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Neoliberalism in Latin America

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  • David Ibarra

Abstract

Neoliberalism in Latin America. Neoliberalism and globalization had decisive influence in shaping public policies both internal and foreign in Latin-America. Less state, trade and market freedoms, social goals subordinated to economic criteria, are part and parcel of the neoliberal utopia. Price stability was erected as the main social objective; import substitution resulted replaced by exports as the main source of growth. The neoliberal net results as applied to Latin-America are: less growth, deindustrialization, income concentration and precarious employments. Therefore, countries public policies should try to gain autonomy to use jointly markets and public intervention in a constructive and innovative fashion. JEL Classification: F02; F43; O54.

Suggested Citation

  • David Ibarra, 2011. "Neoliberalism in Latin America," Brazilian Journal of Political Economy, Center of Political Economy, vol. 31(2), pages 238-248.
    • Handle: RePEc:ekm:repojs:v:31:y:2011:i:2:p:238-248:id:401
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    Keywords

    neoliberalism; globalisation;

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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