THE POLITICS OF FREEING MARKETS IN LATIN AMERICA Judith A. Teichman T H E P O L I T I C S O F CHILE F R E E I N G M A R K E T S ARGENTINA I N L AT I N A M E R I C A AND MEXICO TheUniversityof NorthCarolinaPress ChapelHillandLondon ©TheUniversityofNorthCarolinaPress Allrightsreserved DesignedbyHeidiPerov SetinBemboandOfficinaSans byTsengInformationSystems,Inc. ManufacturedintheUnitedStatesofAmerica Thepaperinthisbookmeetstheguidelinesforpermanence anddurabilityoftheCommitteeonProductionGuidelines forBookLongevityoftheCouncilonLibraryResources. -- Teichman,JudithA.,– ThepoliticsoffreeingmarketsinLatinAmerica: Chile,Argentina,andMexico/byJudithA.Teichman. p. cm. Includesbibliographicalreferences(p.)andindex. ---(cloth:alk.paper) ---(pbk.:alk.paper) .Freetrade—Politicalaspects—Chile. .Free trade—Politicalaspects—Argentina. .Freetrade— Politicalaspects—Mexico. .Democracy—Economic aspects—Chile. .Democracy—Economicaspects— Argentina. .Democracy—Economicaspects—Mexico. .Chile—Economicpolicy. .Argentina—Economic policy. .Mexico—Economicpolicy. I.Title. . '.'—dc Tothememoryofmyfather, William Charles Wells contents Preface xi AcronymsandAbbreviations xiii .PoliticsandMarketReforminLatinAmerica .SettingtheStage:HistoricalLegacies .TheInternationalContext:Policy-BasedLending, PolicyDialogue,andInternationalPolicyNetworks .MarketReforminChile: FromMilitaryRuletoConcertación .MarketReformandPoliticalTransitioninArgentina: FromMilitaryRuletoMenemismo .Mexico:MarketReforminan AuthoritarianLiberalizingRegime .ManagingthePoliticsof MarketReform .FreeingMarketsandFacingtheChallengesof Second-StageReform Appendix.Breakdownof Interviews Appendix.EconomicIndicators Appendix.WorldBankOfficialsWorkingon Chile,Argentina,andMexico,– Notes References Index tables ..KeyActorsinChile’sFirstPhaseof MarketReform ..EconomicPoliciesunderMilitaryRule,– ..EconomicPoliciesunderConcertación ..PolicyNetworksunderConcertación ..EconomicProgramsunderRaúlAlfonsín,– ..ArgentinePolicyNetworks ..EconomicReformunderCarlosMenem ..MeasuresConcentratingEconomicDecisionMaking ..EconomicProgramsinMexico ..MexicanPolicyNetworks,– ..ReformandStabilizationafterthePesoCrisis ..ThePoliticalManagementof LaborOpposition ..Second-StageMarketReformPolitics ..Historical,International,andDomesticDimensionsof Reform ..YearlyAverageAnnualGrowthRatesofperCapita, Mexico,Chile,andArgentina ..StateParticipationintheEconomy:TotalExpenditureand PublicDeficit/SurplusasPercentof ..UnemploymentRates,Mexico,Argentina,andChile ..RealIndustrialWageRates
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