A post Keynesian perspective on twenty first century economic problems 1. Latin Americas quasi stagnation 2. Neomonetarist dreams and realities : a review of the Brazilian experience 3. A critique of the proposal for monetary union in Mercosur 4. The balance of payments constrained growth model and the limits to export led growth 5. A new approach to test the balance of payments constrained growth model with reference to the Mexican economy 6. Banks liquidity preference and financial provision 7. Racial ethnic disparity and economic development 8. Saving and investment : the theoretical case for lower interest rates 9. Demand constraints and the new economy 10. Full employment policies must consider effective demand and structural and technological change : a prime point of Pasinettis political economy 11. Unemployment and profitability : the case of Spain 12. VAT reduction for consumption oriented labor intensive services in the European Union : a stimulus to employment This book explores key economic problems and new policies for the global economy of the 21st century. The contributors discuss to what extent past policy errors were due to the incompetence of policymakers and highlight problems including: international payments imbalances and currency crises volatile security markets inflation achieving full employment income distribution and alleviating individuals and nations of poverty