Economic Liberalisation in Latin America

This book explores the process of economic liberalisation in Latin America,revising the transition from the import substitution industrialisation model to market-oriented reforms. It assesses the socio-political norms added to the orthodox prescription and looks at four country case studies from the 1980s to recent years. It is complementary reading for textbooks and suitable for practitioners and researchers, providing a broader understanding of the international political economy of Latin America and policy implications for achieving equitable growth.

Format: Hardback
Length: 86 pages
Publication date: 27 November 2020
Publisher: Taylor & Francis Ltd

This comprehensive book delves into the intricate process of economic liberalization in Latin America, offering a revised perspective on the transition from the import substitution industrialization model to market-oriented reforms. It provides a theoretical foundation for the neoliberal paradigm and explores the implications of the policies often referred to as the Washington Consensus. Additionally, the book incorporates an assessment of the socio-political norms that have been added to the orthodox prescription, known as the Post-Washington Consensus. The study encompasses a comprehensive analysis of the subcontinent and various economic liberalization paths, examining four country case studies: Mexico, Brazil, Chile, and Uruguay, from the 1980s to recent years.

Through this approach, readers gain a deep understanding of the strengths, weaknesses, socioeconomic performance, and challenges faced by Latin America throughout the turbulent process of economic liberalization. Country case studies, encompassing diverse and representative styles of economic openness, allow for a thorough examination of the country's challenges and the appropriate policies to foster sustained economic growth, poverty reduction, and income distribution within an economically open environment.

The study is conducted by analyzing and contrasting theoretical and empirical perspectives, fostering a broader understanding of the topics at hand. This book serves as an invaluable resource for textbooks, as it addresses important and contemporary issues in the region with objectivity, associating empirical and theoretical topics, and facilitating the comprehension of Latin America's international political economy. It is also suitable for practitioners and researchers, as it offers valuable insights and perspectives on the economic development of Latin America.

Weight: 294g
Dimension: 160 x 241 x 13 (mm)
ISBN-13: 9780367456542