The false promises of the (second) Washington consensus: evidence from Latin America and the Caribbean (1990-2003)

Detalhes bibliográficos
Autor(a) principal: Berr,Eric
Data de Publicação: 2007
Outros Autores: Combarnous,François
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Revista de Economia Política
Texto Completo: http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572007000400002
Resumo: 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 experience better economic results. On the contrary, their situation as regards inequality and debt is getting worse than others.
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spelling The false promises of the (second) Washington consensus: evidence from Latin America and the Caribbean (1990-2003)Washington consensusFinancial liberalizationMacroeconomic policyInternational financial institutionsLatin AmericaCaribbeanThe 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 experience better economic results. On the contrary, their situation as regards inequality and debt is getting worse than others.Centro de Economia Política2007-12-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572007000400002Brazilian Journal of Political Economy v.27 n.4 2007reponame:Revista de Economia Políticainstname:EDITORA 34instacron:EDITORA_3410.1590/S0101-31572007000400002info:eu-repo/semantics/openAccessBerr,EricCombarnous,Françoiseng2018-08-17T00:00:00Zoai:scielo:S0101-31572007000400002Revistahttps://centrodeeconomiapolitica.org.br/repojs/index.php/journalONGhttps://centrodeeconomiapolitica.org.br/repojs/index.php/journal/oai||cecilia.heise@bjpe.org.br1809-45380101-3157opendoar:2018-08-17T00:00Revista de Economia Política - EDITORA 34false
dc.title.none.fl_str_mv The false promises of the (second) Washington consensus: evidence from Latin America and the Caribbean (1990-2003)
title The false promises of the (second) Washington consensus: evidence from Latin America and the Caribbean (1990-2003)
spellingShingle The false promises of the (second) Washington consensus: evidence from Latin America and the Caribbean (1990-2003)
Berr,Eric
Washington consensus
Financial liberalization
Macroeconomic policy
International financial institutions
Latin America
Caribbean
title_short The false promises of the (second) Washington consensus: evidence from Latin America and the Caribbean (1990-2003)
title_full The false promises of the (second) Washington consensus: evidence from Latin America and the Caribbean (1990-2003)
title_fullStr The false promises of the (second) Washington consensus: evidence from Latin America and the Caribbean (1990-2003)
title_full_unstemmed The false promises of the (second) Washington consensus: evidence from Latin America and the Caribbean (1990-2003)
title_sort The false promises of the (second) Washington consensus: evidence from Latin America and the Caribbean (1990-2003)
author Berr,Eric
author_facet Berr,Eric
Combarnous,François
author_role author
author2 Combarnous,François
author2_role author
dc.contributor.author.fl_str_mv Berr,Eric
Combarnous,François
dc.subject.por.fl_str_mv Washington consensus
Financial liberalization
Macroeconomic policy
International financial institutions
Latin America
Caribbean
topic Washington consensus
Financial liberalization
Macroeconomic policy
International financial institutions
Latin America
Caribbean
description 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 experience better economic results. On the contrary, their situation as regards inequality and debt is getting worse than others.
publishDate 2007
dc.date.none.fl_str_mv 2007-12-01
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572007000400002
url http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572007000400002
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 10.1590/S0101-31572007000400002
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv text/html
dc.publisher.none.fl_str_mv Centro de Economia Política
publisher.none.fl_str_mv Centro de Economia Política
dc.source.none.fl_str_mv Brazilian Journal of Political Economy v.27 n.4 2007
reponame:Revista de Economia Política
instname:EDITORA 34
instacron:EDITORA_34
instname_str EDITORA 34
instacron_str EDITORA_34
institution EDITORA_34
reponame_str Revista de Economia Política
collection Revista de Economia Política
repository.name.fl_str_mv Revista de Economia Política - EDITORA 34
repository.mail.fl_str_mv ||cecilia.heise@bjpe.org.br
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