Course corrections and failed rationales: how comparative advantage and debt are used to legitimise austerity in Africa and Latin America |
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| Authors: | Cory Blad Samuel Oloruntoba Jon Shefner |
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| Affiliation: | 1. Department of Sociology, Manhattan College, New York, USA;2. Thabo Mbeki African Leadership Institute, University of South Africa, Pretoria, South Africa;3. Department of Sociology, University of Tennessee, Knoxville, USA |
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| Abstract: | This article examines the role of ideological mechanisms in support of long-term economic liberalisation. Specifically we examine the ideological roles of comparative advantage and debt reduction as precursors to austerity policy imposition. Austerity policies, as episodic mechanisms designed to deepen neoliberalisation, are examined in the comparative historical context of Africa and Latin America. |
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| Keywords: | Capitalism and centre–periphery currency and debt globalisation neoliberalisation |
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