In light of the Kellogg Institute’s recent conference, “Latin America in the Global Economy,” Visiting Fellow FRANCISCO RODREGUEZ and Faculty Fellow JAIME ROS sat down recently to discuss the market-oriented approach to the Latin American economy and their perceptions of the impact of these policies.

In the following Q&A, Rodríguez and Ros express some of the opposing views to the so-called Washington consensus, a policy agenda that advocated macroeconomic discipline while encouraging trade openness and market-friendly microeconomic policies.

Rodríguez, a spring 2005 Visiting Fellow, is a professor of economics and Latin American studies at Wesleyan University. He was director of the Economic and Financial Advisory Council of the Venezuelan National Assembly from 2000 until the Council’s dissolution in 2004. He is the author of many influential papers, including “Trade Policy and Economic Growth: A Skeptic’s Guide to the Cross-National Evidence” (Macroeconomics Annual 2000) co-authored with Professor Dani Rodrik of Harvard University.

Ros is a professor of economics and policy studies at Notre Dame, and a Faculty Fellow of the Institute. His main research interests are the development, trade and macroeconomic problems of developing countries. He is the author of

Development Theory and the Economics of Growth (Michigan, 2000) and Economic Integration in the Western Hemisphere: Issues and Prospects for Latin America (Notre Dame, 1994), which he co-edited and co-authored with Roberto Bouzas.

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