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The Long Run Selected Development Indicators 19751995
The Institutional Shock of the Nineties
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above-mentioned achieved across-the-board adjustment analysis and/or Argentina Argentine economy Azpiazu basic behavior BID 802/OC-AR PID big business Brazil bubble Buenos Aires capital composition of government conglomerates consumers consumption boom costs countries currency board currency board scheme current account deficit cycle deregulation Desarrollo domestic downswing dynamic economic elite efficient employment especially Esser exports external fact figures firms fixed exchange rate foreign sector constraint government revenue Heymann hyperinflation impact imports income distribution increase industrial interest rates investment labor Latin American long-term macro macroeconomic ment MERCOSUR meso meta level monetary negative neoconservative neoliberal neoliberal policies nineties Nochteff nomenklatura nomic non-tradables oligopolistic period political positive privatization process problem production profits progressive taxes public services quasi-rents ratio reform regressive relative prices result Section SMEs social actors stabilization stagnation structure sustained systemic competitiveness Table technological tion TNCs tradables trade liberalization trends unemployment rate upswing phase Washington Consensus