Neoliberal Industrial Policy and Structural Reforms Since the 1970s
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4.4. Neoliberal Industrial Policy: From vertical policies to horizontal measures and Structural Reforms (labour market reform, services’ reform, etc) since the 1970s
We shall look first at what actually happened, and later we will talk about the alternative and possible Keynesian alternative. In the wake of a shrinking working class, there was an important change in industrial policy since the 1980s. It began in the late 1970s with Margaret Thatcher and Ronald Reagan in the UK and US. Curiously, it was social democrat parties in Europe who produced the change.
Then, in 1982 Latin American countries were facing the debt crisis, and they were forced to open their economies and apply neoliberal policies. It was the end of the Third World project
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