Theoretical and empirical considerations on the internationalization of the economy

In recent economic literature there is a tendency to identify the restructure-oriented development strategy with the neoliberal conception. The analysis of the experience of some countries, particularly those of the Southern Cone, which in the framework of internationalization processes followed the...

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Autores:: Blanco, Armando

Tipo de recurso:: Article of journal

Fecha de publicación:: 1992

Institución:: Universidad Nacional de Colombia

Repositorio:: Universidad Nacional de Colombia

Idioma:: spa

Description
Summary:	In recent economic literature there is a tendency to identify the restructure-oriented development strategy with the neoliberal conception. The analysis of the experience of some countries, particularly those of the Southern Cone, which in the framework of internationalization processes followed the liberalizing alignment, would be supporting this appreciation.The interna tionaliza tion of the economy can very well be framed, however, within different political modalities. It may be selective, with a control of the capital account, strategically planned through an institutional device and following a process of macroeconomical adjustment and stabilization, as shown by the successful experiences of the Pacific Basin countries. In this essay, which retakes some of the issues by heterodox economists of a neo-keynesian orientation, which are based on recent analyses on the perfomance of world's economy, it may be gathered not only that many of its proposals are consistent, but that, therefore, they may be used as a frame of reference for the analysis of the recent internationalization process of Colombian economy.

Theoretical and empirical considerations on the internationalization of the economy

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