Economics at your fingertips  

Argentina, Brazil and Mexico fall into turmoil. Quo vadis America?

Argentine, Brésil, Mexique entrent dans la tourmente. Quo vadis Amérique latine ?

Pierre Salama
Additional contact information
Pierre Salama: Séminaire BRICs - FMSH - Fondation Maison des sciences de l'homme, CEPN - Centre d'Economie de l'Université Paris Nord - UP13 - Université Paris 13 - USPC - Université Sorbonne Paris Cité - CNRS - Centre National de la Recherche Scientifique

CEPN Working Papers from HAL

Abstract: From 2003 to 2012, a new period appears in Latin America. Growth is higher, the «basics» ( trade balance, budgetary balance, international reserves, unemployment, formal employment, inflation) more often better, social policies are more or less important depending on the country, poverty recedes and income inequality seems to decrease. The disappearance of the external constraint in the 2000s made less urgent to proceed with structural reforms. It pays now. From 2012, the difficulties appear in Argentina, the Brazil and, to a lesser extent, to the Mexico. The economic miracle becomes mirage, the new eldorado is not. With the brutal reversal of the price of raw materials, new vulnerabilities appear today and result in the prompt return of the external constraint to which the Governments of these countries thought escaped with rising prices and traded volumes. However, globalization is not guilty. This is the way, at least passive, to fit into the international division of labour which is.

Keywords: Reprimarisation; movements of capital; exchange-rate appreciation; inequalities; crisis; Argentina; Brazil; Mexico; mouvements de capitaux; appréciation du taux de change; inégalités; crise; Argentine; Mexique; Brésil (search for similar items in EconPapers)
Date: 2015-04-15
New Economics Papers: this item is included in nep-lam
Note: View the original document on HAL open archive server:
References: View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (application/pdf)

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:

Access Statistics for this paper

More papers in CEPN Working Papers from HAL
Bibliographic data for series maintained by CCSD ().

Page updated 2023-02-14
Handle: RePEc:hal:cepnwp:halshs-01169987