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Institution Professor Course Date Import-Substitution Industrialization and Neoliberalism Economic policies which are set by different nations may result into both positive and negative impacts to the economy whereby the positivism will be gained through income development which would lead to changes in the individuals’ lifestyles. The economies might in addition impact on the infrastructural development which would mean that with well infrastructure there will be long term improvement in the economies (Portes 44). Good policies have long lasting economic impacts to the different nations. In Latin America there existed two different eras where the nation employed the Import Substitution Industrialization and the Neoliberalism policies which had both positive and negative impacts too. The import substitution Industrialization policy was a policy adopted by the Americans in the 1930s where the economy devaluated their home currency in order to boost their exports and reduce imports which 1147).There was the increase movement if individuals to the different nations to start their own businesses which was identified as a way of reducing the rise of squatter living in the urban centers in times of joblessness. This greatly improved on the people’s lifestyles and gaining of different ideas and skills upon the interactions with different personalities. Works cited Portes A. & Hoffman K. (2003). Latin American class structures: Their composition and change during the neoliberal era. Latin American Research Review 41-82. Portes A. & Roberts B. R. (2005). The free-market city: Latin American urbanization in the years of the neoliberal experiment. Studies in Comparative International Development 40(1) 43-82 . Shafaeddin S. M. (2005). Towards an alternative perspective on trade and industrial policies. Development and Change 36(6) 1143-1162. Silva E. (2007). The import-substitution model: Chile in comparative perspective. Latin American Perspectives 34(3) 67-90. [...]
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The policies of both Import-Substitution Industrialization and Neoliberalism strongly influenced the urban geography of Latin America, but in profoundly different ways. First, differentiate between the two policies and then compare and contrast their effects on urban areas, including the distribution of cities as well as what is occurring within cities. Be sure to include ALL of the following terms/concepts in your answer: urban growth, overurbanization, urban primacy, informal sector (housing and employment), squatter settlements/favelas, privatization, gender and secondary cities. When using these terms, be sure they are put in bold. If not, points will be deducted.
Subject Area: Human Geography
Document Type: Reports
