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SUMMARY:Cultures of capitalisms in Argentina and Chile - Tomas Undurraga
DTSTART:20110531T121000Z
DTEND:20110531T130000Z
UID:TALK30399@talks.cam.ac.uk
CONTACT:Dr Anke Plagnol
DESCRIPTION:On the surface\, the political economies of Argentina and Chil
 e appear to be quite similar. The World Bank classifies both countries as 
 upper-middle income economies\, both were upheld as poster children of ‘
 Washington Consensus’ policies after implementing neoliberal market refo
 rms\, and both pursued strategies of de-industrialisation and development 
 based on agricultural exports. \n\nDespite these similarities\, the market
  models implemented by these two countries are rather different. In Chile\
 , neoliberalism is entrenched within the social structure\, such that ther
 e is minimal public critique of the national economic model. By contrast\,
  neoliberal policies have come under severe scrutiny in Argentina\, especi
 ally in the wake of the 2001 crisis. The state has taken a more interventi
 onist role in national markets and has also become more involved in mediat
 ing relations between capital and labour. Discussing Schneider and Soskice
 ’s (2009) vision of a common ‘hierarchical market economy’ that char
 acterises Latin America\, I will argue that social\, institutional\, and c
 ultural differences largely explain the divergent market models developed 
 in Argentina and Chile. This is evident through the differing attitudes to
 wards the role of business and its relations with workers and the state in
  the two countries\, as well as divergent management practices and busines
 s cultures. By shedding light on different cultures of capitalisms and mar
 ket regulation in Latin America\, this presentation aims to challenge the 
 common perception of a convergent model of capitalism across the region. 
LOCATION:Entertaining Room\, Darwin College
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