Silent Revolution: The Rise of Market Economics in Latin America

Silent Revolution: The Rise of Market Economics in Latin America

by Duncan Green
     
 

Latin America is going through an economic revolution. Formerly protectionist economies from Argentina to Mexico are turning to the market in a desperate search for growth and prosperity. Duncan Green traces the roots of this transformation in the debt crisis, subsequent International Monetary Fund austerity policies, and the failure of state-led economies in Latin… See more details below

Overview

Latin America is going through an economic revolution. Formerly protectionist economies from Argentina to Mexico are turning to the market in a desperate search for growth and prosperity. Duncan Green traces the roots of this transformation in the debt crisis, subsequent International Monetary Fund austerity policies, and the failure of state-led economies in Latin America and elsewhere. He contrasts the new model's mixed macroeconomic record with its devastating impact on the poor following the search for more effective and just alternatives to what has become an economic model enshrined as the new "common sense" in the region. This work combines first-hand accounts of neoliberalism in action, from fruit pickers in Chile to Mexican stockbrokers, with a clear presentation for the non-specialist reader of the economic issues at stake.

Product Details

ISBN-13:
9780853459699
Publisher:
Monthly Review Press
Publication date:
01/01/1997
Series:
A Latin America Bureau Book Series
Edition description:
Older Edition
Pages:
266
Product dimensions:
5.36(w) x 8.50(h) x 0.80(d)

Table of Contents

Introduction1
Ch. 1State versus Market: The Rise and Fall of Import Substitution13
Ch. 2Poverty Brokers: The International Monetary Fund and the World Bank32
Ch. 3Silent Revolution: Latin America's Economic Transformation since 198260
Ch. 4Silences of the Revolution: The Human and Environmental Costs of Adjustment90
Ch. 5Trading Places: Latin America in a Changing World Economy114
Ch. 6Export or Die: Export-led Growth and Regional Trade130
Ch. 7For and Against: The Politics of Neo-Liberalism154
Ch. 8Other Paths: The Search for Alternatives176
Conclusions200
Appendix A Country-by-Country Guide to the Latin American Economy 1982-94211
Appendix B Rival Economic Models: Comparison of Neo-structuralism, Import Substitution and Neo-liberalism244
Glossary of Terms on Structural Adjustment/Neo-liberalism250
Further Reading256
Index260

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