- Figures (and map)
- Shifting Paradigms in Latin America's Economic Development
- Institutions and the Historical Roots of Latin American Divergence
- Political Institutions, Policymaking, and Economic Policy in Latin America
- The Washington Consensus: Assessing A “damaged Brand”
- From Old to New Developmentalism in Latin America
- Environmental Sustainability
- Taming Capital Account Shocks: Managing Booms and Busts
- Exchange Rate Regimes in Latin America
- Monetary Policy in Latin America: Performance Under Crisis and the Challenges of Exuberance
- Domestic Financial Development in Latin America
- Fiscal Policy in Latin America
- Fiscal Legitimacy, Inequalities, and Democratic Consolidation in Latin America
- Latin America in the World Trade System
- Regional Integration
- The Effects of Trade Liberalization on Growth, Employment, and Wages
- The Recent Commodity Price Boom and Latin American Growth: More than New Bottles for an Old Wine?
- Curse or Blessing? Natural Resources and Human Development
- Foreign Direct Investment in Latin America
- China and the Future of Latin American Economic Development
- Latin America in the Recent Wave of International Migration
- Structural Transformation and Economic Growth in Latin America
- Learning, Technological Capabilities, and Structural Dynamics
- Why Has Productivity Growth Stagnated in Most Latin American Countries Since the Neo-Liberal Reforms?
- Agricultural and Rural Development
- An Energy Panorama of Latin America
- Infrastructure in Latin America
- The Rise and Fall of Income Inequality in Latin America
- Multidimensional Poverty in Latin America: Concept, Measurement, and Policy
- Economic Insecurity and Development in Latin America and the Caribbean
- Employment: The Dominance of the Informal Economy
- Latin American Labor Reforms: Evaluating Risk and Security
- Social Protection in Latin America: Achievements and Limitations
- Social Security Reforms in Latin America
Abstract and Keywords
This chapter presents a brief and selective overview of some themes in the political economy of policymaking in Latin America. The first section reviews some of the key contributions to the study of the political economy of Latin America during its major phases of economic and institutional development. The rest of the chapter focuses on a strand of recent research that concentrates on actual decision and implementation processes, and on the political institutions and state and social actors involved in those processes. On the one hand, it is important to emphasize the importance of home-grown development strategies adapted to each country's institutional capabilities. On the other, after two decades of democratic practice, it is plausible to rely on deeper knowledge about the inner workings of democratic institutions to understand the actual functioning of the policymaking process in each country.
Martín Ardanaz, PhD candidate, Department of Political Science, Columbia University.
Carlos Scartascini is Lead Economist of the Research Department at the Inter-American Development Bank, Washington, DC.
Mariano Tommasi is Professor, Department of Economics, Universidad de San Andres, Buenos Aires and Visiting Scholar, Research Department, Inter-American Development Bank, Washington, DC.
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