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Reforms and growth: an analysis of Latin America's commercial opening in the 1990s

Grant number: 19/20424-6
Support type:Scholarships in Brazil - Master
Effective date (Start): January 01, 2020
Effective date (End): February 28, 2021
Field of knowledge:Applied Social Sciences - Economics
Principal Investigator:Mauro Rodrigues Jr
Grantee:Lucas Chang Carvalho Santana
Home Institution: Faculdade de Economia, Administração e Contabilidade (FEA). Universidade de São Paulo (USP). São Paulo , SP, Brazil

Abstract

In the late 1980s and early 1990s a series of economic policies were taken by Latin American countries to open their economy and in the hope to regain growth. However, this hope was dashed with the disappointing results of these countries in the 1990s. Contrary to what many authors argue, the increasing international insertion did not make these countries achieve satisfactory growth, on the contrary, they grew less than under the import substitution industrialization. The present work attempts to explain this result from a dynamic Heckscher-Ohlin model. (AU)