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Lessons from the Southern Cone Policy Reforms (Inglés)

The article assesses the design of stabilization and liberalization programs in the Southern Cone countries of Argentina, Chile and Uruguay. With the exception of Chile, the reforms were not as widespread as some believed. Little trade liberalization took place in Argentina and Uruguay, although some of the antiexport bias was reduced by eliminating taxes on traditional exports. The main causes of the collapse of the three economies in the early 1980s...
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