Financial dependency and growth cycles in Latin American countries

Medeiros, Carlos Aguiar de

doi:10.2753/pke0160-3477310104

Cited by 24 publications

(26 citation statements)

References 13 publications

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“…Although the ratio of debt to GDP was not very different in Korea and Brazil, the ratio of debt service to export that better reflects the country's external solvency was much lower in Korea. For an analysis of the 1970s external indebtedness in LAC, see Medeiros (2008a). 18.…”

Section: Notesmentioning

confidence: 99%

“…In Latin America the intense debt crisis of the 1980s brought about high inflation rates and a deep recession. This caused a structural crisis in prevailing state-led growth and created new coalitions of internal and external interests around the agenda of the Washington Consensus reforms that spread all over the region in the 1990s (Medeiros, 2008a).…”

Section: Neo-liberalism and The Crisis Of The Developmental Nation Stmentioning

confidence: 99%

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Sraffa and the Reconstruction of Economic Theory: Volume Two

2013

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Section: Notesmentioning

confidence: 99%

Section: Neo-liberalism and The Crisis Of The Developmental Nation Stmentioning

confidence: 99%

Sraffa and the Reconstruction of Economic Theory: Volume Two

2013

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“…Como mostrou Medeiros (2008), existe uma demanda financeira por divisas que não tem relação direta com a estrutura produtiva, mas que surge por meio de uma fragilidade financeira estrutural 12 . Além do processo cíclico causado pela estrutura produtiva desequilibrada há um processo intrínseco de tomada de crédito em excesso, que dado o limite existente nessas economias pelo processo de restrição de divisas, em algum momento será necessário realizar um ajuste na balança comercial não só para conter seu déficit, como para pagar o endividamento excessivo.…”

Section: Um Novo Modelo E Suas Políticasunclassified

Auge e declínio do "neodesarrollismo" argentino

Neto

2016

Econ. soc.

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ResumoO presente artigo busca analisar o neodesenvolvimentismo argentino a partir dos seus eixos constituintes e de como eles se modificaram ao longo dessa última década. O novo desenvolvimentismo argentino entendido aqui não é visto como uma atitude isolada do 'kirchnerismo' e das políticas governamentais, mas como um processo da junção do ambiente interno argentino com a nova reestruturação do sistema capitalista pós-crise neoliberal.Palavras-chave: Argentina; Desenvolvimento econômico; Novo-Desenvolvimentismo; América Latina; Lutas de classe. Abstract The peak and decline of neo-developmentalism in ArgentinaThe aim of this paper is to analyze neo-developmentalism in Argentina based on its constituents' axes and how they changed over the last decade. New developmentalism in Argentina as understood here is not seen as an isolated attitude of 'kirchnerism' and of government policies, but as a process of joining the Argentine internal environment with the new structure of the capitalist system after the neoliberal crisis.Keywords: Argentina; Economic development; Neo-development; Latin America; Class struggle. JEL O540, O100, F590, N460. IntroduçãoNo começo desse novo milênio, grandes mudanças estruturais ocorreram na economia mundial. Em meados dos anos 90, o modelo neoliberal parecia indiscutível, apesar das intensas manifestações sociais, no plano econômico a aparente estabilidade era vista com extrema euforia na América Latina. Entretanto, depois das décadas de 80 e 90 marcadas pelo neoliberalismo, um período de crises financeiras consecutivas marcou o final da década de 90 nos países periféricos 1 . Atualmente se torna possível ver como essas crises podem ser consideradas um marco para um novo modelo político-econômico nos países latinos, que apesar de conter continuidades, apresenta claramente novos padrões. A eleição de Hugo Chávez em 1998 já  Artigo recebido em 25 de junho de 2014 e aprovado em 22 de janeiro de 2016. ** Doutorando em Economia pela Universidade Federal do Rio de Janeiro (IE/PPGE-UFRJ). O autor agradece ao financiamento da CAPES que possibilitou a realização desse trabalho e aos comentários de Daniela Araújo, André Augustin e Carlos Aguiar de Medeiros, obviamente não os comprometendo por eventuais equívocos e omissões existentes nesse trabalho, sendo de total responsabilidade do autor. E-mail: iderley_colombini@hotmail.com.(1) Menção às crises financeiras na Rússia em 97, asiáticas em 98, brasileira em 99 e a argentina em 2001.

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“…On the micro side, this strategy was built by the formation of new private alliances and by re-specialization in activities with absolute cost advantages (whether in industrial commodity chains, as in Mexico, or in natural resources, as in most South American countries throughout the 1990s). 14 On the macro side, this strategy centered on exports and on external financing and foreign investment as the motors of economic growth (Medeiros 2008). The demise of developmental states and the reconstitution of new state formations around these new activities and new corporate interests emerged as the main political challenges assumed by the new elite formed by old politicians and a modern group of technopols.…”

Section: Neoliberalism and The Crisis Of Developmental Statesmentioning

confidence: 99%

“…10. For a discussion on the debt processes and their impact on macroeconomic regimes, see Medeiros (2008). 11.…”

mentioning

confidence: 99%

The Political Economy of Institutional Change and Economic Development in Latin American Economies

Medeiros

2011

Journal of Economic Issues

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This inquiry explores crises facing developmental states in Latin America related to their national strategies for economic growth. Some patterns commonly associated with an import substitution strategy are argued to be rooted in structural and institutional variables related to an abundance of natural resources. However, with the demise of national development strategies after the 1980s, external and internal efforts and measures stemming from big business and financial capital challenged the developmental state. During the 1990s countries in Latin and South America followed similar patterns toward financial integration. Failures related to this recent strategy opened space for a new development policy.

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Financial dependency and growth cycles in Latin American countries

Cited by 24 publications

References 13 publications

Sraffa and the Reconstruction of Economic Theory: Volume Two

Sraffa and the Reconstruction of Economic Theory: Volume Two

Auge e declínio do "neodesarrollismo" argentino

The Political Economy of Institutional Change and Economic Development in Latin American Economies

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