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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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    File URL: http://hdl.handle.net/10.1111/dpr.12055
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    References listed on IDEAS

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    1. José Antonio Ocampo, 2004. "Latin America's Growth and Equity Frustrations During Structural Reforms," Journal of Economic Perspectives, American Economic Association, vol. 18(2), pages 67-88, Spring.
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    3. 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.
    4. Ffrench-Davis, Ricardo., 2010. "Macroeconomía para el empleo decente en América Latina y el Caribe," ILO Working Papers 994590693402676, International Labour Organization.
    5. 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.
    6. Hermann, Jennifer, 2010. "Development banks in the financial-liberalization era: the case of BNDES in Brazil," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
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    8. -, 2010. "Políticas de apoyo a las PYME en América Latina entre avances innovadores y desafíos institucionales," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 2552 edited by Cepal.
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    Cited by:

    1. Julián Cárdenas, 2019. "Exploring the Relationship between Business Elite Networks and Redistributive Social Policies in Latin American Countries," Sustainability, MDPI, vol. 12(1), pages 1-17, December.
    2. Camila Arza, 2019. "Basic Old‐Age Protection in Latin America: Noncontributory Pensions, Coverage Expansion Strategies, and Aging Patterns across Countries," Population and Development Review, The Population Council, Inc., vol. 45(S1), pages 23-45, December.
    3. Gavin Smith & Olivia Vila, 2020. "A National Evaluation of State and Territory Roles in Hazard Mitigation: Building Local Capacity to Implement FEMA Hazard Mitigation Assistance Grants," Sustainability, MDPI, vol. 12(23), pages 1-18, November.

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