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State intervention and legitimation in the financial crisis: the case of semi-industrialized Latin American countries

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  • Pierre Salama

Abstract

Democratic regimes have substituted repressive political regimes in Latin America.They are now confronting extremely serious problems: social ínequality, financial crisis,both apparently without solution. The viability of increasing the strength of democracy isthe first subject of this paper. The second subject relates to the degree of state interventionunder these conditions. It argues that a reduction and a modification of the state structureare taking place. The financial crisis tends to accelerate this process. These two subjects,basis and fragility of democracy and the limits of the state intervention, are analysed in thelight of the “derivation theory”. JEL Classification: P16; P10; H10.

Suggested Citation

  • Pierre Salama, 1988. "State intervention and legitimation in the financial crisis: the case of semi-industrialized Latin American countries," Brazilian Journal of Political Economy, Center of Political Economy, vol. 8(4), pages 553-579.
    • Handle: RePEc:ekm:repojs:v:8:y:1988:i:4:p:553-579:id:1114
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    More about this item

    Keywords

    Role of the State; democracy; state derivation;
    All these keywords.

    JEL classification:

    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • P10 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - General
    • H10 - Public Economics - - Structure and Scope of Government - - - General

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