The false promises of the (second) Washington consensus : evidence from Latin America and the Caribbean (1990-2003)
By: BERR, Eric
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Contributor(s): COMBARNOUS, François.
Material type: 
ArticlePublisher: São Paulo : Editora 34, out./dez.2007Revista de Economia Política = Brazilian Journal of Political Economy 27, 4 , p. 525-545Abstract: The objective of this paper is twofold. Firstly, we show how, and to what extent, Latin American and Caribbean countries applied the precepts of the second Washington consensus, i.e. a consensus which stresses the capital account liberalization. Secondly, we highlight the effects of this set of reforms on their economies. Thus, we show that countries having most scrupulously followed these recommendations did not experience better economic results. On the contrary, their situation as regards inequality and debt is getting worse than others
The objective of this paper is twofold. Firstly, we show how, and to what extent, Latin American and Caribbean countries applied the precepts of the second Washington consensus, i.e. a consensus which stresses the capital account liberalization. Secondly, we highlight the effects of this set of reforms on their economies. Thus, we show that countries having most scrupulously followed these recommendations did not experience better economic results. On the contrary, their situation as regards inequality and debt is getting worse than others
Revista de Economia Política v.27 n.4 2007
v. 27 n. 4 (108)
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