By Judith A. Teichman
Within the Nineteen Eighties and Nineties, countries all through Latin the US skilled the twin differences of marketplace liberalizing reforms and democratization. in view that then, possibly no factor has been extra debatable between those that learn the zone than the precise nature of the connection among those methods. Bringing a much-needed comparative standpoint to the dialogue, Judith Teichman examines the politics of marketplace reform in Chile, Argentina, and Mexico, reading its implications for democratic practices in each one case. Teichman considers either inner and exterior affects at the means of Latin American marketplace reform, anchoring her research within the old, political, and cultural contexts certain to every nation, whereas additionally highlighting the real function performed through such overseas actors because the global financial institution and the foreign financial Fund (IMF). trained by way of interviews with a couple of hundred senior officers inquisitive about the reform approach, her research finds that whereas the preliminary level of industry reform is linked to authoritarian political practices, later stages witness an increase within the value of electoral democracy. She concludes, despite the fact that, that the legacy of authoritarian choice making represents an important situation to sizeable democratization.
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Extra resources for The Politics of Freeing Markets in Latin America: Chile, Argentina, and Mexico
16 The popular bases of these political movements meant inevitable pressure for the extension of social welfare services involving the establishment of government agencies to provide services for peasants and housing for workers, labor ministries involved in the setting of wages and beneﬁts, and a plethora of boards and agencies regulating private sector behavior. The state now took on a leadership role in economic development, providing quota and tariﬀ protection for domestic industry, loans, and infrastructural development.
By the late s, average tariﬀ protection stood at percent, reaching percent in some cases (Edwards , ). Support for a highly interventionist state was widely accepted in Chilean society, including among most Chilean entrepreneurs who had grown up under the protection of the state. There had been two attempts at stabilization (– and –), and both had failed. Although most Chileans accepted the primacy of the state in economic matters, by the s there was a clear lack of consensus on the issue of state protection of property rights.
Until , Chile had a liberal pluralist political system operating in a Latin American social and economic setting. The willingness of elites to open the political system to opposition groups through electoral politics was without doubt a key contributor to the longevity of the country’s democratic political stability. But while Chile’s political system gave free rein to political competition, it had neither the legitimizing societal consensus of a liberal democracy 1 nor the cooptative capabilities of Latin American clientelism and corporatism.
The Politics of Freeing Markets in Latin America: Chile, Argentina, and Mexico by Judith A. Teichman