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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- 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.
- 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," JOURNAL OF LACEA ECONOMIA, LACEA - LATIN AMERICAN AND CARIBBEAN ECONOMIC ASSOCIATION.
- Gavira, Alejandro & Panizza, Ugo & Seddon, Jessica & Stein, Ernesto, 2004.
"Political Institutions and Growth Collapses,"
Revista Latinoamericana de Desarrollo Economico,
Instituto de Investigaciones Socio-Económicas (IISEC), Universidad Católica Boliviana, issue 2, pages 11-32, Abril.
- 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.
- Rafael Di Tella & Alberto Ades, 1999. "Rents, Competition, and Corruption," American Economic Review, American Economic Association, vol. 89(4), pages 982-993, September.
- 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.
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