Why are Latin Americans so unhappy about reforms?

Ugo Panizza and Monica Yanez Pagans ()

Journal of Applied Economics, 2005, vol. VIII, pages 1-29

Abstract: This paper uses opinion surveys to document discontent with the pro-market reforms implemented by most Latin American countries during the 1990s. The paper also explores four possible sets of explanations for this discontent: (i) a general drift of the populace’s political views to the left; (ii) an increase in political activism by those who oppose reforms; (iii) a decline in the people’s trust of political actors; and (iv) the economic crisis. The paper’s principal finding is that the macroeconomic situation plays an important role in explaining the dissatisfaction with the reform process.

Keywords: political economy; reforms: crisis; Latin America (search for similar items in EconPapers)
JEL-codes: P16 O54 (search for similar items in EconPapers)
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http://www.cema.edu.ar/publicaciones/download/volume8/panizza.pdf (application/pdf)

Related works:
Working Paper: Why Are Latin Americans so Unhappy about Reforms? (2004)
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