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Latin America: The End of An Era

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  • Mark Weisbrot

Abstract

This overview article looks at Latin America's political shift over the last several years. The author argues that these changes have largely been misunderstood and underestimated here for a number of reasons: Latin America's unprecedented growth failure over the last 25 years is a major cause of these political changes and has not been well-understood. The collapse of the IMF's influence in Latin America, and middle-income countries, is also an epoch-making change. The availability of alternative sources of finance, most importantly from the reserves of the Venezuelan government, is very important. The increasing assertion of national control over natural resources is also an important part of the new relationship between Latin America and the United States. The author argues that for these and other reasons, the relationship between Latin America and the United States has undergone a fundamental and possibly irreversible change, and one that opens the way to new and mostly more successful economic policies.

Suggested Citation

  • Mark Weisbrot, 2006. "Latin America: The End of An Era," CEPR Reports and Issue Briefs 2006-31, Center for Economic and Policy Research (CEPR).
  • Handle: RePEc:epo:papers:2006-31
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    References listed on IDEAS

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    1. John Schmitt & Ben Zipperer, 2006. "Is the U.S. a Good Model for Reducing Social Exclusion in Europe?," CEPR Reports and Issue Briefs 2006-17, Center for Economic and Policy Research (CEPR).
    2. David R. Howell & Dean Baker & Andrew Glyn & John Schmitt, 2006. "Are Protective Labor Market Institutions Really at the Root of Unemployment? A Critical Perspective on the Statistical Evidence," CEPR Reports and Issue Briefs 2006-14, Center for Economic and Policy Research (CEPR).
    3. John Schmitt & Dean Baker, 2006. "Missing Inaction: Evidence of Undercounting of Non-Workers in the Current Population Survey," CEPR Reports and Issue Briefs 2006-03, Center for Economic and Policy Research (CEPR).
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    Cited by:

    1. Mark Weisbrot & Rebecca Ray, 2011. "The Scorecard on Development, 1960-2010: Closing the Gap?," CEPR Reports and Issue Briefs 2011-09, Center for Economic and Policy Research (CEPR).
    2. Bateman, Milford, 2013. "The age of microfinance: Destroying Latin American economies from the bottom up," Working Papers 39, Österreichische Forschungsstiftung für Internationale Entwicklung (ÖFSE) / Austrian Foundation for Development Research.
    3. Haselip, James & Potter, Clive, 2010. "Post-neoliberal electricity market 're-reforms' in Argentina: Diverging from market prescriptions?," Energy Policy, Elsevier, vol. 38(2), pages 1168-1176, February.
    4. Rebecca Ray & Mark Weisbrot, 2012. "The Mexican Economy and the 2012 Elections," CEPR Reports and Issue Briefs 2012-18, Center for Economic and Policy Research (CEPR).

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