Book by Roberts Paul Craig Araujo Karen LaFollette
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Lessons from socialist failures have been learned more quickly in Latin America than in Europe or the United States. This book lays out the record of Latin American accomplishments to date, along with a precautionary assessment of near-term prospects. (James M. Buchanan, Nobel Laureate in Economics, 1986)
A compelling blend of substance and ideas - illuminates the "why" of revolution in economies in Latin America - and elsewhere - and the need for revolution in the multilateral financial institutions - Readable and rewarding. (George P. Shultz, Stanford University)
a wealth of economic detail and a fascinating summary of the statist history out of which Latin America's rent-seeking culture grew (Edward Schumacher, Wall Street Journal (Europe))
The book looks at what is happening in Latin America and what it will mean to countries outside the region, especially the USA. The authors take an optimistic view of the future of Latin America and criticize institutions like the World Bank and the IMF for subsidizing the old regime.
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