On the Costs of Inward-Looking Development: Price Distortions, Growth, and Divergence in Latin America
考察了1930至1980年代拉丁美洲内向型发展模式中价格扭曲的代价，分析了其与增长动态的结构差异，解释了发展分化现象。
From the 1930s to the 1980s, economic policies in Latin America epitomized the inward-looking model of development. The model emerged in the Depression, and was later codified in unorthodox economic theories. Even though economic performance was seen as disappointing by the 1960s, the distortions persisted and worsened into the 1970s and 1980s. This article examines the costs of distortions and explores the structural differences between growth dynamics in Latin America and elsewhere. Distortions had profound effects on many aspects of the growth process, help explain divergent development, and raise important questions about economic growth and the evolution of institutions.