This book examines a number of the nations—Argentina, Bolivia, Mexico, Nicaragua, and Venezuela—in which the declines were far greater, ranging from -11.9 percent in Mexico to -27.0 percent in Bolivia.

chapter |17 pages

Introduction: The Economic and Political Costs of Austerity

ByHoward Handelman, Werner Baer

chapter 1|24 pages

Austerity Under Different Political Regimes: The Case of Brazil

ByWerner Baer, Dan Biller, Curtis T. McDonald

chapter 5|39 pages

Austerity, External Debt, and Capital Formation in Peru

ByPaul Beckerman

chapter 8|29 pages

Venezuela: Austerity and the Working Class in a Democratic Regime

ByJennifer L. McCoy