Models of Development, Social Policy and Reform in Latin America

Carmelo Mesa-Lago

Chapter 8 in Social Policy in a Development Context, 2004, pp 175-202 from Palgrave Macmillan

Abstract: Abstract Latin America is a region of the world that has experimented with most development models. In addition, it has been at the forefront in social policies and a pioneer in market-oriented reforms in both areas. From the 1950s to the end of the 1970s most countries in the region followed a mixed model of development characterized by the predominance of the market but also incorporating significant state control and intervention. At the start of the 1960s Cuba took a dramatic leap to the state, introducing a fully socialized economy with central planning. Conversely, in the mid-1970s Chile pursued the opposite course with a policy of drastic economic reform that followed neo-liberal ideas and moved that country towards a very market-oriented society. The latter approach influenced the policies of the major international financial organizations and has been eventually applied across most of the region.

Keywords: Pension Fund; Social Indicator; Structural Reform; Pension Reform; National Saving (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:pal:sopchp:978-0-230-52397-5_8

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DOI: 10.1057/9780230523975_8

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