How do we confirm which fiscal version top presents for fiscal improvement and social welfare? during this significant comparative paintings, famous economist Carmelo Mesa-Lago analyzes 3 Latin American nations with divergent financial platforms: Chile (a marketplace economy), Cuba (socialist), and Costa Rica (mixed). He examines their financial and social regulations, indicates how those regulations have an effect on functionality in keeping with a suite of socioeconomic variables, and ranks the nations between themselves (using new innovations) and compared to foreign symptoms. the time-frame of the research embraces thirty-eight years for Costa Rica (under the democratic social democracy) and Cuba (under the socialist revolution) and twenty-four years for Chile (under Pinochet and the go back to democracy). Mesa-Lago makes a speciality of the 3 different socioeconomic versions that those international locations characterize in the course of those periods.
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