State intervention and legitimation in the financial crisis: the case of semi-industrialized Latin American countries

Pierre Salama ()

Brazilian Journal of Political Economy, 1988, vol. 8, issue 4, 553-579

Abstract: Democratic regimes have substituted repressive political regimes in Latin America.They are now confronting extremely serious problems: social ínequality, financial crisis,both apparently without solution. The viability of increasing the strength of democracy isthe first subject of this paper. The second subject relates to the degree of state interventionunder these conditions. It argues that a reduction and a modification of the state structureare taking place. The financial crisis tends to accelerate this process. These two subjects,basis and fragility of democracy and the limits of the state intervention, are analysed in thelight of the “derivation theory”. JEL Classification: P16; P10; H10.

Keywords: Role of the State; democracy; state derivation (search for similar items in EconPapers)
Date: 1988
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