BRESSER-PEREIRA, LUIZ CARLOS; VARELA, CARMEN AUGUSTA - In: Journal of Post Keynesian Economics 27 (2004) 2, pp. 231-250
It took more than ten years for Latin America to overcome the debt crisis, which turned into a fiscal crisis of the state. Yet in the early 1990s, most of Latin America had undergone deep reforms (particularly trade liberalization and privatization), and, thanks to exchange rate devaluation and...