Abstract
In this chapter we look at the dominant economic philosophy—liberalism—and policy—export-led growth—of the first century of independence. In order to analyze the period, we introduce the labor market and the circular flow of income. The period culminates in the Golden Age of Commodity Exports (1870–1914), but not without stresses such as the boom-and-bust cycle and the Mexican Revolution.
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McKinney, S. (2021). The First Century of Independence. In: An Introduction to Latin American Economics. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-76617-7_4
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DOI: https://doi.org/10.1007/978-3-030-76617-7_4
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