Neoliberalism in Chile

Author(s):  
Alison J. Bruey

Chile was one of the first countries in the world to undergo a transition to neoliberalism. Neoliberalism became official state policy in 1975, during the Pinochet dictatorship (1973–1990), during which time it generated two deep economic crises and historicall high unemployment. Since 1990, civilian administrations have continued to administer the neoliberal model, popularly referred to as el modelo, with selective reforms. Despite economic growth and reductions in poverty rates since 1990, el modelo has become ever more controversial. In the 21st century, public protest has increased as broad sectors of society negatively affected by the privatization of education, healthcare, and pension systems, among other ills, have organized collectively to express their discontent.

2017 ◽  
Vol II (1) ◽  
pp. 44-56
Author(s):  
Haseeb Ur Rehman Warrich ◽  
Muhammad Rehman ◽  
Sahrish Jamil

No other element impacted the historical conditions of the preceding 100 years to such an extent as the war to secure and control the world's reserves of petroleum. Sustainable economic growth after 1873, that discouraged British Empire, arose mechanical economies in Europe. Central Asia remained the object of rivalries and machination by the giant countries of the Europe. World Domination Games started from Pillage Games that lead towards many “Games” such as Great Game, New Great Game, Game Changer and New Game Changer. All prefect countries desire to have a control over the world for the last two centuries. Their efforts turn into numerous clashes and clashes led towards wars. In the twentieth century wars transformed not only their names but also their genetics that has profound impact on the 21st Century. This laid foundation of the emerging new superpowers in every century.


Funded pension systems around the world have long relied on relatively high and predictable long-term capital market returns. Yet these retirement systems confront a key challenge today, namely, how to deal with what appears to be persistently low returns on bonds and equities. For this reason, it will be prudent, and probably necessary, for insurers, plan sponsors, workers, retirees, and policymakers to take concrete steps to prepare for these lower long-term expected rates of return to retirement wealth. In fact, as we show in this volume, a persistent low-interest-rate economy will compel many to revisit how much they save, how they invest, and how long they can afford to live in retirement. Academics, policymakers, and industry leaders debate alternative strategies to cope with these challenges globally, as economic growth remains slow and low returns become the ‘new normal.’


2020 ◽  
Vol 41 (4) ◽  
pp. 233-248
Author(s):  
Monika Czechowska

Criminal law in a totalitarian state — a North Korean case studyIt is hard to imagine that in the 21st century there is a state in which a joke, a yawn during a political speech or singing pop songs is punishable by death, and for accidentally breaking the bust of the chief, putting newspaper with his image on the floor or other manifestations of “disobedience” one can be sent to a concentration camp with one’s whole family — three generations back. Meanwhile, it is not just an Orwellian vision of the world, but the North Korean reality.This article aims to analyze the North Korean penal code and, consequently, to find the answer to the question of whether criminal law in the Democratic People’s Republic of Korea is an instrument of a totalitarian state policy and, if so, of what kind.


Pedagogika ◽  
2018 ◽  
Vol 130 (2) ◽  
pp. 5-31
Author(s):  
Ramutė Bruzgelevičienė

The article continues the analysis of the problem of tensions between the modelled direction and the context in education in Lithuania in the stage of its development in the second decade of the 21st century. The selected aspect – the opportunity for the transformational purpose of education declared in documents on education while social groups assess education unfavourably. The research question – why are there tensions between the declared transformational purpose of education and the context of development of education. The research is based on the qualitative methodology of documentary analysis: purposefully selected document sources of discourse on educational matters are analysed. Data analysis and interpretation and discussion of approaches by comparing them with theoretical perceptions and insights of researchers lead to conclude the following: All approach coalitions analysed in the discourse recognise transformational impact of education as a system on an individual and society, but treat the content of the impact completely differently. The representatives of business and politics coalitions rely in the discourse on the perceptions of education as socialisation and development of society as economic growth, therefore they would consider education good, if individuals were formed in accordance with the requirements of the business coalition, with no opportunities to choose the learning area, provision of knowledge of exact sciences, digital literacy and entrepreneurship required for economic growth rates, training the capacity to sell skills, instilling values and behavioural models for taking care of oneself, so that young people would as soon as possible be able to become the quality “human capital” creating added value, while the education system and policy would serve business and industrial development. This discourse coalition uses pervading economic criteria in assessing the intellectual resources and processes of education, and educational outcomes, and would use these criteria for modelling further direction of teaching individuals and developing education. Individual participants of discourse who by their occupation belong to the business coalition are guided by the perception of the development of society as long-term sustainable progress, i.e. they assess not only economic growth, but also the distribution of goods resulting from sustainable progress and the stability of progress. Although individual approaches do not represent a strong position in assessing education, their concepts serve the basis for raising the problem of equality of income and opportunities in society, which has a significant impact on educational outcomes: income inequality causes inequality of opportunities due to which some part of the youth is socially marginalised or is forced to emigrate. The discourse coalition of philosophers, sociologists, and psychologists relies on the perception of education as empowerment of an individual and as personal liberation, development of society as increasing choice opportunities and the process of revealing the capacity to form the world. Approaches of this coalition focus on the humanist relationship with the growing individual as the perspective of the nation, on a human being nurtured on the humanist level as a civic, thinking, creative and democratic individual, on the cognition of the world as an intrinsic value and as the way to search for intelligence, on knowledge which serves values, and also on many other values which essentially represent the provisions of educational policies adhered to in Lithuania in the second decade of the 21st century. Tensions between the provisions modelled in education and the understanding of the role of education in society, assessment of the condition of education, and further direction in which education should develop during the period researched by groups implementing education policy and different groups of society occur due to conflicting theoretical concepts, on which individual groups of society rely.


