The Political Economy of Neo-Liberal Reform in Latin America: A Critical Appraisal
- 1 March 1997
- journal article
- research article
- Published by SAGE Publications in Capital & Class
- Vol. 21 (1) , 19-43
- https://doi.org/10.1177/030981689706100103
Abstract
Proponents of neo-liberal reform have pointed to a number of ‘success' stories in Latin America as models of the correct road to stable growth and development. Examining the component parts of the reform packages, the article offers a new interpretation of neo-liberalization in Latin America, arguing that from the perspective of the majority of the urban working class and rural peasantry neo-liberalism has had decidedly adverse consequences. In doing so, it calls into question the accuracy of academic and journalistic interpretations of Latin American neo-liberalism.Keywords
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