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Les promesses non tenues du (second) consensus de Washington dans les pays d'Amérique latine et des Caraïbes (1990-2003)

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  • Eric Berr

    (GED, Université Montesquieu Bordeaux IV)

  • François Combarnous

    (GED, Université Montesquieu Bordeaux IV)

Abstract

L’objectif de ce papier est double. Nous souhaitons dans un premier temps voir comment, et dans quelle mesure, les pays latino-américains et caribéens ont appliqué les préceptes du second consensus de Washington, c’est-à-dire d’un consensus qui met l’accent sur la libéralisation des mouvements de capitaux. Puis, nous mettons en évidence les effets de ce train de réformes sur leurs économies. Nous constatons ainsi que les pays ayant le plus scrupuleusement suivi ces prescriptions n’ont pas obtenu de meilleurs résultats économiques. Nous notons au contraire que leur situation en matière d’inégalité et d’endettement s’est beaucoup plus dégradée. The objective of this paper is twofold. Firstly, we show how, and to what extent, Latin-American and Caribbean countries applied the precepts of the second Washington consensus, i.e. a consensus which stresses the capital account liberalization. Secondly, we highlight the effects of this set of reforms on their economies. Thus, we show that countries having most scrupulously followed these recommendations did not obtain better economic results. On the contrary, their situation as regards inequality and debt is getting worse than others. (Full text in french)

Suggested Citation

  • Eric Berr & François Combarnous, 2006. "Les promesses non tenues du (second) consensus de Washington dans les pays d'Amérique latine et des Caraïbes (1990-2003)," Documents de travail 130, Groupe d'Economie du Développement de l'Université Montesquieu Bordeaux IV.
  • Handle: RePEc:mon:ceddtr:130
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    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations

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