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The Politics of Economic Policy and Performance in Latin America

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  • Remmer, Karen L.

Abstract

This study explores variations in macroeconomic policy and performance in contemporary Latin America on the basis of a theoretical model that emphasizes the complex interplay of partisan control of the government, labor strength, and electoral competition. The plausibility of the model is assessed on the basis of a cross-national time series analysis of economic policy choice and performance in nineteen nations. Contrary to the view that internationalization of the world economy leaves limited room for domestic actors and institutions to influence public policy, the findings suggest that macroeconomic performance in contemporary Latin America reflects eminently political processes of policy formation shaped by partisanship, electoral competition, and union strength. The study thereby points to the broader relevance of the literature on the political economy of the advanced industrial democracies, which has emphasized the impact of domestic political institutions, particularly political parties and trade unions, on policy choice and performance.

Suggested Citation

  • Remmer, Karen L., 2002. "The Politics of Economic Policy and Performance in Latin America," Journal of Public Policy, Cambridge University Press, vol. 22(1), pages 29-59, January.
  • Handle: RePEc:cup:jnlpup:v:22:y:2002:i:01:p:29-59_00
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    Cited by:

    1. Wibbels, Erik, 2006. "Dependency Revisited: International Markets, Business Cycles, and Social Spending in the Developing World," International Organization, Cambridge University Press, vol. 60(2), pages 433-468, April.
    2. Cecilia Martinez‐Gallardo & Maria Victoria Murillo, 2011. "Agency under constraint: Ideological preferences and the politics of electricity regulation in Latin America," Regulation & Governance, John Wiley & Sons, vol. 5(3), pages 350-367, September.
    3. Levi-Faur, David & Jordana, Jacint, 2004. "The Rise of the Regulatory State in Latin America: A Study of the Diffusion of Regulatory Reforms Across Countries and Sectors," Centre on Regulation and Competition (CRC) Working papers 30621, University of Manchester, Institute for Development Policy and Management (IDPM).
    4. Daoud, Adel & Reinsberg, Bernhard & Kentikelenis, Alexander E. & Stubbs, Thomas H. & King, Lawrence P., 2019. "The International Monetary Fund’s interventions in food and agriculture: An analysis of loans and conditions," Food Policy, Elsevier, vol. 83(C), pages 204-218.

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