StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Transcending Neoliberalism - Essay Example

Cite this document
Summary
Argentina was recently in the news for its protest about its unbearably difficult economy while Brazil is considered as the rising stars being a member of BRIC…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER91.2% of users find it useful
Transcending Neoliberalism
Read Text Preview

Extract of sample "Transcending Neoliberalism"

Teacher Compare and contrast the economic policies of Brazil and Argentina and the results of these policies Argentina and Brazil are two contrasting economies in Latin America that both hit the headlines. Argentina was recently in the news for its protest about its unbearably difficult economy while Brazil is considered as the rising stars being a member of BRIC economies. Argentina’s deteriorated economy can be attributed to the combination of political instability and adopting a series of populist economic policies that dragged the economy of the country down.

First is its import substitution policy to encourage industrial growth but in the process denied capital for agricultural production displacing workers and output dramatically. Popular and state mandated huge wage increase resulted to inflation compounded by unchecked inflation in the 1980s. These economic policies also resulted in huge foreign debts amounting to three fourths of its national output. It worsened when the state forced the peso to be equal to the dollar. The country bottomed out and defaulted on its debt in 2001 causing its President Adolfo Rodriguez to resign.

Various economic policies were then adopted to resuscitate the economy from debt restructuring to expansionary monetary and fiscal policies to checking inflation. To check inflation government held back exports. In 2012, Argentina restricted its import and adopted a tighten foreign currency control. Brazil’s economic policy on the other hand adopted an inward-oriented economy that boosted its global competitiveness. It adopted policies of sustainability and economic liberalization that further boosted its national competitiveness.

It maintained a controlled inflationary rate, adopted a floating exchange rate and disciplined fiscal spending that further boosted its economy.Work CitedHall, Patrick and Hall, John. Argentina’s Economic Policy: Failing to Learn from History. Web. April 21, 2014 http://www.internationalpolicydigest.org/2012/03/28/argentinas-economic-policy-failing-to-learn-from-history/

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Transcending Neoliberalism Essay Example | Topics and Well Written Essays - 250 words”, n.d.)
Transcending Neoliberalism Essay Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/history/1641241-transcending-neoliberalism
(Transcending Neoliberalism Essay Example | Topics and Well Written Essays - 250 Words)
Transcending Neoliberalism Essay Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/history/1641241-transcending-neoliberalism.
“Transcending Neoliberalism Essay Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/history/1641241-transcending-neoliberalism.
  • Cited: 0 times

CHECK THESE SAMPLES OF Transcending Neoliberalism

Globalization and neoliberalism

The author of this essay under the title "Globalization and neoliberalism" focuses on the social issues of globalization and neoliberalism.... Reportedly, the American Indian culture is grounded on neoliberalism and globalization principles.... Under neoliberalism, the American Indians must implement economic theories to survive.... Under neoliberalism, the American Indians must implement economic theories to survive....
2 Pages (500 words) Essay

Neoliberal Rules in Society

Name: Institution: Course: Tutor: Date neoliberalism Introduction In the conclusion of her book Rights in Rebellion: Indigenous Struggle and Human Rights in Chiapas, Shannon Speed argues that although human rights discourse can help reproduce neoliberal rule, it can also serve as a tool of resistance to the neoliberal state and the new global order (Speed, p.... One characteristic of neoliberalism is that it has a cultural system....
3 Pages (750 words) Essay

Neoliberalism as the First Instance of a Conjecture of Political-Economic Observation

Name: Date: Course: Professor: Neo-liberalism is the first instance a conjecture of political economic observation that proposes that well-being of individuals can be advanced by freeing individual entrepreneurial freedoms and skills within an institutional framework characterized by strong private property rights, free trade and free markets....
6 Pages (1500 words) Essay

The Rise of Neoliberism

There arose a dogma that is seldom referred to by its name of neoliberalism, that became increasing popular as a counter-revolution to the communist ideology and the centralised economic system.... neoliberalism, in its basic form, is a movement that encourages a reversion to the economic policies of the 18th and the 19th centuries, and foresees economic liberty and political development as its consequences (Wikipedia 2007)....
4 Pages (1000 words) Essay

Globalization and Neoliberalism

The paper "Globalization and neoliberalism" highlights that John Clarke, Stuart Hall, and other theorists belonging to the Birmingham school emphasized the American Indians create a unique culture by setting up social rituals which underpin their collective identity and define them as a group.... Under neoliberalism, the American Indians must implement economic theories to survive.... The American Indian culture is grounded on neoliberalism and globalization principles....
2 Pages (500 words) Essay

The Culture of Capitalism Does Not Help Our Ability to Live in a Multicultural World

Therefore, what is more, important is a notion of the common good to any political society; from a multicultural perspective, this common good must be generated not by transcending or ignoring cultural and other differences, but through their interplay in a dialogical, agonistic political life (Allan 52)....
4 Pages (1000 words) Essay

Neoliberalism, growth and Accumulation

By the 1970s, neoliberalism was increasingly becoming the prominent governance form in many economies of the world with its political ideals of liberating markets from governmental influences and interferences (Kotz, 2002).... Seen as another way of looking at finance-led capitalism, neoliberalism was adopted in the place of capitalism after 1978.... neoliberalism came into being as a theory of political-economic practices founded on the notion that the well-being of humans will be guaranteed when individual entrepreneurial skills and freedoms are liberated in institutional frameworks with private property rights and free markets (Harvey, 2005)....
4 Pages (1000 words) Essay

Comparison of Neoliberalism and Structural Realism

The paper "Comparison of neoliberalism and Structural Realism" explains that neoliberalists and structural realists are the same because they believe that anarchy is an organizing principle in international relations, but neoliberalists believe that international cooperation is possible.... hellip; Sharing information is important to neoliberalism because it is one of their assumptions that states avoid the temptation to cheat by sharing quality information, which has positive political effects....
1 Pages (250 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us