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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The two crises that struck in the early years of this century —the global economic and financial crisis (2008-2009) and the eurozone crisis (2009-2013)— have been the worst since the Great Depression of the 1930s in terms of their intensity, economic and social impacts and duration. These crises and their fallout are further evidence not only of the inability of the vast majority of public and private institutions and academics to foresee crises, identify unsustainable imbalances and warn of risks inherent in the financial sector, but also of the major drawbacks of a single predominant school of thought on economics and development and the resulting macroeconomic and financial policies.

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