The Political Economy of Peripheral Growth: Chile in the Global Economy

Description

This book provides a political economy perspective on Chile’s contemporary economic development, explaining the different stages of Chile’s neoliberal pattern of economic integration into the global economy from 1973 to 2015. Three key explanatory variables are considered: the evolution of business-state relations, US geopolitical interest in the region through the waves of trade agreements, and the political impact of the dynamics of inflows and outflows of financial capital. Although Chile is typically considered to be a successful case of a free market economy, this book presents an alternative narrative of Chile’s growth through using a Latin American Structuralist political economy perspective. While it recognises the positive results in terms of growth, it also emphasises the lack of dynamic sources for long-term development, which embeds the economy into short-term booms followed by periods of stagnation. Front Matter ....Pages i-xiv Introduction (José Miguel Ahumada)....Pages 1-9 The Political Economy of Development and Integration: A Structuralist Perspective (José Miguel Ahumada)....Pages 11-47 Latin America Since the 1990s: Deindustrialization, Reprimarization and Policy Space Restrictions (José Miguel Ahumada)....Pages 49-72 The Chilean Military Dictatorship and the Origins of Peripheral Growth (José Miguel Ahumada)....Pages 73-103 The Rise and Fall of Peripheral Growth: Chile During the 1990s (José Miguel Ahumada)....Pages 105-154 Chile in the Road to the Commodity Boom: Deindustrialization Without Policy Space (José Miguel Ahumada)....Pages 155-191 Life After the Commodity Boom: The Structure of Contemporary Peripheral Growth (2011–2015) (José Miguel Ahumada)....Pages 193-227 Conclusions: The Mirages of the Miracle (José Miguel Ahumada)....Pages 229-240 Back Matter ....Pages 241-253