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john2072
Wysłany: Pon 3:47, 07 Mar 2011
Temat postu: The policies of import substitution
lvador
Allendewas promoted by domestic business elites threatened
by Allende’s drive towards socialism. It was backed by US
corporationsthe CIAand US Secretary of State Henry Kiss-
inger. It violently repressed all the social movements and political
7
Freedom’s Just Another Word.
organizations of the left and dismantled all forms of popular
organization (such as the community health centres in poorer
neighbourhoods). The labour market was ‘freed’ from regulatory
or institutional restraints (trade union powerfor example). But
how was the stalled economy to be revived? The policies of import
substitution (fostering national industries by subsidies or tari?
protections) that had dominated Latin American attempts at eco-
nomic development had fallen into disreputeparticularly in Chile
where they had never worked that well. With the whole world in
economic recessiona new approach was called for.
A group of economists known as ‘the Chicago boys’ because of
their attachment to the neoliberal theories of Milton Friedman
then teaching at the University of Chicagowas summoned to help
reconstruct the Chilean economy. The story of how they were
chosen is an interesting one. The US had funded training of
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http://www.chaykafest.com/forum/viewtopic.php?p=93999#93999
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