LA ECONOMIA POLITICA DE LAS REFORMAS ECONOMICAS EN LA ARGENTINA

In 1989, Argentina entered a process of sweeping transformations of its economic institutions, which have provided for the recovery of economic growth and the taming of inflation. The Argentine experience with market oriented reforms has been regarded by the literature as a salient case of radical a...

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Autores principales:	BAMBACI,JULIANA, SARONT,TAMARA, TOMMASI,MARIANO
Lenguaje:	English
Publicado:	Instituto de Economía, Pontificia Universidad Católica de Chile 2000
Materias:	Political economy economic reforms Argentina vote buying
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0717-68212000011200004
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spelling	oai:scielo:S0717-682120000112000042002-04-30LA ECONOMIA POLITICA DE LAS REFORMAS ECONOMICAS EN LA ARGENTINABAMBACI,JULIANASARONT,TAMARATOMMASI,MARIANO Political economy economic reforms Argentina vote buying In 1989, Argentina entered a process of sweeping transformations of its economic institutions, which have provided for the recovery of economic growth and the taming of inflation. The Argentine experience with market oriented reforms has been regarded by the literature as a salient case of radical and `unconstrained' reform. Yet, a closer scrutiny of the process and of its outcomes portrays that the building and maintenance of a pro-reform coalition determined the pace, depth and characteristics of the `new economic institutions'. The idiosyncrasies of Argentina's political institutions in turn conditioned this coalition-building strategy. The argument we present in this paper is twofold. On the one hand, we contend that the 1989 economic crisis provided the incentives that led President Carlos Menem to initiate the reforms, and triggered a series of "delegation" patterns conductive to the adoption of a reformist agenda. On the other hand, we assert that the political and institutional process of implementing these reforms has left a heavy imprint on the outcomes. Even in the framework of a favorable partisan composition of the institutional structure, and with high concentration of political power, the coalition that combined economic interest groups with the electoral support of the peronist party set limits to the reforms. These limits were translated in concessions of design and sequencing, as well as in the use of signaling, exchanges and compensations that fostered the adoption and implementation of the agenda. Though many of the features associated with a state-led development model were dismantled, some `illiberal enclaves', such as the heavily regulated labor market, and provincial economies, survived. More so, we contend that it was through its the maintenance that the core of the reforms -privatization, liberalization and convertibility-, were made viable politicallyinfo:eu-repo/semantics/openAccessInstituto de Economía, Pontificia Universidad Católica de ChileCuadernos de economía v.37 n.112 20002000-12-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0717-68212000011200004en10.4067/S0717-68212000011200004
institution	Scielo Chile
collection	Scielo Chile
language	English
topic	Political economy economic reforms Argentina vote buying
spellingShingle	Political economy economic reforms Argentina vote buying BAMBACI,JULIANA SARONT,TAMARA TOMMASI,MARIANO LA ECONOMIA POLITICA DE LAS REFORMAS ECONOMICAS EN LA ARGENTINA
description	In 1989, Argentina entered a process of sweeping transformations of its economic institutions, which have provided for the recovery of economic growth and the taming of inflation. The Argentine experience with market oriented reforms has been regarded by the literature as a salient case of radical and `unconstrained' reform. Yet, a closer scrutiny of the process and of its outcomes portrays that the building and maintenance of a pro-reform coalition determined the pace, depth and characteristics of the `new economic institutions'. The idiosyncrasies of Argentina's political institutions in turn conditioned this coalition-building strategy. The argument we present in this paper is twofold. On the one hand, we contend that the 1989 economic crisis provided the incentives that led President Carlos Menem to initiate the reforms, and triggered a series of "delegation" patterns conductive to the adoption of a reformist agenda. On the other hand, we assert that the political and institutional process of implementing these reforms has left a heavy imprint on the outcomes. Even in the framework of a favorable partisan composition of the institutional structure, and with high concentration of political power, the coalition that combined economic interest groups with the electoral support of the peronist party set limits to the reforms. These limits were translated in concessions of design and sequencing, as well as in the use of signaling, exchanges and compensations that fostered the adoption and implementation of the agenda. Though many of the features associated with a state-led development model were dismantled, some `illiberal enclaves', such as the heavily regulated labor market, and provincial economies, survived. More so, we contend that it was through its the maintenance that the core of the reforms -privatization, liberalization and convertibility-, were made viable politically
author	BAMBACI,JULIANA SARONT,TAMARA TOMMASI,MARIANO
author_facet	BAMBACI,JULIANA SARONT,TAMARA TOMMASI,MARIANO
author_sort	BAMBACI,JULIANA
title	LA ECONOMIA POLITICA DE LAS REFORMAS ECONOMICAS EN LA ARGENTINA
title_short	LA ECONOMIA POLITICA DE LAS REFORMAS ECONOMICAS EN LA ARGENTINA
title_full	LA ECONOMIA POLITICA DE LAS REFORMAS ECONOMICAS EN LA ARGENTINA
title_fullStr	LA ECONOMIA POLITICA DE LAS REFORMAS ECONOMICAS EN LA ARGENTINA
title_full_unstemmed	LA ECONOMIA POLITICA DE LAS REFORMAS ECONOMICAS EN LA ARGENTINA
title_sort	la economia politica de las reformas economicas en la argentina
publisher	Instituto de Economía, Pontificia Universidad Católica de Chile
publishDate	2000
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0717-68212000011200004
work_keys_str_mv	AT bambacijuliana laeconomiapoliticadelasreformaseconomicasenlaargentina AT saronttamara laeconomiapoliticadelasreformaseconomicasenlaargentina AT tommasimariano laeconomiapoliticadelasreformaseconomicasenlaargentina
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LA ECONOMIA POLITICA DE LAS REFORMAS ECONOMICAS EN LA ARGENTINA

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