A Revolution in Arrears: The Development Crisis in Latin America

Wooton makes a spirited intelligent argument for the role of Latin American managers and entrepreneurs in formulating progressive economic and political change in Latin America. He argues for pragmatic problem-solving approaches to public and private issues for more decentralized institutions and for an optimism about Latin Americas prospects. None of this is new but Wootons work is one of the best presenting a well-developed case that recognizes the complexities of social and political implications. . . . Wootons writing is lively easy to read and serious. ChoiceWootons principle thesis is that economic development in Latin America is suffering from the distress of an unfinished revolution. Decades of unchanging patterns and policies of economic development have caused social disintegration. To the untrained eye the region is seething with instability economic disintegration and violent change. Why? How has this come about? In seeking an answer to these questions the author discusses what he terms a developmental wedge. Comprised of economic fallacies by governments in the region management practices both in the public and private sectors and the policies of the international financial community this wedge now impedes economic growth in Latin America.