Summary
This case is in the series on regime change, and serves as a basis for class discussion on the problems of exit from import-substitution, and reform of the developmental state. It may be compared to the cases on Turkey, India, and South Africa.
Teaching objectives
Political, civic, bureaucratic, constitutional conditions for economic policy. Distinguishing between structural aspects of a policy, and economic outcomes. Assessing probabilities about future orientation. Country risk assessment.
