Concept information
Preferred term
Latin American political economy
Definition
- Latin America's political economy has been marked by major swings from outward-oriented, liberal trade policies in the late nineteenth and early twentieth centuries, to some of the most sustained efforts at import-substituting industrialization (ISI) in the mid-twentieth century, back to significant experiments in neoliberal, market-oriented reforms in the late twentieth century. Economic development strategy proved to be the most contested issue on the policy agenda in Latin America in the twentieth century. [Source: The Encyclopedia of Political Science; Latin American Political Economy]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/Latin_American_political_economy
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