political economy – To Archeio https://toarcheio.org To Archeio project site Thu, 30 Apr 2020 11:27:41 +0000 en-GB hourly 1 https://wordpress.org/?v=5.4.1 Crisis Management and the Institutions of Austerity: A Comparison of Latin American and Greek Experiences https://toarcheio.org/items/crisis-management-and-the-institutions-of-austerity-a-comparison-of-latin-american-and-greek-experiences/ Tue, 16 Apr 2019 22:25:36 +0000 http://arc.local/items/crisis-management-and-the-institutions-of-austerity-a-comparison-of-latin-american-and-greek-experiences/ Continued]]> The proliferation of debt crises around the world since the 1980’s has generated debtrepayment negotiations prioritizing austerity in debtor countries. This forty-year history of debt crises in the Global South and North now allows comparison of these negotiations and their impacts. We examine the distinct and historically specific trajectories in Latin American and Greece, highlighting the foundations of each experience of debt crisis. We focus on the institutions responsible for managing crisis and their reliance on similar austerity strategies to compel debtor countries into a neoliberal restructuring of their economies. This paper examines the similarities and differences in austerity policy through a comparative-historical analysis of Latin American and Greek experiences of debt crisis. The results of such policies and the political actors involved in implementing austerity are also examined. © The Royal Netherlands Institute of Southeast Asian and Caribbean Studies (KITLV), Leiden, 2015.

]]> Portugal Is Not Greece: Policy Responses to the Sovereign Debt Crisis and the Consequences for the Portuguese Political Economy https://toarcheio.org/items/portugal-is-not-greece-policy-responses-to-the-sovereign-debt-crisis-and-the-consequences-for-the-portuguese-political-economy/ Tue, 16 Apr 2019 22:25:27 +0000 http://arc.local/items/portugal-is-not-greece-policy-responses-to-the-sovereign-debt-crisis-and-the-consequences-for-the-portuguese-political-economy/ Continued]]> This paper delineates the changing environment from a benevolent to a conditionality-oriented. It uses the case study of Portugal and the implementation of the austerity programme to show how a semi-peripheral country of the European Union (EU) reacted to this changed environment. The first section shows how the EU has become more divided due to the growing cleavage between rich and poor member states. This is followed by the section on the making of the growing tensions between the European partners and the International Monetary Fund. Subsequently, the semi-peripheral economy of Portugal is analysed, before the policy responses of the Portuguese government are presented.

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