The Neoliberal Myth in Latin America: The Cases of Mexico and Argentina in the '90s

35 Pages Posted: 28 Apr 2007

See all articles by Veronica Ronchi

Veronica Ronchi

Fondazione Eni Enrico Mattei (FEEM)

Date Written: April 2007

Abstract

During the '90s most Latin American countries were submitted to neoliberal structural reform policies. Neoliberal policies imposed market supremacy, reduced the State's role in the economy and deregulated the markets. This paper aims at describing how these policies affected the most important macroeconomic indexes, with special emphasis on Argentina and Mexico, the two countries that suffered most from the economic crises of the '80s and '90s, and where the neoliberal policies were applied with greater orthodoxy. In spite of a slight improvement in some macroeconomic indexes, in Latin America neoliberalism failed to reduce poverty and unemployment, and was unable to guarantee a fair distribution of the wealth and improve welfare.

Keywords: Latin America, Mexico, Argentina, '90s, Neoliberalism

JEL Classification: E21, E22, E24, E26, N16, N26, N36, O16

Suggested Citation

Ronchi, Veronica, The Neoliberal Myth in Latin America: The Cases of Mexico and Argentina in the '90s (April 2007). FEEM Working Paper No. 42.2007, Available at SSRN: https://ssrn.com/abstract=983031 or http://dx.doi.org/10.2139/ssrn.983031

Veronica Ronchi (Contact Author)

Fondazione Eni Enrico Mattei (FEEM) ( email )

C.so Magenta 63
Milano, 20123
Italy

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