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Did ISI fail and is neoliberalism the solution for Latin America? Re-assessing wisdom that is common financial policies in the area
Department of Political Science & Latin American Studies, Simon Fraser University, Burnaby, Canada.
The phase that is second of replacing Industrialization, popularly known as ISI2, involved the move around in Latin America to «heavy» industrialization, from around 1950-80. This era of financial history is reviled on both the Left and the best to be certainly one of either heightened dependency or one showing the clear failure of state intervention throughout the economy. In this research note, a simple analytical analysis is employed to back up other descriptive claims that the ISI2 period had been instead certainly one of blended success, with macroeconomic volatility associated great progress in GDP and manufacturing development. (más…)

