Kingstone's Neoliberalism In Latin America
Kingstone would argue that neoliberalism has not lived up to the expectations for spurring development in Latin America. Right from the outset, Kingstone acknowledges that the issue is complex, and that there are a number of contributing factors to this failure. The book attempts to delve into why neoliberalism has failed. Kingstone notes that in particular, solutions attempted during the past few decades have not paid enough attention to the role of the state in the development of the economy. The role of the state is critical, and the unique nature of Latin American states means that even if neoliberal strategies work well in other parts of the world, they may not work in Latin America. Neoliberalism, thus, needs to be adapted for the conditions of Latin America, rather than imposed upon the region with any consideration for its uniquenesses.
A supporter of neoliberalism would not argue with the contention that it has worked, unless they wanted to point out some of the anecdotal success stores. But more reasonably, a supporter of neoliberalism would argue that the approach to economic development should not take into account the nature of government in Latin America, because that nature is part of the problem. The neoliberal system is not what needs adjusting, but rather the state systems. Issues like the lack of infrastructure, corruption, and lax enforcement of laws all contribute to the development issues that Latin America faces.
1b. Opponents of neoliberalism will point less towards the institutions that get in the way of...
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