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The neoliberal turn in latin america: the cycle of ideas and the search for an alternative

The neoliberal turn in latin america: the cycle of ideas and the search for an alternative
The neoliberal turn in latin america: the cycle of ideas and the search for an alternative
The role of ideas has been neglected, in comparison with the role of interests and institutions, in the literature on neoliberal reform in Latin America. While ideas were not the primary cause of neoliberal reform, their development, articulation, and dissemination are a significant part of the story of the rise and fall of the “Washington Consensus.” The neoliberalism of the 1980s and 1990s lost credibility and capacity to provide politically feasible policy guidelines because it was based on an elitist, exclusionary pact among small groups of experts and elites representing the interests of transnational capital. Only by understanding the origins and limitations of the ideas behind neoliberal reform can a new, more inclusive economic model for Latin America be created.
neoliberalism, economic reform, globalization, policy making, latin america
0094-582X
25-48
Margheritis, Ana
af0b7f76-16ba-4f96-953d-7ffbd60b5d53
Pereira, A.W.
56eace58-c995-4272-abc0-3297e943311d
Margheritis, Ana
af0b7f76-16ba-4f96-953d-7ffbd60b5d53
Pereira, A.W.
56eace58-c995-4272-abc0-3297e943311d

Margheritis, Ana and Pereira, A.W. (2007) The neoliberal turn in latin america: the cycle of ideas and the search for an alternative. Latin American Perspectives, 34 (3), 25-48. (doi:10.1177/0094582X07300587).

Record type: Article

Abstract

The role of ideas has been neglected, in comparison with the role of interests and institutions, in the literature on neoliberal reform in Latin America. While ideas were not the primary cause of neoliberal reform, their development, articulation, and dissemination are a significant part of the story of the rise and fall of the “Washington Consensus.” The neoliberalism of the 1980s and 1990s lost credibility and capacity to provide politically feasible policy guidelines because it was based on an elitist, exclusionary pact among small groups of experts and elites representing the interests of transnational capital. Only by understanding the origins and limitations of the ideas behind neoliberal reform can a new, more inclusive economic model for Latin America be created.

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More information

Published date: May 2007
Keywords: neoliberalism, economic reform, globalization, policy making, latin america
Organisations: Social Sciences

Identifiers

Local EPrints ID: 348740
URI: http://eprints.soton.ac.uk/id/eprint/348740
ISSN: 0094-582X
PURE UUID: e65e9328-f346-4312-94e9-3b53c7e5881b
ORCID for Ana Margheritis: ORCID iD orcid.org/0000-0001-8126-4478

Catalogue record

Date deposited: 18 Feb 2013 16:53
Last modified: 05 Feb 2020 01:33

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Contributors

Author: Ana Margheritis ORCID iD
Author: A.W. Pereira

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