Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/63580
Authors: 
Rozenwurcel, Guillermo
Year of Publication: 
2006
Series/Report no.: 
Research Paper, UNU-WIDER, United Nations University (UNU) 2006/12
Abstract: 
After the Great Depression and throughout the rest of the twentieth century, Latin American countries basically approached economic development following two successive and quite opposed strategies. The first one was import substitution industrialization. The second was the so-called Washington Consensus approach. While the two views were founded on quite opposite premises, neither the import substitution industrialization nor the Washington Consensus managed to deliver sustained economic development to Latin American countries. Two domestic elements are crucial to understand this outcome. One is the failure of the state. The second is the inability to achieve mature integration into the world economy.
Subjects: 
Latin America
economic development
import substitution
role of the state
JEL: 
O11
O19
O54
O57
ISBN: 
9291907804
Document Type: 
Working Paper

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