The crises suffered by some Latin American countries have created an unfavorable environment for the economic reforms that were carried out in the continent since the late 1980s, especially against those included in the so-called "Washington Consensus". Within the different reforms applied, Chile, Brazil and Colombia stood out for showing good economic growth results. This paper focuses on the Colombian case, which is distinguished by harmoniously combining the objectives of fiscal adjustment, market liberalization, growth and social justice. The political and economic background of the measures are indicated and then reference is made to the change of model and its consequences for the private sector and the agricultural sector, poverty and income distribution, to finally conclude with some lessons from the Colombian experience and its differences with the neoliberal model and the policies proposed by the Washington Consensus.
Keywords:
Washington Consensus, Colombia, Economic Reforms, Latin America, Economic Models
Author Biography
Rudolph Hommes, Universidad de los Andes, Colombia
Hommes, R. (1997). Estado, mercado y cohesión social : reforma y ajuste al estilo colombiano. Estudios Internacionales, 30(119-120), p. 293–320. https://doi.org/10.5354/0719-3769.1997.15125
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