Silent Revolution: The Rise and Crisis of Market Economics in Latin America

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"Superb. Combining unassailable analysis with a thorough grasp of economic and political trends, Duncan Green convincingly argues that the region is headed for even greater tragedy unless people move toward more equitable and ecologically sustainable models of economic development."
—Walden Bello, founder of Focus on the Global South The first edition of Green's Silent Revolution, published in 1995, described the imposition of neoliberal economic models in Latin America, the role of the IMF and World Bank in ...
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Overview

"Superb. Combining unassailable analysis with a thorough grasp of economic and political trends, Duncan Green convincingly argues that the region is headed for even greater tragedy unless people move toward more equitable and ecologically sustainable models of economic development."
—Walden Bello, founder of Focus on the Global South The first edition of Green's Silent Revolution, published in 1995, described the imposition of neoliberal economic models in Latin America, the role of the IMF and World Bank in enforcing them, and their consequences. In this second, revised edition, Green extends his analysis into the present, showing how the current economic meltdown in Latin America was prepared by an economic strategy that could never live up to its own claims.

The new edition was completed in a moment when the Argentinean economy is in ruins, Brazil is on the brink of collapse, riots are taking place in Uruguay, Peru, and in Paraguay, and a U.S. supported coup has just been averted in Venezuela. It will be an essential work for understanding ongoing developments in the region.

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Product Details

  • ISBN-13: 9781899365609
  • Publisher: Latin America Bureau
  • Publication date: 1/1/2003
  • Edition number: 2
  • Pages: 299

Meet the Author

Duncan Green is a policy analyst at CAFoD and the author of Faces of Latin America (second edition, 1997), and Hidden Lives: Voices of Children in Latin America and the Caribbean (1998).

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Table of Contents

Preface 7
Introduction 9
1 State vs. Market: The Rise and Fall of Import Substitution 19
2 Poverty Brokers: The IMF and World Bank 39
3 The Lost Decade: Latin America 1982-1991 72
4 Silent Revolution: Latin America 1991-2003 91
5 Export or Die: Export-Led Growth and Regional Trade 119
6 Silences of the Revolution: The Human and Environmental Costs of Adjustment 151
7 For and Against: The Politics of Neoliberalism 172
8 Other Paths: The Search for Alternatives 193
9 Conclusions 222
App. A Country-by-Country Guide to the Latin American and Caribbean Economies, 1982-2002 229
App. B Comparison of Import Substitution, Neo-Structuralism, and Neoliberalism 262
Glossary 267
Further Reading 272
Notes 276
Index 291
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