The economies of Latin America have undergone a deep process of change in the last decade as a result of the application of major reforms. The outcome can be fairly described as a New Economic Model. This New Economic Model is distinguished from its predecessor, in force before the 1980s debt crisis, by an emphasis on market forces and export-led growth. This book explores the main features of the New Economic Model in Latin America and, through analysis of the reform process and case studies, examines its impact on income distribution and poverty.

Acknowledgements - List of Contributors - List of Tables - List of Figures - Preface; A.Foxley - Introduction; V.Bulmer-Thomas - PART 1: THEMATIC STUDIES - The New Trade Regime, Macroeconomic Behaviour and Income Distribution in Latin America; E.V.K.FitzGerald - Chronic Fiscal Stress and the Reproduction of Poverty and Inequality in Latin America; L.Whitehead -The New Economic Model and Labour Markets in Latin America; J.Thomas - The New Financial Regime in Latin America; R.Fernandez - International Capital Flows to Latin America; S.Griffith-Jones - PART 2: CASE STUDIES - The Distributive Impact of the New Economic Model in Chile; C.Scott - Income Distribution and Poverty in Mexico; H.Panuco-Laguette & M.Szekely -Honduras, The New Economic Model and Poverty; A.Thorpe - Inequality and Poverty in the Lost Decade: Brazilian Income Distribution in the 1980s; F.Ferreira & J.Litchfield - The Manufacturing Sector in Latin America and the New Economic Model; J.Weeks - Conclusions; V.Bulmer-Thomas -Statistical Appendix - Bibliography - Index