ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles by Henry VeltmeyerSubscribe to Henry Veltmeyer

Liberalisation and Structural Adjustment in Latin America-In Search of an Alternative

Liberalisation and Structural Adjustment in Latin America In Search of an Alternative Henry Veltmeyer The turn in economic policy in Latin America away from state intervention and towards the free market and associated institutional and structural reforms raises a number of critical questions which are briefly explored in this paper First, there is the issue of restoring growth under conditions of macro-economic equilibrium, the major stated objective of the structural adjustment programmes (SAPs) and the neo-liberal agenda. Second, there is the social dimension of SAPs, as even in the most successful cases of economic reform the social impact has been generally negative. The third dimension of SAPs identified and discussed here is the strategic (intellectual and political) response of groups and organisations in civil society. This issue is of critical importance in both theoretical and political terms, as it relates to the need to reformulate an alternative strategy to the SAP.
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