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Towards Post-neoliberal Resource Politics? The International Political Economy (IPE) of Oil and Copper in Brazil and Chile

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  • Jewellord Tolentino Nem Singh

Abstract

The contemporary commodity boom is unprecedented in two ways. On the one hand, it takes place against the backdrop of the failure of neoliberal policies to achieve stable economic growth in Latin America. On the other hand, Left-of-centre governments, which have now been in power for over a decade, are designing new strategies to manage the increase in export earnings accrued from sustained international demand for commodities. In particular, Brazil and Chile have undergone significant market opening reforms in their resource sectors, yet persistent state ownership and the dominant role of state enterprises in key extractive industries continue to characterise their growth models. This article explains this puzzle through the application of Mahoney and Thelen's (2010) historical institutionalist framework on incremental change. In so doing, it offers a process-oriented approach in exploring how resource wealth under certain economic and political conditions provides leverage for states to promote economic development. In sum, the article hopes to contribute to the literature on neoliberal and post-neoliberal political economies in Latin America.

Suggested Citation

  • Jewellord Tolentino Nem Singh, 2014. "Towards Post-neoliberal Resource Politics? The International Political Economy (IPE) of Oil and Copper in Brazil and Chile," New Political Economy, Taylor & Francis Journals, vol. 19(3), pages 329-358, May.
    • Handle: RePEc:taf:cnpexx:v:19:y:2014:i:3:p:329-358
    DOI: 10.1080/13563467.2013.779649
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    References listed on IDEAS

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    1. Ha-Joon Chang, 2007. "State-Owned Enterprise Reform," Policy Notes 4, United Nations, Department of Economics and Social Affairs.
    2. Waterbury,John, 1993. "Exposed to Innumerable Delusions," Cambridge Books, Cambridge University Press, number 9780521434973, November.
    3. Waterbury,John, 1993. "Exposed to Innumerable Delusions," Cambridge Books, Cambridge University Press, number 9780521435499, November.
    4. Armando Castelar Pinheiro & Regis Bonelli & Ben Ross Schneider, 2004. "Pragmatic Policy in Brazil : the political economy of incomplete market reform," Discussion Papers 1035, Instituto de Pesquisa Econômica Aplicada - IPEA.
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    Cited by:

    1. Paul Alexander Haslam, 2016. "Overcoming the Resource Curse: Reform and the Rentier State in Chile and Argentina, 1973–2000," Development and Change, International Institute of Social Studies, vol. 47(5), pages 1146-1170, September.

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