In Defense of the Autonomy in Neoliberal Economic Policy Reform in Latin America

Nobuaki Hamaguchi

Kobe Economic & Business Review, 2006, vol. 50, 33-49

Abstract: This article addresses the question of how do we implement necessary economic policy reform in Latin America. A search for an alternative of the unconditional liberalization should be developed in the direction to take full advantage of economic opportunities from the enhanced market mechanism and globalization, rather than denying these irreversible processes. The government should play active role in keeping tight a rein on the process of adaptation to the globalization, without renouncing the autonomy in the conduct of economic policy and institutional reform which should be managed for improve functioning of the market on the basis of the local specifics. Especially, consolidation of macroeconomic stability and harmonization of social conflicts are major challenge to obtain autonomy. The globalization process will be more unbiased by letting developing countries to assume more active role in global institutional building, which should be based on the awareness of diversity and justice.

Keywords: globalization; neoliberalism; Latin America; stabilization; economic growth (search for similar items in EconPapers)
JEL-codes: F02 F43 O24 (search for similar items in EconPapers)
Date: 2006
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.rieb.kobe-u.ac.jp/research/publication/kobe_review/index.html (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kob:review:feb2006::v:50:p:33-49

Access Statistics for this article

Kobe Economic & Business Review is currently edited by Takashi Kamihigashi

More articles in Kobe Economic & Business Review from Research Institute for Economics & Business Administration, Kobe University Contact information at EDIRC.
Bibliographic data for series maintained by Office of Promoting Research Collaboration, Research Institute for Economics & Business Administration, Kobe University ().