Volume Two treats the 'long twentieth century' from the onset of modern economic growth to the present. It analyzes the principal dimensions of Latin America's first era of sustained economic growth from the last decades of the nineteenth century to 1930. It explores the era of inward-looking development from the 1930s to the collapse of import-substituting industrialization and the return to strategies of globalization in the 1980s. Finally, it looks at the long term trends in capital flows, agriculture and the environment.

"This second volume, like the first, will take its place in many a scholar's personal library, and will influence a new generation of economic historians involved in the region. Not at all least, the bibliographical comments accompnaying the chapters will direct the diligent reader to related sources carefully selected by individual authors. So in many ways, it really represents a wonderful beginning to, rather than the end of, study of the economic history of Latin America in the long twentieth century. I suspect that is exactly how the very distinguished editors and participants would like it to be." - Albert Fishlow, Columbia Institute of Latin American Studies and Center for the Study of Brazil at Columbia University