Strategic decisions and overlapping consensus in Latin America

The paper, first, summarizes Latin American structuralism, and offers reasons why it was so influential and durable in the region, as it attended to real demands, and was part of 1950s’ mainstream economics. Second, says why, with 1980s’ Great Crisis, structuralism eventually ended itself into crisi...

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Detalles Bibliográficos
Autor: Bresser-Pereira, Luiz Carlos
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2001
País:Brasil
Institución:EDITORA 34
Repositorio:Revista de Economia Política
Idioma:portugués
OAI Identifier:oai:ojs2.centrodeeconomiapolitica.org:article/992
Acceso en línea:https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/992
Access Level:acceso abierto
Palabra clave:Latin America
structuralism
orthodoxy
developmental populism
América Latina
estruturalismo
ortodoxia
populismo desenvolvimentista
Descripción
Sumario:The paper, first, summarizes Latin American structuralism, and offers reasons why it was so influential and durable in the region, as it attended to real demands, and was part of 1950s’ mainstream economics. Second, says why, with 1980s’ Great Crisis, structuralism eventually ended itself into crisis, as it was unable to keep pace with historical new facts, particularly with the industrial revolution or take-off, that made Latin American economies intermediary, still developing, but fully capitalist. Third, it lists the quasi-consensus or overlapping consensus that today exists on economic development. Fourth, opposes “official orthodoxy” to “developmental populism”, the former deriving from neoclassical economics, the later from structuralism, and offers, in relation to six strategic issues, a development alternative. JEL Classification: B1; B5.