Leftist Governments in Latin America: Successes and by Kurt Weyland, Raúl L. Madrid, Wendy Hunter

By Kurt Weyland, Raúl L. Madrid, Wendy Hunter

Can Latin America's "new left" stimulate financial improvement, improve social fairness, and deepen democracy even with the commercial and political constraints it faces? this is often the 1st ebook to systematically research the rules and function of the left-wing governments that experience risen to energy in Latin the US over the last decade. that includes thorough reports of Bolivia, Brazil, Chile, and Venezuela through popular specialists, the amount argues that average leftist governments have attained higher, extra sustainable good fortune than their extra radical, contestatory opposite numbers. reasonable governments in Brazil and Chile have generated strong financial development, diminished poverty and inequality, and created cutting edge and fiscally sound social courses, whereas respecting the basic rules of marketplace economics and liberal democracy. in contrast, extra radical governments, exemplified by way of Hugo Chávez in Venezuela, have improved kingdom intervention and renowned participation and attained a few momentary fiscal and social successes, yet they've got provoked critical clash, undermined democracy, and did not make sure the fiscal and institutional sustainability in their coverage tasks.

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By contrast, the Bolivarian movement and the Bolivian MAS emerged in a conjuncture when more and more people became critical of neoliberalism. In Bolivia, the early and always limited success of market reform had faded by the late 1990s, and further-reaching neoliberal promises and hopes of a significant, broad-based diminution of poverty had gone unfulfilled (Grindle 2003). In Venezuela, the very efforts to enact orthodox adjustment had elicited strong rejection and never allowed neoliberalism to be fully implemented.

The organization of the volume The book addresses the theoretical issues discussed so far through in-depth case studies of the four most prototypical leftist governments in Latin America. This examination starts with the most exciting yet also most controversial experiment undertaken by Latin America’s new left – the Bolivarian revolution in Venezuela. In Chapter 2, Javier Corrales offers a wide-ranging analysis and interpretation of the economic and political initiatives of the Chavez govern´ ment.

Also the need for a responsible economic policy that guarantees budget balance and other macroeconomic equilibria limits the resources available for new social programs. How, then, can Latin America’s contemporary left best seek to attain social improvements for the less well-to-do majority of the citizenry? Once again, the moderate and contestatory lefts have pursued distinct strategies. One main reason why the moderate left has acquiesced in the fundamental framework of the market system and has sought economic reforms inside these confines has been the hope to stimulate lasting economic development and thereby lay a sustainable foundation for social progress – directly by boosting employment and income growth among poorer sectors, and indirectly by increasing tax revenues.

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