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The Double Challenge of Market and Social Incorporation: Progress and Bottlenecks in Latin America

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  • Juliana Martínez Franzoni
  • Diego Sánchez-Ancochea

Abstract

type="main"> Has the past decade of sustained economic growth and political transformations reversed Latin America's historical failure to secure market and social incorporation? To address this question this article draws on the experiences of Bolivia, Brazil, Chile, Peru and Uruguay by distinguishing between short-term outcomes – which may depend on benign international conditions – and policy changes, which are more important for long-term performance. It highlights the overall success of both Brazil and Uruguay and shows that the other countries have made more progress in terms of social than market incorporation.

Suggested Citation

  • Juliana Martínez Franzoni & Diego Sánchez-Ancochea, 2014. "The Double Challenge of Market and Social Incorporation: Progress and Bottlenecks in Latin America," Development Policy Review, Overseas Development Institute, vol. 32(3), pages 275-298, May.
    • Handle: RePEc:bla:devpol:v:32:y:2014:i:3:p:275-298
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    References listed on IDEAS

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    1. Rosemary Thorp, 1998. "Progress, Poverty and Exclusion: An Economic History of Latin America in the 20th Century," IDB Publications (Books), Inter-American Development Bank, number 79303, February.
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    7. Pérez, Carlota, 2010. "Technological dynamism and social inclusion in Latin America: a resource-based production development strategy," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
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