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- Neostructuralism and Heterodox Thinking in Latin America and the Caribbean in the Early Twenty-First Century
- Chapter
Introduction
- Authors: Alicia Bárcena and Antonio Prado
- Main Title: Neostructuralism and Heterodox Thinking in Latin America and the Caribbean in the Early Twenty-First Century , pp 17-28
- Publication Date: August 2016
- DOI: https://doi.org/10.18356/ac1e7aa5-en
- Language: English Spanish
The economic thinking that held sway over academic teaching and economic policy for more than five decades has been severely criticized in recent years, and is now at the centre of an intense debate among the economists who support this school of thought, as well as between its advocates and opponents. This intellectual discussion alternates between positions that either defend or question the prevailing paradigm in terms of its conceptual and empirical coherence and validity. This situation was largely brought about by onset of the two largest, longest and most intense crises since the Great Depression: the international economic and financial crisis (2008-2009) and the eurozone crisis (2009-2013). The huge economic and social repercussions of these historically unprecedented events has generated heated discussion over the need to review or reformulate policies to respond to these challenges, taking into account the implications that such actions will have for the prevailing economic model. Yet the socioeconomic vulnerabilities that have resulted from the recent crises have also allowed for rethink of policy tools considering alternative approaches, founded on heterodox schools of economic thought such as the evolutionary, institutional, regulatory and post-Keynesian schools, as well as the approaches that emerged from developmentalism, essentially structuralism and neostructuralism.
© United Nations
ISBN (PDF):
9789210575348
Book DOI:
https://doi.org/10.18356/5bbd9590-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
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