Crisis and Democracy in Latin America

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Abstract
Democratization in Latin America took place throughout the 1980s within a context of acute economic crisis, thus posing a sharp challenge to established theory. This essay examines alternative explanations-economic, political, institutional, international-for this paradoxical outcome. It is argued that the political impact of the debt crisis differs for the short, medium, and long terms. The analysis also devotes considerable attention to the concept of “democratization” and to the quality of Latin American democracies, which tend to contain pervasive authoritarian features. Careful reading of these phenomena can lay the foundation for new and enduring theoretical frameworks about the relationship between macroeco-nomic transformation and political change.

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