During the1990s, after the West imposed neoliberal structural adjustment policies on debtor countries seeking financial bailout following economic collapse and financial crisis, many people and experts criticized neoliberslism for being unduly harsh on socioeconomic conditions.
However, it now appears that these policies are beginning to bear fruit. Chile and mexico, the two countriesthat most deeply implemented neoliberalism, are both now macroeconomic success stories in the region.
But many citizens have been excluded from policy decisions and have been made to best a relatively disproportionately large burden if these reforms, leading to disillusion with their democratic political systems. What is needed now is for government to continue to craft policies aimed at bringing development and prosperity to those often neglected portions of the population, through programs like Bolsa Familiare.
Here's the BBC story:
http://www.bbc.co.uk/go/rss/int/news/-/news/business-12538168
Nick Harper
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