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The Neoliberal Myth in Latin America: The Cases of Mexico and Argentina in the ‘90s

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  • Veronica Ronchi

    (Università degli Studi di Milano)

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    Abstract

    During the ‘90s most Latin American countries were submitted to neoliberal structural reform policies. Neoliberal policies imposed market supremacy, reduced the State’s role in the economy and deregulated the markets. This paper aims at describing how these policies affected the most important macroeconomic indexes, with special emphasis on Argentina and Mexico, the two countries that suffered most from the economic crises of the ‘80s and ‘90s, and where the neoliberal policies were applied with greater orthodoxy. In spite of a slight improvement in some macroeconomic indexes, in Latin America neoliberalism failed to reduce poverty and unemployment, and was unable to guarantee a fair distribution of the wealth and improve welfare.

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    Bibliographic Info

    Paper provided by Fondazione Eni Enrico Mattei in its series Working Papers with number 2007.42.

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    Date of creation: Apr 2007
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    Handle: RePEc:fem:femwpa:2007.42

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    Keywords: Latin America; Mexico; Argentina; ’90s; Neoliberalism;

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