Falling Behind: Explaining the Development Gap Between Latin America and the United States

In 1700, Latin America and British North America were roughly equal in economic terms. Yet over the next three centuries, the United States gradually pulled away, and today the gap is huge. In Falling Behind, acclaimed author Francis Fukuyama gathers together some of the world's leading scholars on the subject to explain the nature of the gap and how it came to be. Tracing the histories of development over the past four hundred years and focusing inparticular on the policies of the last fifty years, the contributors conclude that while many factors are important, economic policies and political systems are at the root of the divide.