The Failure of the Extraactivist Welfare Model and the Cycle of the Latin American Left
This article makes an evaluation of the welfare model implemented in Latin America in the cycle of the left that governed much of of the countries the first 15 years of this century. In the analytical part, we identify the structural factors behind the backwardness of Latin America, describes the rise and failure of the statist and extractivist model of natural resources and highlights the influence of economic progressivism as a theoretical foundation of the left Latin America, populist macroeconomic practices based on the “distributive coalitions” and the use of subsidies as a political weapon.
