JOURNAL ARTICLE

Leftist governments, distributive strategies, and the politics of balance of payments-constrained growth in Chile and Uruguay.

  • Published In: Competition & Change, 2025, v. 29, n. 3/4. P. 375 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Bogliaccini, Juan; Madariaga, Aldo 3 of 3

Abstract

The article examines how leftist governments in peripheral economies, specifically Chile and Uruguay, navigate growth and distributive strategies under balance-of-payments (BoP) constraints, which limit their ability to earn foreign exchange and influence macroeconomic policy. It identifies two distinct distributive strategies: Uruguay's neocorporatist policymaking, characterized by strong labor linkages and wage-led growth, and Chile's left-liberal approach, marked by weaker labor ties, reliance on consumer debt, and debt-led growth. The analysis highlights how institutional frameworks and societal coalitions shape these strategies, affecting each country's macroeconomic management and responses to external shocks. The article emphasizes the importance of considering both structural constraints and political agency, including institutional change, in understanding the diversity of growth models in peripheral economies.

Additional Information

  • Source:Competition & Change. 2025/07, Vol. 29, Issue 3/4, p375
  • Document Type:Article
  • Subject Area:Geography and Cartography
  • Publication Date:2025
  • ISSN:1024-5294
  • DOI:10.1177/10245294241237366
  • Accession Number:186497763
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