NEW-DEVELOPMENTAL THEORY (NDT)

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La crise de la Amérique Latine: Consensus de Washington ou crise budgétaire?

Luiz Carlos Bresser-Pereira

Problèmes d Amerique Latine no.1, nouvelle série, 1991: 81-98.

A systematic analysis of the Latin American crisis as a foreign debt and a fiscal crisis of the state crisis, and a critique of the Washington Consensus. This paper was my first critique of the Washington Consensus, and the basis for my chapter in the book with Przeworski and Maravall, Economic Reforms in New Democracies, "Economic Reforms and Economic Growth: Efficiency and Politics in Latin America".