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Latin American Progress under Structural Reform

  • Thomas M Fullerton Jr

    (University of Texas at El Paso)

  • Richard L Sprinkle

    (University of Texas at El Paso)

Subsequent to the economic difficulties of the 1980s, many Latin American governments reluctantly began to introduce market-oriented reform measures. In many cases, the new measures were adopted only as a means of participating in debt-relief programs such as the Brady Initiative. In no case, however, was a full slate of adjustment measures successfully sheparded through any of the regional legislatures. Examination of macroeconomic data prior to the onset of 'reform fatigue' in the late 1990s indicates regional performance did improve under the limited policies that were introduced prior to 1995.

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Paper provided by EconWPA in its series Development and Comp Systems with number 0408012.

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Length: 11 pages
Date of creation: 11 Aug 2004
Date of revision:
Handle: RePEc:wpa:wuwpdc:0408012
Note: Type of Document - doc; pages: 11
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References listed on IDEAS
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  1. Eduardo Lora & Ugo Panizza, 2002. "Structural Reforms in Latin America under Scrutiny," Research Department Publications 4301, Inter-American Development Bank, Research Department.
  2. Krueger, Anne O., 1987. "Origins of the developing countries' debt crisis : 1970 to 1982," Journal of Development Economics, Elsevier, vol. 27(1-2), pages 165-187, October.
  3. Fullerton, Thomas Jr., 1993. "Inflationary trends in Colombia," Journal of Policy Modeling, Elsevier, vol. 15(4), pages 463-468, August.
  4. Paul M. Romer, 1993. "New Goods, Old Theory, and the Welfare Costs of Trade Restrictions," NBER Working Papers 4452, National Bureau of Economic Research, Inc.
  5. Rudiger Dornbusch & Ferico Sturzenegger & Holger Wolf, 1990. "Extreme Inflation: Dynamics and Stabilization," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 21(2), pages 1-84.
  6. Thomas M Fullerton Jr, 2004. "Short-Run Price Movements in Ecuador," Macroeconomics 0407028, EconWPA.
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