How do we be certain which monetary version top presents for financial improvement and social welfare? during this significant comparative paintings, famous economist Carmelo Mesa-Lago analyzes 3 Latin American international locations with divergent fiscal platforms: Chile (a industry economy), Cuba (socialist), and Costa Rica (mixed). He examines their monetary and social rules, exhibits how those guidelines have an effect on functionality in line with a suite of socioeconomic variables, and ranks the international locations between themselves (using new suggestions) and compared to overseas symptoms. the timeframe of the research embraces thirty-eight years for Costa Rica (under the democratic social democracy) and Cuba (under the socialist revolution) and twenty-four years for Chile (under Pinochet and the go back to democracy). Mesa-Lago specializes in the 3 assorted socioeconomic types that those nations characterize in the course of those periods.

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