The Free Market Experiment in Latin America: Moving Beyond Past Policies to Search for a Pathway Forward

This article examines the performance of neoliberal economic policies in Latin America over the last several decades. Scrutiny is given to growth, development, inequality, poverty, and social concerns. Recent evidence is brought to bear in evaluating the efficacy of neoliberalism with respect to the...

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Veröffentlicht in:Journal of developing societies 2014-06, Vol.30 (2), p.169-194
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description This article examines the performance of neoliberal economic policies in Latin America over the last several decades. Scrutiny is given to growth, development, inequality, poverty, and social concerns. Recent evidence is brought to bear in evaluating the efficacy of neoliberalism with respect to these matters. Following the work of Henry Bruton, the article offers a reconsideration of the conventional critique of prior import substitution industrial policies. Finally, building upon a wide array of recent works in economic developmental theory, the article puts forward some policy recommendations for promotion of economic development in Latin America.
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source Worldwide Political Science Abstracts; SAGE Complete
subjects Development
Economic Development
Economic Policy
Economics
Effectiveness
Evidence
Experiments
Import Substitution
Industrial Policy
Inequality
Latin America
Neoliberalism
Poverty
title The Free Market Experiment in Latin America: Moving Beyond Past Policies to Search for a Pathway Forward
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