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

Transcending Neoliberalism - Essay ExamplePopular and defer mandated huge wage increase resulted to inflation compounded by unchecked inflation in the 1980s. These stinting policies also resulted in huge foreign debts amounting to three fourths of its national output. It worsened when the state forced 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. assorted economic policies were then adopted to resuscitate the economy from debt restructuring to expansionary monetary and fiscal policies to checking inflation. To check inflation governing body held back exports. In 2012, Argentina restricted its import and adopted a tighten foreign funds control.Brazils economic policy on the other hand adopted an inward-oriented economy that boosted its planetary competitiveness. It adopted policies of sustainability and economic liberalization that further boosted its national competitiveness. It ma intained a controlled inflationary rate, adopted a floating exchange rate and disciplined fiscal spending that further boosted its economy.Hall, Patrick and Hall, John. Argentinas sparing Policy Failing to Learn from History. Web. April 21, 2014