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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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The macro- and microeconomics of natural-resource-based growth

After enduring sluggish growth in the 1980s, which led to heavy drops in gross domestic product (GDP) in the aftermath of the 1982 Mexican moratorium, a sharp downturn in employment and social equity, and considerable destruction of industrial and technological capacity —caused by the unthinking manner in which several governments opened and deregulated the economy following the precepts of the Washington Consensus— the Latin America countries experienced an uneven but encouraging upturn in the 1990s and 2000s.

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