Institutions and Development

  • Norman SchofieldEmail author
  • Maria Gallego


Much discussion in recent years has focused on why North America was able to follow Britain in a path of economic development, but Latin America and the Caribbean islands, though generally far richer initially, fell behind in the nineteenth century. In their discussion of Latin American economic development, Sokoloff and Engerman (2000) have emphasized the different factor endowments of North and South America.


Prime Minister Real Exchange Rate Trade Policy Presidential Election Small Open Economy 
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Copyright information

© Springer-Verlag Berlin Heidelberg 2011

Authors and Affiliations

  1. 1.Center in Political EconomyWashington University in St. LouisSt. LouisUSA
  2. 2.Department of EconomicsWilfried Laurier UniversityWaterlooCanada

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