Globalization as a Development Strategy in Latin America?

Sánchez, Omar

doi:10.1016/j.worlddev.2003.09.002

Cited by 18 publications

(9 citation statements)

References 43 publications

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“…Although the 2000-2003 period marks a relative return to the implementation of measures relating to the second and third dimensions, it also reveals a reversal concerning the application of measures relating to the first dimension. This confirms the increasingly strong hesitations toward the structural reforms held to be responsible for previous crises (Stiglitz [2000], [2002], Sanchez [2003], Davidson [2004], Lapeyre [2004], ). Examining the different cases, one can distinguish particular situations in certain countries.…”

supporting

confidence: 59%

“…It is widely accepted that Latin America and the Caribbean have been the part of the world where the liberal precepts of the second Washington consensus have been the most closely followed (Birdsall and de la Torre [2001], Ocampo [2004], Rodrik [2004], Sanchez [2003]). However, the multiple dimensions of the program, that we will detail in the first place, make any immediate and overall evaluation of the degree of its application impossible.…”

Section: The Application Of the Second Washington Consensus In Latin mentioning

confidence: 99%

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

Berr

Combarnous

2007

Brazil. J. Polit. Econ.

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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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supporting

confidence: 59%

Section: The Application Of the Second Washington Consensus In Latin mentioning

confidence: 99%

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

Berr

Combarnous

2007

Brazil. J. Polit. Econ.

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“…Hence, policymakers need to design and implement an active development strategy not only to benefit from, but also to help counteract the negative effects of the immutable forces of globalization. Globalization should not be viewed as a reliable substitute for a domestic development strategy (Sanchez 2003). It is not enough for governments to assume an active role in liberalizing trade and capital movements and de-regulating their economies while passively waiting for the fruits of the Washington consensus and the market forces of globalization to pull them on a fast track to development.…”

Section: Discussionmentioning

confidence: 99%

Channels and policy debate in the globalization–inequality–poverty nexus

2006

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The paper offers a critical literature review of the debate surrounding the globalizationpoverty nexus, focusing on channels and linkages through which globalization affects the poor. After introducing four different concepts used to measure trends in world income inequality, it examines first the 'growth' conduit through which globalization affects poverty. Treating inequality as the explicit filter between growth and poverty reduction, the causal chain of openness-growth-inequality-poverty is scrutinized, link by link. The paper then moves on to examine other channels in the globalization-poverty nexus that operate through changes in relative factor and good prices, factor movements, the nature of technological change and diffusion, the impact of globalization on volatility and vulnerability, the worldwide flow of information, global disinflation, and institutions, respectively. The paper concludes with a discussion of strategic policy issues within the context of the globalization debate.

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“…Por su parte, Stiglitz (2003) afirma que la distribución del ingreso es importante para el desempeño de la economía tanto directa como indirectamente, a través de los procesos políticos. Igualmente, el trabajo de Sánchez (2003) recoge los principales argumentos de la nueva literatura del crecimiento que relacionan la desigualdad con bajo crecimiento. También están presentes en el trabajo de Ocampo 2005, que cita expresamente el estudio de revisión de la literatura de Aghion et al (1999) como justificación de que el «énfasis en la cohesión social no está exento de racionalidad económica».…”

Section: Las Nuevas Teorías Del Crecimiento Y La Nueva Agendaunclassified

Las relaciones entre equidad y crecimiento y la nueva agenda para América latina

Troyano¹,

Antón²

2008

Am. Lat. Hoy. Rev. Cienc. Soc.

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RESUMEN: El objetivo de este trabajo es analizar los cambios ocurridos en la teoría económica acerca de las relaciones entre equidad y crecimiento y su influencia sobre las nuevas agendas propuestas para el desarrollo de América Latina. Para ello se parte de la elipsis de las cuestiones distributivas en las recomendaciones de política económica formuladas en las décadas de 1980 y 1990, comenzando por el Consenso de Washington. A continuación se presentan las propuestas teóricas (y los ejercicios empíricos realizados a partir de ellas) que analizan el nexo entre crecimiento y desigualdad y que ponen en cuestión la existencia de una «curva de Kuznets». También se exponen los distintos postulados sobre el efecto que la desigualdad tiene sobre el crecimiento económico y se abordan los cambios en la teoría del crecimiento y los resultados de los ejercicios empíricos que han llevado a la consolidación de una relación negativa entre desigualdad y crecimiento. Finalmente se analiza el impacto de estos cambios sobre las propuestas de política económica que se han realizado en los últimos años para renovar la agenda latinoamericana.ABSTRACT: The aim of this paper is to analyse the changes in economic theory regarding the relationship between equity and growth and their influence on the development agendas proposed for Latin America. We departed from the ellipsis of distributional issues in the advised economic policies formulated in the 80s and 90s, beginning with the Washington Consensus. Then, the theoretical proposals (and the corresponding empirical evidence) that analyse the nexus between growth and equity and that question the existence of the «Kuznets Curve» are presented.

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Globalization as a Development Strategy in Latin America?

Cited by 18 publications

References 43 publications

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

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

Channels and policy debate in the globalization–inequality–poverty nexus

Las relaciones entre equidad y crecimiento y la nueva agenda para América latina

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