Global Imbalances and Economic Development: Economic Policymaking by Leftist Governments in Latin America

Paunovic, Igor; Moreno-Brid, Juan Carlos
December 2007
International Journal of Political Economy;Winter2007/2008, Vol. 36 Issue 4, p53
Academic Journal
The article, part of a special issue on global economic relations in the 21st century, examines the economic policy responses of leftist governments in Latin America to the imbalances of global capitalism. Imbalances discussed in the article include those between the mobility of capital versus that of labor and between saving and investment, the dominance of financial over productive capital, and the lack of global public goods, especially macroeconomic stability. Also discussed are the economic and political conditions in Latin America from the 1980s to the 2000s, the rise of democratically elected leftist governments, and their policy moves to protect their economies from the external shocks to which they are vulnerable.


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