Fernando Henrique Cardoso is a former two-term President and Minister of Finance of Brazil. A distinguished scholar, Dr Cardoso has written over 40 books, with his 1969 contribution to ‘dependency theory’ among his most well-known. In this interview with guest editor Humberto Campodónico, President Cardoso discusses the evolution of development theories in Latin America, offers his views on recent growth and challenges in the region, and provides insights regarding the future of Latin America’s engagement in the global economy.
Since the early 2000s, many Latin American countries achieved remarkable economic growth coupled with poverty and inequality reduction, largely due to the pursuit of a centuries-old pattern of commodity exports. The end of the commodity price super-cycle in 2014 puts some of these development gains in jeopardy, raising anxiety among emerging middle classes wary of slipping back into poverty. Drawing on a rich intellectual heritage, Latin American leaders have designed novel approaches in the pursuit of sustainable development. Alternative development narratives brought to the fore by left-wing governments have emphasised notions such as buen vivir,1 arguably the most influential and revolutionary proposition originated in the region since different variants of the dependency theory. What is less clear is the extent to which competing ideologies and narratives have translated into diverging outcomes, be it with regard to (neo-) extractivism, ecological sustainability or the rights and cultural identity of indigenous peoples, or simply in terms of economic diversification. This chapter introduces the thematic issue of International Development Policy, which deals with recent paradigmatic innovations and development experiences in Latin America, with a particular focus on the Andean region.
This issue of
International Development Policy looks at recent paradigmatic innovations and related development trajectories in Latin America, with a particular focus on the Andean region. It examines the diverse development narratives and experiences in countries such as Bolivia, Colombia, Ecuador and Peru during a period of high commodity prices associated with robust growth, poverty alleviation and inequality reduction. Highlighting propositions such as
buen vivir, this thematic issue questions whether competing ideologies and discourses have translated into different outcomes, be it with regard to environmental sustainability, social progress, primary commodity dependence, or the rights of indigenous peoples. This collection of articles aims to enrich our understanding of recent development debates and processes in Latin America, and what the rest of the world can learn from them.