Economic Development Strategies in South America Essay by Research Group

Economic Development Strategies in South America
Examines economic strategies of structuralism, neo-liberalism and Marxism and how they are applied to three countries in South America.
# 26062 | 1,606 words | 7 sources | APA | 2002 | US

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Since World War II developing countries in South America have been provided with the option of adopting one of three different economic development strategies-- structuralism, neo-liberalism, and Marxism. This essay examines the economic and political results engendered by each approach and determines what these results suggest for future economic policy choices in the region. Three countries lend themselves to this analysis. Cuba, since the overthrow of the Batista regime and the establishment of Castro's Marxist government, has pursued economic development along Marxist lines. In Argentina a structuralist economic order under Juan Peron gave way to a neo-liberalist orientation. In Chile, a neo-liberal experiment between 1974 and 1990 took place and this experiment has led to structural change in the national economy.

From the Paper:

"Under Raul Alfonsin and the Radical Party, efforts to reconcile democratization with rapid development and social justice were largely frustrated by a succession of failed stabilization plans (Smith, 1991). A catastrophic economic collapse led to a convincing victory by Peronist Carlos Menem in the May 1989 presidential contest. This ushered in a wave of neoliberal, free market reforms designed to restructure the Argentine economy along the lines of a so-called Washington Consensus (Smith, 1999). In essence, Menem rejected the structuralist, populist, and statist postulates defended by Peronism since the 1940s."

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Economic Development Strategies in South America (2003, April 25) Retrieved March 08, 2021, from

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"Economic Development Strategies in South America" 25 April 2003. Web. 08 March. 2021. <>