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Challenging triumphalism and convergence: the limits of global liberalization in Asia and Latin America

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UNSPECIFIED (2000) Challenging triumphalism and convergence: the limits of global liberalization in Asia and Latin America. In: Conference on After Liberalism, FLORENCE, ITALY, SEP, 1998. Published in: REVIEW OF INTERNATIONAL STUDIES, 26 (3). pp. 359-379. ISSN 0260-2105.

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Abstract

The economic crises in 1997-9 in Asia, Brazil and elsewhere represent collectively the first post-Cold War 'crisis of globalization', and a significant set-back for the process of international economic liberalization. Contrary to some arguments, the crises do not represent the final ideological triumph of liberalism in a post-Cold War era. Rather they must be seen as a further spur to rethinking significant aspects of the neoliberal project. A comparative analysis of Asia and Latin America in this context demonstrates that while trade liberalization and a broad neoliberal economic strategy are unlikely to be abandoned, there is strong evidence that the tide of capital account liberalization has turned, and that emerging 'sites of resistance' are becoming salient factors in the political equation in the relationships of both regions to the wider global economy. Asian and Latin American responses to the crisis of globalization refute notions of convergence, on which many recent conceptions of the global political economy have rested, and point to the emergence of a genuine contestation of policy ideas that will have significant implications for the future management of the global economic order.

Item Type: Conference Item (UNSPECIFIED)
Subjects: J Political Science > JZ International relations
Journal or Publication Title: REVIEW OF INTERNATIONAL STUDIES
Publisher: CAMBRIDGE UNIV PRESS
ISSN: 0260-2105
Official Date: July 2000
Dates:
DateEvent
July 2000UNSPECIFIED
Volume: 26
Number: 3
Number of Pages: 21
Page Range: pp. 359-379
Publication Status: Published
Title of Event: Conference on After Liberalism
Location of Event: FLORENCE, ITALY
Date(s) of Event: SEP, 1998

Data sourced from Thomson Reuters' Web of Knowledge

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