Neoliberalism in Latin America

Vol. 31 No. 2 (2011)

Apr-Jun / 2011
Published April 1, 2011
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Ibarra, David. 2011. “Neoliberalism in Latin America”. Brazilian Journal of Political Economy 31 (2):238-48.

Neoliberalism in Latin America

David Ibarra
Professor aposentado de Economia da Universidade Nacional Autónoma do México.
Brazilian Journal of Political Economy, Vol. 31 No. 2 (2011), Apr-Jun / 2011, Pages 238-248


Neoliberalism in Latin America. Neoliberalism and globalization had decisive influence in shaping public policies both internal and foreign in Latin-America. Less state, trade and market freedoms, social goals subordinated to economic criteria, are part and parcel of the neoliberal utopia. Price stability was erected as the main social objective; import substitution resulted replaced by exports as the main source of growth. The neoliberal net results as applied to Latin-America are: less growth, deindustrialization, income concentration and precarious employments. Therefore, countries public policies should try to gain autonomy to use jointly markets and public intervention in a constructive and innovative fashion.

JEL Classification: F02; F43; O54.

Keywords: neoliberalism globalisation