1994
DOI: 10.1353/jod.1994.0057
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Latin America: The Second Stage of Reform

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Cited by 140 publications
(51 citation statements)
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“…In the first, neoliberalism was conceived as a debt management strategy that effectively discredited the state-led model of development in the aftermath of the 1982 debt crisis. Then, by the 1990s, a second wave of complex reforms in the economy was being introduced, in which privatisation of public services and trade liberalisation became the battlecry of reformers in Latin America (Naím, 1994). Although the timing of market reforms varies across Africa and Asia, we can nonetheless still talk about a global shift from state-led economic governance towards 'deep marketisation' across the Global South (Campbell, 2009;Carroll, 2010;Harrison, 2010 ;Soederberg et al, 2006).…”
Section: Neoliberalism In the Resource Sectormentioning
confidence: 99%
“…In the first, neoliberalism was conceived as a debt management strategy that effectively discredited the state-led model of development in the aftermath of the 1982 debt crisis. Then, by the 1990s, a second wave of complex reforms in the economy was being introduced, in which privatisation of public services and trade liberalisation became the battlecry of reformers in Latin America (Naím, 1994). Although the timing of market reforms varies across Africa and Asia, we can nonetheless still talk about a global shift from state-led economic governance towards 'deep marketisation' across the Global South (Campbell, 2009;Carroll, 2010;Harrison, 2010 ;Soederberg et al, 2006).…”
Section: Neoliberalism In the Resource Sectormentioning
confidence: 99%
“…From the mid-1990s onward, a variety of policy themes, ranging from the notion of second stage reforms (Naim 1994) to calls for revising the Washington Consensus (Burki and Perry 1998) and a growing interest in good governance (Kaufmann et al 1999), converged on the idea that liberalizing countries should complement policy change with the pursuit of market-supporting institutions. By the turn of the century, official development advice came to be centered around the promises of comprehensive institutional reforms (World Bank 2002).…”
Section: Institutional Persistence and Change In Late Developersmentioning
confidence: 99%
“…Rather, smaller groups of firms-often single firms-were more likely to lobby the state directly for specific objectives (European Bank for Reconstruction and Development, 1999). Risk, 1990Risk, -2002 more technical skill (see, for example, Naím, 1994;and Krueger, 2000). More important, the number of interests potentially affected in second-generation reforms is much larger; consequently, groups representing these interests are often far more vocal (Tommasi and Velasco, 1996).…”
Section: Political Constraints and Public Support For Market Reformmentioning
confidence: 99%