Transcending Neoliberalism Essay Example | Topics and Well Written Essays - 250 words

Transcending Neoliberalism - Essay ExamplePopular and state mandated huge wage increase resulted to pompousness compounded by unchecked inflation in the 1980s. These economic policies also resulted in huge impertinent debts amounting to three fourths of its national output. It worsened when the state squeeze the peso to be equal to the dollar. The country bottomed out and defaulted on its debt in 2001 causing its President Adolfo Rodriguez to resign. Various economic policies were then adopted to relate the economy from debt restructuring to expansionary monetary and fiscal policies to checking inflation. To check inflation government held back exports. In 2012, Argentina restricted its import and adopted a tighten foreign currency control.Brazils economic policy on the other hand adopted an inward-oriented economy that boosted its global competitiveness. It adopted policies of sustainability and economic liberalization that win boosted its national competitiveness. It maintaine d a controlled inflationary rate, adopted a floating exchange rate and disciplined fiscal spending that further boosted its economy.Hall, Patrick and Hall, John. Argentinas Economic Policy Failing to Learn from History. Web. April 21, 2014