Review by Choice Review
Mesa-Lago has written an important book on an important topic. The book documents the devastating effects of recent Latin American economic reforms on that region's poorest groups. The reforms have included privatization, reduced government spending, and a market-oriented, export-based growth strategy. Mesa-Lago argues that some reforms were needed badly, but that the resulting ruin of social security systems in many Latin American and Caribbean nations has been a great tragedy. Mesa-Lago is well qualified to make such an argument, since he has been a consultant on such issues for many of the organizations most directly involved. The analysis is carefully done, and he is quick to point out that the consequences of the reforms have not been the same in all nations. Indeed, the individual nation case studies are the central focus of the book. Perhaps more significant are the author's practical and imaginative policy recommendations. In brief, this well-written volume is an important contribution to the literature on Latin American economic reform and its consequences, and is highly recommended. General; lower-division undergraduate through professional. J. T. Peach; New Mexico State University
Copyright American Library Association, used with permission.
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