Following the debt crisis of the first years of the 1980s decade, there has been a worldwide trend towards economic liberalisation that has resulted in a shift in development strategy away from import-substitution and government expenditure to export-led growth. In Latin America, the change to a new economic model (NEM) has implied a drastic redefinition of the role of the state, a commitment to macroeconomic stability and the adoption of trade liberalisation as the way to achieve sustained economic growth. In some countries, these measures have also resulted in a redefinition of the strategy to combat poverty.
Weitere Kapitel dieses Buchs durch Wischen aufrufen
- Income Distribution and Poverty in Mexico
- Palgrave Macmillan UK
- Chapter 8
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