da Silva, PP orcid.org/0000-0002-2469-0996 (2023) Post-neoliberalism and capital flow management in Latin America: assessing the role of social forces. Journal of International Relations and Development, 26 (1). pp. 30-60. ISSN 1408-6980
Abstract
This article discusses why Latin American post-neoliberal parties have varied in their strategies of capital flow management. In brief, I propose that two complementary channels favor the pursuit of heterodox strategies: high degree of pressure from popular sectors that push for an immediate macroeconomic reorientation, and strategic allies among economic elites that mitigate the credibility losses associated with this decision. The comparative case-study on Argentina under Kirchnerism (2003-2015) and Brazil under the Workers’ Party (2003-2016) provides support for this argument. In the former case, the ruling party had to address the demands from strong and autonomous unions and social movements, while counting on a strategic alliance with domestic manufacturing producers. In the latter, conversely, the governing party lacked strategic allies among economic elites and could overlook the agenda of weak and subordinate popular organisations. In other words, both popular and elite channels favored the adoption of a heterodox strategy of capital flow management by Kirchnerism, while neither of them did in the case of the Workers’ Party. In Argentina, the option for heterodoxy also contributed to the repoliticisation of capital flow management by returning the visibility of this policy issue and impelling policymakers to go beyond technocratic discourses.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © Springer Nature Limited 2022. This is an author produced version of an article, published in Journal of International Relations and Development. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | Argentina; Brazil; capital flow management; heterodox economics; post-neoliberalism; politicisation |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > Economics Division (LUBS) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 14 Nov 2022 15:55 |
Last Modified: | 08 Nov 2023 14:42 |
Status: | Published |
Publisher: | Palgrave Macmillan |
Identification Number: | 10.1057/s41268-022-00272-0 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:193154 |