Gary McMahon & Juan Antonio Morales 
Economic Policy and the Transition to Democracy [PDF ebook] 
The Latin American Experience

In the 1980s a large number of Latin American countries reverted from military dictatorships to civilian democracies. In most cases the new democratic governments inherited an extremely precarious economic situation, which left little room to manoeuvre. This book analyzes the special problems that governments face in the formulation and implementation of economic policy after the restoration of democracy. In each of six cases — Argentina, Bolivia, Brazil, Chile, Paraguay, and Uruguay — an analysis is made of the difficulties encountered and the performance of the democratic governments.