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p. 985. Neoliberalism in Latin America and Africalocked

  • Manfred B. Steger
  •  and Ravi K. Roy


‘Neoliberalism in Latin America and Africa’ examines the impact of the Washington Consensus on Latin America and Africa. This reveals similar patterns and outcomes. Market-oriented reform in this region is needed to produce sustained economic growth and to lift may millions of people out of poverty. The IMF and World Bank linked their financial assistance to structural assistance programmes anchored in a single economic prescription. As the examples of Chile, Argentina, and Ghana show however, not all markets work in exactly the same way and seeking structural reforms to achieve this requires rethinking of these strategies.

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