Publicado

2025-01-30

Why left and right-wing governments fail in Latin America. With a critique to Gabriel Palma.

Por qué fracasan los gobiernos de izquierda y derecha en América Latina. Con una crítica a Gabriel Palma

Palabras clave:

Quasi-stagnation, left-wing, right-wing, governments, economic growth, Latin America (en)
Cuasi-estancamiento, izquierda, derecha, gobiernos, crecimiento económico, América Latina (es)

Descargas

Autores/as

  • Luiz Carlos Bresser-Pereira Getulio Vargas Foundation

Since 2019, a new wave of left-wing governments is happening in Latin America, but there is no reason to believe it will be successful. Since 1980, no governments either on the left or on the right have been economically successful. Quasi-stagnation – growing less than the other developing countries and less than the rich countries, falling behind – has been the rule. Gabriel Palma has drafted a recent paper present data and discussing this problem but offered no solution and ignored other Latin American contributions on the subject including New Developmentalism, which has an explication and a solution.

Since 2019, a new wave of left-wing governments is arising in Latin America, but there is no reason to believe they will be successful. Since 1980, no governments either on the left or on the right have been economically successful. Quasi-stagnation – growing less than the other developing countries and less than the rich countries, falling behind – has been the rule. Gabriel Palma has drafted a recent paper presenting data and discussing this problem but offering no solution and ignoring other Latin American contributions on the subject including New Developmentalism, which sets forth an explication and a solution.

Descargas

Los datos de descargas todavía no están disponibles.

Citas

Bresser-Pereira, Luiz Carlos (1999 [2002]) “Latin America’s quasi-stagnation”, in Paul Davidson, ed. (2002) A Post Keynesian Perspective on 21st Century Economic Problems. Cheltenham: Edward Elgar Press: 01-28. Paper presented at the Centre for Brazilian Studies, Oxford University, December 1999 with the original title, “Incompetence and confidence building behind 20 years old quasi-stagnation in Latin America”.

Bresser-Pereira, Luiz Carlos (2019) “Why did trade liberalization work for East Asia but fail in Latin America?”, Challenge vol.62 n.4: 273-277. DOI: 10.1080/05775132.2019.1632526

Bresser-Pereira, Luiz Carlos; Eliane Cristina Araújo; Samuel Costa Peres (2020) “An alternative to the middle-income trap”, Structural Change and Economic Dynamics, 52, March: 294-312. https://doi.org/10.1016/j.strueco.2019.11.007

Bresser-Pereira, Luiz Carlos; José Luis Oreiro (2024) “A brief history of development theory. From Schumpeter and Prebisch to new developmentalism”, Brazilian Journal of Political Economy, 44(1) January: 5-28.

Canelas, Manuel (2022) "Not everything that shines is a 'cycle'", Economia e Sociedad, special issue, November: 35-43.

Edwards, S (2023), The Chile Project: The Story of the Chicago Boys and the Downfall of Neoliberalism, Princeton University Press.

Group of Thirty (2023), “Why Does Latin America Underperform?”, at http://bit.ly/3SbXLuU

Laclau, Ernesto (2005) On Populist Reason, London Verso.

Natanson, José (2022) "The New Left", Economy and Society, special issue, November: 25-34

Palma, Gabriel (2023) “How Latin America Sinks into the Quicksand of Inertia: On getting bogged down between a fading “extractivist” model and more productivity-enhancing”, Cambridge Working Papers in Economics no. 2380, published 20 December 2023.

Palma, Gabriel (2004 [2005]) “Four sources of ‘de-industrialization’ and a new concept of Dutch Disease”, in José Antonio Ocampo, ed. (2005) Beyond Reforms: Structural Dynamics and Macroeconomic Vulnerability, Stanford: Stanford University Press and World Bank. Original version, 2004.