When history repeats itself, the first time is a tragedy; the next is a farce.…
Neoliberalism, Investment and Growth in Latin America Jayati Ghosh and C.P. Chandrasekhar
The recent experience of most economies in Latin America contradicts the argument that neoliberal market-oriented policies are necessary for increasing investment and growth, even if they may have harmful effects on distribution and social sectors. This calls for a serious reconsideration of the idea that such policies are necessary for higher investment and more economic growth.
Neoliberalism (Download the full text in PDF format)