Abstract
During the last two decades, Latin American countries have pursued an agenda of widespread market liberalization, commonly referred to as the Washington Consensus. These policies have left Latin American economies—with few exceptions—with a new/old comparative advantage in natural resources, a shrinking manufacturing sector, a growing informal sector, low investment ratios, slow economic growth, more unequal income distribution and rising poverty rates.
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© 2008 Diego Sánchez-Ancochea and Kenneth C. Shadlen
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Abugattas, L., Paus, E. (2008). Policy Space for a Capability-Centered Development Strategy for Latin America. In: Sánchez-Ancochea, D., Shadlen, K.C. (eds) The Political Economy of Hemispheric Integration. Studies of the Americas. Palgrave Macmillan, New York. https://doi.org/10.1057/9780230612945_5
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DOI: https://doi.org/10.1057/9780230612945_5
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