Wine and Bottles, Old or New? Rethinking Economic Policy in Latin America Once More Comment on Eduardo Lizano

1960 ◽  
Vol 36 (3) ◽  
pp. 416
Author(s):  
F. B. ◽  
Pedro C. M. Teichert

Author(s):  
Amy C. Offner

This chapter focuses on John M. Hunter, the thirty-nine-year-old Illinois native who spoke as director of Colombia's first economic research center and addressed readers of one of Colombia's premier journals of economic research, the Revista del Banco de la República. It also talks about economics in Latin America. During the years after 1945, Colombian universities established freestanding economics programs where none had existed before. There had been men called economists in Colombia for decades; they were brilliant lawyers, engineers, businessmen, and politicians who made national economic policy and taught occasional courses in political economy on the side. But the crisis of the 1930s had inspired a new regard for economic expertise as a specialized form of knowledge, and Colombians set out to create a new kind of economist to steer the state. The invention of economics as an independent discipline, a nineteenth-century process in the United States and much of Europe, was thus a twentieth-century phenomenon in Latin America, born of new visions of national development and spearheaded by renowned men in business and government.


2011 ◽  
Vol 63 (1) ◽  
pp. 43-77 ◽  
Author(s):  
Andy Baker ◽  
Kenneth F. Greene

The rise of the left across Latin America is one of the most striking electoral events to occur in new democracies during the last decade. Current work argues either that the left's electoral success stems from a thoroughgoing rejection of free-market policies by voters or that electorates have sought to punish poorly performing right-wing incumbents. Whether the new left has a policy or performance mandate has implications for the type of policies it may pursue in power and the voting behavior of Latin American electorates. Using a new measure of voter ideology called vote-revealed leftism (VRL) and a time-series cross-sectional analysis of aggregate public opinion indicators generated from mass surveys of eighteen countries over thirteen years, the authors show that the left has a clear economic policy mandate but that this mandate is much more moderate than many observers might expect. In contrast to the generalized view that new democracies are of low quality, the authors reach the more optimistic conclusion that wellreasoned voting on economic policy issues and electoral mandates are now relevant features of politics in Latin America.


1965 ◽  
Vol 75 (298) ◽  
pp. 435 ◽  
Author(s):  
Timothy King ◽  
A. O. Hirschman

Author(s):  
Pavel Pokrytan

The rapid political and economic changes taking place in Latin America are primarily due to the collision of neoliberalism with its opponents, who have largely managed to determine a new trajectory of development for many countries. The statement in this regard about the end of neoliberalism, according to the author, is premature, although it provides a field for additional observations of the ongoing processes. Interesting are the analogies with Russia and the revealed stages of transition of countries from the left to the right political spectrum.


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