2019 ◽  
Vol 07 (04) ◽  
pp. 1926-1935
Author(s):  
Yitian Lyu ◽  
Chenrui Zhang

2018 ◽  
pp. 30-47 ◽  
Author(s):  
Y. A. Danilov ◽  
D. A. Pivovarov

The article examines the financial structure of Russia. A retrospective analysis of the concept of financial development in the world economic science was conducted. To calculate the quantitative characteristics of Russia’s financial structure, both the indicators from international practice and the original ones supplementing them were used. The analysis of the influence of the financial structure on economic growth was conducted, on the basis of which the conclusion was made about the need to implement state policy aimed at achieving an outstripping growth of the non-banking financial sector. The reasons for this conclusion are given in the discussion of the results.


Author(s):  
Peter Krasnopyorov ◽  

The article is analyzing the models of state regulation of the economy of Indonesia throughout the Asian financial economic crisis of 1997-98 and the World economic crisis of 2008-09 and the effects on the national economy of Indonesia. The statistics of economic development (GDP and GDP per capita and other social and economic indicators) of Indonesia are analyzed and several graphs and tables have been created for the scientific research purposes. According to the research data, it has been proved that Indonesia has been constantly improving its major economic indicators (like GDP per capita, especially in comparison to the world average level) showing 5-7% rate of economic growth, only with the exception of the period of the Asian financialeconomic crisis of 1997-98, when the country’s economy was hit hard by the crisis. Throughout the article the comparative analysis of successes and failures of different models of state regulation during the economic crises of 1997-98 and 2008-09 is given. The article provides a comparative table of the model for the management of the economy in Indonesia throughout the two crises periods. The experience of Indonesia indicates that the correct and responsible, effective macroeconomic policy of the government during the world economic crises has very important meaning for the national economy of the respective country. The experience of Indonesia in successful overcome and avoiding of the international crisis of 2008-09 – is interesting and useful for the governments, committees and ministries of economic development, as well as for economists in Ukraine and other countries of the world. Unfortunately, all the economic reforms that have been implemented in Ukraine over the last 30 years have not produced the desired result. In Ukraine, in contrast to Indonesia, no high levels of economic growth were observed during the recent 30 years. In the process of 1990s economic reforms in Ukraine, there was a sharp decline in production and a great portion of the working-age population was forced to leave the country in search of better-paid jobs abroad. On the other hand, through sound economic policies, Indonesia has been able to make significant strides in creating a modern, powerful economy throughout the recent 30-40 years. At the moment the GDP of Indonesia is the 7th largest in the world (behind Germany and Russia and before Brazil).


2017 ◽  
Vol 8 (3) ◽  
pp. 35-39
Author(s):  
Maharramov Amil Mammadali ◽  
Khasiyev Bahruz Gabil

The nature of the transport infrastructure has been shown as an important factor in the socioeconomic development of its countries. Here, in our country, the developmental possibilities of the transportation system and the basic directions of the state policy towards the development of the transportation infrastructure have been shown. Some aspects of the transport's role in the country's economy have been reviewed. Basic indicators of the development of the transport infrastructure and information on the current state of transport infrastructure for the various countries of the world are provided. Some provisions regarding the effect of the development of transportation infrastructure on the economic growth, the development of the economy are mentioned. A number of expected economic impacts have been shown from investments made to improve the transport infrastructure at the end.  


Abstract As the world is facing numerous global ecological issues at once, the question arises of what will help mitigate and solve contemporary matters related to resource management or climate change without devastating the economies. Fortunately, the widespread application of the circular economy would help countries worldwide simultaneously ensure economic growth without significant environmental deterioration, essentially decoupling the two factors. While Hungary’s contribution to environmental problems is not significant in absolute terms, the economic sector’s circular transition could help the country decrease its impact in relative terms and pave the path for a green economy. Nevertheless, companies, especially SMEs, tend to struggle the most with the initial phases of the shift thus it is crucial to assess the factors that prevent and support their transition.


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