Ajustamento da América Latina: crítica ao modelo de Washington

Abstract

This articles presents a comprehensive analysis of the Latin American adjustment experience during the eighties and early nineties. The adjustment programs applied by the international financial institutions have solved some problems but created new ones. In the vast majority of countries, economic growth is slower and inflation is higher than in the sixties and seventies. There was a major increase in the incidence of poverty and income distribution became worse. The statistical evidences indicate that the adjustment agenda applied by the " Washington Consensus" is technically inefficient and politically inadequate.