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.

English Spanish


Development and macroeconomics: Reflections from the Mexican case

The purpose of this article is to draw attention to fundamental elements in the structure of an economy that need to be considered in the design of a macroeconomic policy for development. It draws on contributions from the neo-structuralist approach, particularly its emphasis on the importance of productive heterogeneity as a determinant of economic growth patterns. Also considered are some criticisms of conventional macroeconomic policy from different perspectives prompted by the international financial crisis which broke out in 2008 and 2009. The macroeconomic policy applied in Mexico during the last 30 years and its relationship to the performance of the country’s economy have been considered for illustration purposes.

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