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In search of another form of development
- Source: CEPAL Review, Volume 1992, Issue 48, Dec 1992, p. 7 - 38
- Spanish
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- 31 Dec 1992
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Abstract
The prime importance given in the 1980s to analysis of the economic depression, external imbalances and inflation in Latin America has left in the background the profound economic, institutional and social changes which took place in this period. Under the inspiration of neoliberal ideas, the institutional and macroeconomic reforms served both to dismantle the previous form of development and to try to establish a new one. There were transfers of wealth and alterations in the structure of production, income distribution, the relation between capital and labour, public and private functions, and the place of the region in the international economy. Some of these changes look place in connection with anti-inflationary or external debt service policies.