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Repensar la restricción externa en tiempos de pandemia: la política de empleador de última instancia para Lati- noamérica

Author

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  • Esteban Cruz Hidalgo
  • Agustín Mario

Abstract

El objetivo de este artículo es dar a conocer la estrategia de desarrollo de la peri- feria, proponiendo un cambio de perspectiva: en lugar de buscar conseguir divisas para crecer y, con ello, generar empleo, se defiende un estabilizador automático, basado en una reserva de empleados, lo que llamamos política de empleador de última instancia, como eje para una estrategia de desarrollo, estable y autónoma. Si bien la periferia puede ver limitada su capacidad de importar, argumentamos que los gobiernos eligen entre el pleno empleo y el desempleo. Los efectos económi- cos de la pandemia de COVID-19 obligan a examinar esta elección. ****** The aim of this paper is to rethink the development strategy of the periphery pro- posing a change of perspective: instead of seeking to obtain foreign trade to grow and, thus, generate employment, an automatic stabiliser based on a reserve of employees is endorsed, what we call the employer of last resort policy, as the axis for a stable and autonomous development strategy. While the periphery may have limited import capacity, governments choose between full employment and unem- ployment. Until now, the idea has prevailed that maintaining a part of the popula- tion unemployed is, for some strange reason, preferable.

Suggested Citation

  • Esteban Cruz Hidalgo & Agustín Mario, 2021. "Repensar la restricción externa en tiempos de pandemia: la política de empleador de última instancia para Lati- noamérica," Revista Cuadernos de Economia, Universidad Nacional de Colombia, FCE, CID, vol. 40(85), pages 999-1012, December.
  • Handle: RePEc:col:000093:020309
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    File URL: https://revistas.unal.edu.co/index.php/ceconomia/article/view/90780
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    Keywords

    desarrollo económico; empleador de última instancia; pleno empleo; política fiscal; restricción externa.;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;

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