Makroökonomische Stabilisierung und Wirtschaftswachstum in Lateinamerika: Was bringt die Debatte über den Washington-Konsens?

This paper assesses to what extent the arguments put forward in the consensus debate can help explain the different economic performance of Latin American and Asian countries. The paper shows that Latin America and fast-growing Asia indeed differ significantly with respect to all economic policy areas under consideration. A comparison of these groups of emerging market economies can thus help develop a comprehensive development strategy for Latin America which should focus on four elements: priority for external stability, transfer of best-practice technologies, poverty alleviation, and institution-building.Makroökonomische Stabilität, Exportentwicklung, Ersparnis, Armutsbekämpfung, Humankapital, Institutionen, Lateinamerika, Asien