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Neostructuralism and Heterodox Thinking in Latin America and the Caribbean in the Early Twenty-First Century

image of Neostructuralism and Heterodox Thinking in Latin America and the Caribbean in the Early Twenty-First Century
Neostructuralism delves more deeply into the issues addressed in structuralism, aiming to improve positioning in the international economy, boost productive employment creation, reduce structural heterogeneity and improve income distribution, while maintaining financial balances capable of sustaining changes in the sphere of production by means of social and State support. Far from being an insular system of thinking, neostructuralism is an open system that lends itself to dialogue with other philosophies that recognize the limitations of the dominant paradigm and object to its methodological monism. This book offers a fresh look at neostructuralism and heterodox thinking at the start of the twenty-first century. In a context shaped by the impacts of the worst economic and financial crisis since the Great Depression and by paradigmatic changes at the global level, it aims to carve out arenas for discussion between alternative lines of thinking in order to lay the foundations for a socioeconomically inclusive and environmentally sustainable model of development for the region.

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Structural change trajectories and industrial policy approaches: A proposal based on the Argentine experience

From early 2003 to late 2011, the Argentine economy followed a path of sustained, rapid growth, with a brief hiatus from late 2008 to mid-2009 owing primarily to the repercussions of the international crisis. This period included an initial post-crisis recovery phase, which both preceded and followed the collapse of the convertibility regime, and a later phase of genuine and equally solid growth. By late 2005, and after more than 10 consecutive quarters of overall expansion, GDP growth had matched the high recorded in 1998, a clear indication of the gravity of the domestic situation at the start of the century. After equalling that historic high, economic activity continued on its path of vertiginous growth, posting annual rates on a par with China for over five years. Several factors contributed to this performance: the way in which the convertibility crisis was resolved resulted in favourable supply-side conditions, while demand was driven by an excellent international climate and by deliberate, effective expansionary policies at home. The latter two factors were particularly true of much of this period and set up a virtuous growth dynamic.

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