La crisis de América Latina. ¿Consenso de Washington o crisis fiscal?
Luiz Carlos Bresser-Pereira
Pensamiento Iberoamericano - Revista de Economia Política, 19, 1991: 13-35. Corresponde à Aula Magna proferida na reunião anual da ANPEC, dezembro de 1990.
A systematic analysis of the Latin American crisis as a foreign debt and a fiscal crisis of the state crisis, and a critique of the Washington Consensus. This paper was my first critique of the Washington Consensus, and the basis for my chapter in the book with Przeworski and Maravall, Economic Reforms in New Democracies, "Economic Reforms and Economic Growth: Efficiency and Politics in Latin America".