The Contradictions and Transformations of Neoliberalism in Latin America: From Structural Adjustment to “Empowering the Poor”

Abstract

The paper analyzes the economic and trade policies adopted by the string of newly elected left-leaning governments after nearly two decades of strong neoliberal hegemony in Latin America. We assume that the discussion of what this form of post-neoliberalism has to offer is in great part due to the content of its economic policies. By dissecting these economic and trade policies, we discuss the extent of the shift and point to the inherent contradictions and limitations of these post-neoliberal governments. We analyze how their policies straddle with the tensions and limitations inherited from neoliberalism while at the same time; make an effort to revive some leftist aspirations and goals. Beyond the manifold differences, the picture drawn shows the emergence of a fresh ideational disposition characterized by the emergence of a pragmatic belief in a role for state management and a search for a new social contract anchored in prudent macroeconomics. ..PAT.-Unpublished Manuscript