Studies Of The Relation Between Argentine Economy Crisis And Neo-liberalism

The paper first summarizes relative theories about Argentine economy crisis, and points out that the rigid Monetary Bureau with its policy cost and no-systematized financial co-ordination mechanism which leads to more and more deficit are the technical causes that bring to Argentine economy crisis. But since 1990's, just the neo-liberalism has been guiding Argentine economy reform. Therefore, in order to inquire the real reasons to it, we have to link it with its neo-liberalism background. There are some shortcomings in available documents: thinking lightly of the positive achievements to which neo-liberalism reform has given rise, being lack of organic analysis that can combine theory with reform. The paper try to cover them , and demonstrate that regardless of its national conditions ,dogmatism development model which push neo-liberalism policies to extreme is the decisive factor to crisis.The chapter two retrospects the relative background before disclosing the entire process of the crisis. In late 1980's , "Debt Crisis" forced Menem government to renew the guiding ideology -replacing neo-liberalism with structuralism ; to shift development model-replacing export-oriented with domestically-oriented. Following "Washington Consensus", Argentina undertook a series of neo-liberalism reform that involved liberation, privatization marketing and so on. But the results are entirely different in front and behind.The chapter three is the focus of the paper. It anatomizes argentine economy reform from neo-liberalism of view. The paper considers that neo-liberalism carries on classical-liberalism theory, adapts to a transfer-from state monopoly capitalism to international monopoly capitalism, holds characteristics such as liberation, privation and marketing, and is a economic paradigm which regards "Washington Consensus " as programmatic document .The definition generalizes its theoretical base, connotation and essence. The positive way lies in strengthening market's effects; extending opening up; annulling irrationalregulation and increasing economy freedom; stabilizing macro-economy .And its direct performance is keeping rapid and steady economy increase in earlier period. While the negative way consist in :from the static hypothesis, neglecting the necessity of institution construction ;too far trusting market; forsaking rational interference of government; excessively depending on foreign capital instead being utilized by foreign capital; overlooking necessarily social adjustment, enlarging social cost. But these flaws are fatal, and they deteriorated the later economy situation and brought to crisis. Being aimed at "Washington Consensus" dogmatism and limitations, for-sighted personage poses a new article named "Post Washington Consensus" which attaches importance to propelling social and entire interests, places emphasis on enlarging government's function. It is a pragmatic and constructive rethinking.At last, the paper shows the relative enlightment to China. Although the momentum and pace of China's gradual reform are different than Argentina's radical reform, they both face similar questions .The main enlightment of Argentine neo-liberalism reform and economy crisis lies in: objectively treating neo-liberalism tendency, absorbing its rationality and contradicting its dogmatism; cautiously settling the relation between government and market; definiting the relations between way and purpose; adhering to theoretical innovation keep pace with time.