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Economic Development of Central America Econ. 4200 - Spring 2004 – Dr. Taylor - page 57 / 153

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#3 The Export Economics: Coffee, Bananas, and Social Structure, 1850 – 1930

In the late 19th century economic globalization began in earnest. What role did Central America emerge to play in this phenomena?

Was there an international conspiracy to bring Central America into the international economy in as a dependent exporter of coffee and bananas?

What impact did the opening of the Panama Canal in 1914 have on Central America? What impact did the beginning of WWI in the same year have on Central America?

Does neoclassical economics do a good job in explaining the actual gains made by Central America by participation in the world economy?

What are the three connections articulated by your author that govern the possibility of economic dynamism?

What was the “distinctive” social context in which the coffee economy of Costa Rica developed?

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