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Imperialism in the Neoliberal Era: Argentina's Reprieve and Crisis

Author

Listed:
  • Georges Duménil

    (PJSE - Paris-Jourdan Sciences Economiques - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique, EconomiX - EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique)

  • Dominique Levy

    (PJSE - Paris-Jourdan Sciences Economiques - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique, EconomiX - EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique)

Abstract

The Argentinean crisis in the late 1990s and early 2000s was another manifestation of various "neoliberal crises" that struck Latin America, Asia, Turkey, and Russia. During the 1990s, Argentina underwent typical neoliberal reforms: further opening of trade, liberalization of capital movements, convertibility, pension funds, and so on in the general context of large public and external debt rendered unbearable by interest rates' rise in 1979. As in other countries, these trends were the expression of this new social order's strong bias to the advantage of central and peripheral ruling classes. The Argentinean crisis also owes much to the stand taken by its ruling classes in their attempt to insert themselves under favorable conditions within the new configuration of imperialism. The national economy was sold to international transnational corporations and financial interests, while national ruling classes finance accumulation in the United States. Postcrisis trends manifest the difficulty to define a new strategy.

Suggested Citation

  • Georges Duménil & Dominique Levy, 2006. "Imperialism in the Neoliberal Era: Argentina's Reprieve and Crisis," Post-Print halshs-00754641, HAL.
    • Handle: RePEc:hal:journl:halshs-00754641
    DOI: 10.1177/0486613406290904
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    Cited by:

    1. Simplice Asongu, 2014. "The Questionable Economics of Development Assistance in Africa: Hot-Fresh Evidence, 1996–2010," The Review of Black Political Economy, Springer;National Economic Association, vol. 41(4), pages 455-480, December.
    2. Simplice A. Asongu & Mohamed Jellal, 2014. "Foreign aid, investment and fiscal policy behavior: theory and empirical evidence," Research Africa Network Working Papers 14/030, Research Africa Network (RAN).
    3. Simplice Asongu & Mohamed Jellal, 2016. "Foreign Aid Fiscal Policy: Theory and Evidence," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 58(2), pages 279-314, June.
    4. Simplice A. Asongu & Mohamed Jellal, 2014. "International aid, corruption and fiscal policy behavior," Research Africa Network Working Papers 14/007, Research Africa Network (RAN).
    5. Waquar Ahmed, 2018. "Governing Foreign Direct Investment: Post-Enron Initiatives in India," Review of Radical Political Economics, Union for Radical Political Economics, vol. 50(1), pages 5-23, March.

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