Article

Political Institutions, Policymaking, and Economic Policy in Latin America

Martín Ardanaz, Carlos Scartascini and Mariano Tommasi

in The Oxford Handbook of Latin American Economics

Published in print July 2011 | ISBN: 9780199571048
Published online September 2012 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780199571048.013.0003

Series: Oxford Handbooks in Economics

 Political Institutions, Policymaking, and Economic Policy in Latin America

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This chapter presents a brief and selective overview of some themes in the political economy of policymaking in Latin America. The first section reviews some of the key contributions to the study of the political economy of Latin America during its major phases of economic and institutional development. The rest of the chapter focuses on a strand of recent research that concentrates on actual decision and implementation processes, and on the political institutions and state and social actors involved in those processes. On the one hand, it is important to emphasize the importance of home-grown development strategies adapted to each country's institutional capabilities. On the other, after two decades of democratic practice, it is plausible to rely on deeper knowledge about the inner workings of democratic institutions to understand the actual functioning of the policymaking process in each country.

Keywords: political economy; Latin America; democratic institutions; institutional development; policymaking

Article.  11475 words. 

Subjects: Economics ; Public Economics ; Economic Development and Growth

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