Contemporary Latin American populism resulted from the combination of two factors: (1) an institutional environment that made political success possible and (2) an international commodities boom that raised government revenues and made populist rent seeking remunerative. Countries that adopted populist policies have seen declining institutional health (less economic freedom, less press freedom) and declining economic performance relative to others in Latin America.
Latin American Populism in the Twenty-First Century
By Nicolás Cachanosky, Alexandre Padilla
This
article
appeared in
the Fall 2019 issue of The Independent Review.
Other Independent Review articles by Nicolás Cachanosky | ||
Summer 2022 | Monetary Disorder in Buenos Aires Province, 18221881 | |
Winter 2017/18 | Money: Free and Unfree | |
Fall 2015 | Money, Banking, and the Business Cycle. Volume 1: Integrating Theory and Practice. Volume 2: Remedies and Alternative Theories | |
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