, is Coatsworth (1978); the author repeats his arguments in Coatsworth (1998). See also Engerman and Sokoloff (1997); Prados de la Escosura (2006) follows Coatsworth in his emphasis on the destructive impact of Independence, and the same tendency can be found in other contributions to these two volumes, in particular in the treatment of institutions by Dye (2006). Prados de la Escosura (2009) somewhat modifies his earlier negative view.…”

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confidence: 89%

“…Curious, their notion of independence as «deglobalising»: was the Spanish Empire, with all its regulations, hurdles and exclusions, really more «globalized» than were its separate territories after a process that all contemporaries, those for and those against, considered an opening up? The argument is shared by Prados de la Escosura (2006): «openness to trade and factor inflows were reduced». Do these authors have Dr Francia's Paraguay in mind?…”

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confidence: 99%

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Insecurity and economic development in Colombia in the 1^stcentury of independence

Deas¹

2011

RHE / JILAEH

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a ABSTRACTThe article questions the degree of importance that has been attributed to insecurity in the recent analysis of Colombia's lack of development in the 19 th century, and of the lack of development in post-independence Latin America generally. The author criticizes their lack of empirical evidence, and their lack of comparative focus, both within the hemisphere and outside it, and offers a series of arguments against their conclusions. His own evidence in the Colombian case indicates that neither «anarchy» nor deficiencies in property rights constituted significant brakes on the development of the country's economy. He also questions the direction of causation in institutionalist explanations.

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confidence: 89%

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confidence: 99%

Insecurity and economic development in Colombia in the 1^stcentury of independence

Deas¹

2011

RHE / JILAEH

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“…Political, fiscal, currency and market fragmentation created economic balkanization in post-independence Latin America (Irigoin 2003;Prados 2006;Grafe and Irigoin 2006). Balkanization probably had a smaller impact in Latin America than in Africa since inter-colonial trade in the Americas was relatively modest, largely due to imperial trade monopolies and high transport costs.…”

Section: Lost Decades Balkanization and Anti-market Policymentioning

confidence: 99%

Latin American Growth-Inequality Trade-Offs: The Impact of Insurgence and Independence

Williamson

2010

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Did independence push Latin America down a growth-inequality trade-off? During the late colonial decades, the region completed two centuries of growth unmatched anywhere and inequality reached spectacular heights. During the half century after insurgency and independence, inequality fell steeply and growth was so modest that the period is called the lost decades. With the appearance of the belle époque in the 1870s, growth rose to impressive levels, again even by world standards, and inequality surged to the highest levels ever, where they have remained for a century. This paper explores the connection.

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“…Both Latin America and Africa also suffered from economic balkanization which stemmed from fiscal, currency and market fragmentation. It might be supposed that balkanization in Latin America (Irigoin 2003;Prados 2006;Grafe and Irigoin 2006) would have had a smaller impact than in Africa since inter-colonial trade in the Americas had been modest or forced by colonial fiat. 8 However, protectionism driven by warrelated revenue needs diminished the positive impact that could have been expected from the destruction of the Iberian commercial monopolies.…”

Section: Lost Decades Balkanization and Anti-market Policymentioning

confidence: 99%

Lost Decades: Lessons from Post-Independence Latin America for Today's Africa

Bates

Coatsworth

Williamson

2006

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Africa and Latin America secured their independence from European colonial rule a century and half apart: most of Latin America after 1820 and most of Africa after 1960. Despite the distance in time and space, they share important similarities. In each case independence was followed by political instability, violent conflict and economic stagnation lasting for about a half-century (lost decades). The parallels suggest that Africa might be exiting from a period of post-imperial collapse and entering a period of relative political stability and economic growth, as did Latin America a century and a half earlier. Imperial CollapseIt is important to stress that the decline of imperialism in both Latin America and Africa was not driven by some endogenous response to local forces but rather by exogenous events in Europe. In the former case, it was the Napoleonic wars that eroded the British appointed local politicians to legislative institutions; later, they filled these posts through elections; and later still they modified the Executive Council -the colonial governor's Cabinet -in the same manner.

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The Economic Consequences of Independence in Latin America

Cited by 10 publications

References 32 publications

Insecurity and economic development in Colombia in the 1^stcentury of independence

Insecurity and economic development in Colombia in the 1^stcentury of independence

Latin American Growth-Inequality Trade-Offs: The Impact of Insurgence and Independence

Lost Decades: Lessons from Post-Independence Latin America for Today's Africa

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The Economic Consequences of Independence in Latin America

Cited by 10 publications

References 32 publications

Insecurity and economic development in Colombia in the 1stcentury of independence

Insecurity and economic development in Colombia in the 1stcentury of independence

Latin American Growth-Inequality Trade-Offs: The Impact of Insurgence and Independence

Lost Decades: Lessons from Post-Independence Latin America for Today's Africa

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About

Insecurity and economic development in Colombia in the 1^stcentury of independence

Insecurity and economic development in Colombia in the 1^stcentury of independence