This collection presents the difficult challenges of the new
economic era as well as a set of alternative economic policies for
managing the open Latin American economies of the early
twenty-first century. Ideas that were removed from the reform
agenda over the past two decades are seen as critical to the
improved economic and social performance that liberalization has so
far failed to produce. These ideas include a role for
counter-cyclical macroeconomic policies, including restrictions on
capital mobility; active productive sector and technological
development policies; and the need to pay greater attention not
only to social policies, but also to the links between economic
policies and social outcomes, in order to guarantee a desirable
social performance. This collection sheds new light on issues that
were largely overlooked during the reform period, and that must be
faced squarely to overcome the deficiencies that Latin America has
faced during its phase of liberalization and its dismal economic
performance since the Asian crisis.
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