The Post-Neoliberal South American Development

A wave of leftist leaders that promote socialist ideologies have gained popularity among the Latin American electorate. The socialist project has endured over the last 15 years, and apparently has resulted into a positive development for the region, evidencing a consistent regional GDP growth of 4.5...

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Bibliographic Details
Main Author: Carranco Paredes, Santiago
Other Authors: Hopewell, Kristine
Format: Tesis de Maestría
Language:eng
Published: Edimburgo / Universidad de Edimburgo 2016
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Online Access:http://repositorio.educacionsuperior.gob.ec/handle/28000/2654
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Summary:A wave of leftist leaders that promote socialist ideologies have gained popularity among the Latin American electorate. The socialist project has endured over the last 15 years, and apparently has resulted into a positive development for the region, evidencing a consistent regional GDP growth of 4.5% per year, and a reduction of unemployment and inflation rates. Furthermore, Latin American governments have lifted more than 64 million people from poverty and 60 million from the absolute poverty line in this same period. Some gramscianist authors have suggested that the autonomy of governments to produce these social policies has been a key factor in achieving such political and economic stability, in contrast to the situation which occurred during the 90s, when the International Financial Institutions prescribed policy reforms for the South-American states. Nevertheless, there are further aspects such as Chinese expansionism that has evidently influenced the progress of the region during the last 15 years. One example is how the Chinese demand for commodities has produced a boom in the international markets, resulting in an economic bonanza for Latin American states. In addition to the financial aid and specialized investment made by China, this has been key factor for the execution and sustainment of the socialist models in Latin America.