Why are Latin Americans So Unhappy about Reforms?
United Nations - Conference on Trade and Development (UNCTAD); Graduate Institute of International and Development Studies (HEI)
Inter-American Development Bank (IDB) - Research Department
Journal of Applied Economics, Vol. 8, No. 1, pp. 1-29, May 2005
This paper uses opinion surveys to document discontent with the pro-market reforms implemented by most Latin American countries during the 1990s. The paper also explores four possible sets of explanations for this discontent: (i) a general drift of the populace's political views to the left; (ii) an increase in political activism by those who oppose reforms; (iii) a decline in the people's trust of political actors; and (iv) the economic crisis. The paper's principal finding is that the macroeconomic situation plays an important role in explaining the dissatisfaction with the reform process.
Keywords: Political economy, reforms, crisis, Latin America
JEL Classification: P16, O54Accepted Paper Series
Date posted: June 16, 2005
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo3 in 0.391 seconds