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An analysis of the failure of neoliberal market reforms in producing sustained growth in emerging markets. Focuses on problems with weak accountability institutions, and collusion between government and business, political patronage, and corruption - Provided by publisher
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"After a modest increase in Metro fares in Santiago, Chile, last October, twenty Metro stations were simultaneously set … protesters on the streets. The people of Chile were rejecting low pensions, highway tolls, school segregation, low …-quality education, and poor public-health services-the result of decades of neoliberalism. Chile was the prototype for neoliberal …
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After the 2001 crisis, Turkey continued to pursue a radical market-oriented reform strategy that followed the philosophy of the Washington Consensus. By the early 2000s the government had already liberalised the capital account, privatised many banks and enterprises, and kick-started the...
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This paper argues that an evolutionary approach to policy-making, which emphasizes openness to change and political variety, is particularly compatible with the central tenets of classical liberalism. The chief reasons are that classical liberalism acknowledges the ubiquity of uncertainty, as...
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