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In Defense of the Autonomy in Neoliberal Economic Policy Reform in Latin America


  • Nobuaki Hamaguchi

    (Kobe University)


This article addresses the question of how do we implement necessary economic policy reform in Latin America. A search for an alternative of the unconditional liberalization should be developed in the direction to take full advantage of economic opportunities from the enhanced market mechanism and globalization, rather than denying these irreversible processes. The government should play active role in keeping tight a rein on the process of adaptation to the globalization, without renouncing the autonomy in the conduct of economic policy and institutional reform which should be managed for improve functioning of the market on the basis of the local specifics. Especially, consolidation of macroeconomic stability and harmonization of social conflicts are major challenge to obtain autonomy. The globalization process will be more unbiased by letting developing countries to assume more active role in global institutional building, which should be based on the awareness of diversity and justice.

Suggested Citation

  • Nobuaki Hamaguchi, 2006. "In Defense of the Autonomy in Neoliberal Economic Policy Reform in Latin America," Kobe Economic & Business Review, Research Institute for Economics & Business Administration, Kobe University, vol. 50, pages 33-49, February.
  • Handle: RePEc:kob:review:feb2006::v:50:p:33-49

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    Cited by:

    1. Alfred Wong & Sofia Fang & Dean Tjosvold, 2012. "Developing business trust in government through resource exchange in China," Asia Pacific Journal of Management, Springer, vol. 29(4), pages 1027-1043, December.

    More about this item


    globalization; neoliberalism; Latin America; stabilization; economic growth;

    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
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy


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