Lost Decades: Postindependence Performance In Latin America and Africa (Coatsworth) Flashcards

1
Q

What are the ‘lost decades’ in the context of Latin America and Africa?

A

‘Lost decades’ refer to about fifty years of political instability and economic stagnation following independence in both regions.

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2
Q

What common conditions contributed to the failures in both Latin America and Africa after independence?

A
  • Political instability
  • Violent conflict
  • Economic balkanization
  • Antitrade policies
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3
Q

What exogenous events contributed to the collapse of imperial rule in Latin America and Africa?

A
  • Napoleonic Wars for Latin America
  • World War II for Africa
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4
Q

How did postcolonial violence manifest in both regions?

A

Violence increased due to internal conflicts and external interventions, exacerbating political instability.

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5
Q

What was the economic performance in both regions during their respective lost decades?

A

Economic performance was abysmal, with low GDP per capita growth compared to the industrializing core.

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6
Q

What policies hindered economic growth in Latin America and Africa during the lost decades?

A
  • Antitrade policies
  • Protectionist measures
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7
Q

What was the GDP per capita growth rate for Latin America between 1820 and 1870?

A

0.07% per annum

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8
Q

What was the average per capita GDP growth rate for Africa between 1950 and 1992?

A

0.89% per annum

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9
Q

What role did postcolonial violence play in Latin America’s shift towards liberalism?

A

Postcolonial violence undermined burdensome colonial institutions, facilitating a drift towards liberalism.

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10
Q

What factors led to the eventual recovery of Latin America after the 1860s?

A
  • Political stability
  • Economic growth
  • Liberal reforms
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11
Q

What signs indicate that Africa might be entering a period of recovery similar to Latin America?

A
  • Democratisation
  • Liberal economic policies
  • Increased demand for exports
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12
Q

What are potential social costs of Africa’s recovery similar to Latin America’s experience?

A

Increased inequality

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13
Q

What distinction exists in the political landscape between Africa and Latin America regarding the indigenous population?

A

Africa has a larger indigenous population and unrestricted franchise, potentially affecting its development trajectory.

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14
Q

True or False: Latin America and Africa experienced similar post-independence challenges.

A

True

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15
Q

Fill in the blank: The collapse of imperial rule in Latin America was driven by _______.

A

[Napoleonic Wars]

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16
Q

Fill in the blank: Economic decline in Africa undermined _______ policies, leading to liberalisation.

A

[state-centered]

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17
Q

What was the average Latin American tariff rate in 1870?

A

About 24%

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18
Q

What was the average African tariff rate between 1971 and 1999?

A

Almost 15%

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19
Q

What were the long-term consequences of the ‘lost decades’ in Latin America?

A

Undermined colonial institutions and led to a drift towards liberalism.

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20
Q

What effect did the Cold War have on political instability in Africa?

A

It exacerbated conflicts by involving external powers supporting opposing sides.

21
Q

What type of economic policies did African governments increasingly adopt in the 1990s?

A

More liberal economic policies

22
Q

What was the significance of the political changes in Africa during the 1990s?

A

Shift from no-party and single-party systems to competitive party systems with universal adult suffrage.

23
Q

How did the nature of European imperial rule affect post-independence trajectories in Latin America and Africa?

A

It provided some economic integration but did not create a social base for growth.

24
Q

What are the ‘lost decades’?

A

Periods of political instability, violent conflict, and economic stagnation following independence in Latin America (1820s-1870s) and Africa (1960s-2000s)

Characterized by similar trajectories of turmoil and underperformance.

25
What is the central argument of the analysis regarding Latin America and Africa?
Both regions experienced remarkably similar post-independence trajectories of turmoil and economic underperformance despite differences in timing and colonial history.
26
What is one key similarity in the experiences of Latin America and Africa after independence?
Collapse of the imperial deterrent to internal conflict and external intervention led to civil wars and border disputes.
27
What is one significant difference in the nature of imperial rule between Latin America and Africa?
Latin America had a larger scale of European settler presence and a devastating demographic impact from diseases on the indigenous population.
28
What triggered the collapse of imperial power in Latin America?
The Napoleonic Wars weakened Iberian imperial power.
29
What triggered the collapse of imperial power in Africa?
World War II financially exhausted European powers and strengthened anticolonial movements.
30
How did the lack of internationally recognised boundaries affect postindependence Latin America?
Led to border wars and costly military expenditures that exacerbated fiscal crises.
31
Identify two ways postcolonial violence undermined economic growth in both regions.
* Disrupted trade and investment * Created uncertainty that discouraged long-term planning
32
How did economic balkanisation negatively impact development in Latin America and Africa?
Limited economies of scale and specialization due to numerous small national markets with trade barriers.
33
Were poor world market conditions the primary cause of economic stagnation in Latin America and Africa?
No, as both regions experienced periods of strong export markets despite their lost decades.
34
What was one significant institutional change in postindependence Latin America?
Abolition of internal customs and restrictive trade regulations from the colonial era.
35
What factors contributed to the economic recovery of Latin America in the late 19th century?
* Political victory of liberal forces * Institutional reforms * Long-term political stability * Increasing foreign investment
36
What are two reasons for cautious optimism regarding Africa's economic prospects?
* Prevailing multiparty political systems with universal suffrage * Rising global demand for Africa's primary products
37
Fill in the blank: The significant decline in the indigenous population of Latin America due to European contact is known as _______.
Demographic Disaster
38
What is economic balkanization?
Fragmentation of a larger economic area into smaller, less integrated units with trade barriers.
39
Define 'Antitrade Policies'.
Government policies that restrict or discourage international trade, such as high tariffs and import quotas.
40
What does the term 'Terms of Trade' refer to?
The ratio of a country's export prices to its import prices.
41
What is liberalism in the context of economic and political systems?
An ideology favouring free markets, private property rights, and limited government intervention.
42
What is rent-seeking?
Activities undertaken to increase wealth without creating new wealth, often through manipulating government policies.
43
What role did exogenous events play in the collapse of imperial rule?
Triggered by external events in Europe rather than internal pressures within the colonies.
44
How did high levels of conflict impact economic development during the 'lost decades'?
Led to loss of life, destruction of property, and increased military expenditure, diverting resources from productive investment.
45
What were the key features of economic policies in Latin America and Africa that contributed to stagnation?
* Economic balkanisation * Protectionist import-substituting industrial policies
46
What is one critical factor that could enable Africa to avoid prolonged economic stagnation?
Adopting multiparty democracy and liberal economic policies.
47
How does political inclusivity differ between late 19th-century Latin America and emerging African democracies?
Emerging African democracies generally have universal adult suffrage, while Latin America had franchise restrictions.
48
What is one potential implication of the larger indigenous population in Africa compared to Latin America?
May prevent high levels of land concentration and inequality seen in Latin America.