The false promises of the (second) Washington consensus: evidence from Latin America and the Caribbean (1990-2003)
Autor(a) principal: | |
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Data de Publicação: | 2007 |
Outros Autores: | |
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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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 |
_version_ |
1754122480402825217 |