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Reflections on the limits and economic potentialities of democratization

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  • Fernando Fajnzylber

Abstract

The democratization in Latin America can assert a new paradigm of developmentfor the region. This hypothesis is considered from the analysis of both externaland internal economic challenges, and from the democratization’s economic potentialities.The greatest challenge is transcending those modalities of economic, social and politicalorganization, which originated the authoritarianism and its various modalities. Thedemocratization’s intermediate and long-time potentialities are analysed in the circuit of socialinnovation, creativeness, public administration, and regional integration, excluding theneoliberal conceptions in “Cone Sul” in order to suggest new ways and means to progress. JEL Classification: P17; P11; O54.

Suggested Citation

  • Fernando Fajnzylber, 1986. "Reflections on the limits and economic potentialities of democratization," Brazilian Journal of Political Economy, Center of Political Economy, vol. 6(1), pages 3-34.
    • Handle: RePEc:ekm:repojs:v:6:y:1986:i:1:p:3-34:id:1778
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    Keywords

    Domocracy; economic development;

    JEL classification:

    • P17 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Performance and Prospects
    • P11 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Planning, Coordination, and Reform
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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