Why are Latin Americans so unhappy about reforms?
This paper uses opinion surveys to document discontent with the pro-market reforms implemented by most Latin American countries during the 1990s. The paper also explores four possible sets of explanations for this discontent: (i) a general drift of the populace’s political views to the left; (ii) an increase in political activism by those who oppose reforms; (iii) a decline in the people’s trust of political actors; and (iv) the economic crisis. The paper’s principal finding is that the macroeconomic situation plays an important role in explaining the dissatisfaction with the reform process.
Volume (Year): VIII (2005)
Issue (Month): (May)
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- Sergio Pernice & Federico Sturzenegger, 2004. "Culture and social resistance to reform: a theory about the endogeneity of public beliefs with an application to the case of Argentina," CEMA Working Papers: Serie Documentos de Trabajo. 275, Universidad del CEMA.
- Ugo Panizza & Alejandro Gaviria & Ernesto H. Stein & Jessica Seddon Wallack, 2000.
"Political Institutions and Growth Collapses,"
IDB Publications (Working Papers)
6468, Inter-American Development Bank.
- Rafael Di Tella & Robert MacCulloch, 2009.
"Why Doesn't Capitalism Flow to Poor Countries?,"
Brookings Papers on Economic Activity,
Economic Studies Program, The Brookings Institution, vol. 40(1 (Spring), pages 285-332.
- Leonardo Gasparini & Walter Sosa Escudero, 2000.
"Assessing Aggregate Welfare: Growth and Inequality in Argentina,"
Department of Economics, Working Papers
021, Departamento de Economía, Facultad de Ciencias Económicas, Universidad Nacional de La Plata.
- Leonardo Gasparini & Walter Sosa, 2001. "Assessing Aggregate Welfare: Growth and Inequality in Argentina," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 38(113), pages 49-71.
- Rafael Di Tella & Alberto Ades, 1999. "Rents, Competition, and Corruption," American Economic Review, American Economic Association, vol. 89(4), pages 982-993, September.
- James A. Robinson & Daron Acemoglu, 2000. "Political Losers as a Barrier to Economic Development," American Economic Review, American Economic Association, vol. 90(2), pages 126-130, May.
- Guillermo Calvo, 2002. "Globalization Hazard and Delayed Reform in Emerging Markets," ECONOMIA JOURNAL OF THE LATIN AMERICAN AND CARIBBEAN ECONOMIC ASSOCIATION, ECONOMIA JOURNAL OF THE LATIN AMERICAN AND CARIBBEAN ECONOMIC ASSOCIATION, January.
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