Show Less
Restricted access

Poverty and Inequality in Ecuador, Brazil and Mexico after the 2008 Global Crisis

Series:

Lukasz Czarnecki, Erik Balleza and Mayra Saenz

How deep is the impact of the 2008 global crisis on Ecuador, Brazil and Mexico? Although having similar experience with the policies of the Washington Consensus, Ecuador, Brazil and Mexico have established different concepts of social and economic development during the last decade. These differences could also be observed during and after the global crisis in 2008. In contrast to the social anti-neoliberal policy implemented in Ecuador and the progressive social and economic policy in Brazil, Mexico has been carrying out the policy of continued neoliberalism. One of the conclusions drawn is that Mexico faces abysmal inequalities and persistence of poverty, which are not only explicated by historical roots, but also by strong applications of neoliberal policies.
Show Summary Details
Restricted access

Part I

Extract



Introduction

Lukasz Czarnecki

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...

You are not authenticated to view the full text of this chapter or article.

This site requires a subscription or purchase to access the full text of books or journals.

Do you have any questions? Contact us.

Or login to access all content.