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

Listed author(s):
  • Eric Berr

    (GED, Université Montesquieu Bordeaux IV)

  • François Combarnous

    (GED, Université Montesquieu Bordeaux IV)

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)

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Paper provided by Groupe d'Economie du Développement de l'Université Montesquieu Bordeaux IV in its series Documents de travail with number 130.

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Length: 16 pages
Date of creation: Sep 2006
Handle: RePEc:mon:ceddtr:130
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