The central question is how deep is the impact of the 2008 global crisis in Ecuador, Brazil and Mexico? Since the beginning of the crisis, researches have examined the causes, consequences and circumstances of it. What is so unique in the analysis, which the reader will find in this volume? First of all, the uniqueness of this book is in the comparison of three Latin American countries: Ecuador, Brazil and Mexico. Second, a multidisciplinary approach to analyze the crisis was implemented. Not only the economic issue, but also the social implications will be presented. Third, the uniqueness of the analysis of three cases is in the different perspectives and focuses. Fourth, very few analyses focus on the social inequality and poverty during the 2008 crisis.
Latin American countries have been characterized by persistence of inequality, poverty and income concentration for decades, even for centuries. Most of these countries implemented the neoliberal structural polices in the 1980s. Privatization, deregulation and liberalization of macroeconomic policy constituted these neoliberal reforms. However, Ecuador, Brazil and Mexico have instituted different concepts of social and economic development during the last decade. These differences were also perceived during the time of crisis including the implementation countercyclical measures in 2008. In Ecuador, president Rafael Correa implemented the “social anti-neoliberal” policy. In Brazil, the “progressive” social and economic policy was instituted by president Luiz Inácio Lula da Silva (2003-2011) and carried out by president Dilma Rousseff. In...
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