Role of US-Trained Economists in Economic Liberalization : The Cases of Chile and Indonesia(Part I : Globalization and the Transformation of Governance,)

Abstract

This article examines how the market economy was introduced, implemented and, eventually, consolidated in Chile and Indonesia. It focuses on the role of the university agreements promoted as part of the post-war U. S. aid policy, which were the origin of the economic technocrats. Then, the process through which these U. S. -trained economists reached the crucial positions in the economic policymaking in each country is explored. Finally, it examines a series of political factors that conditioned the course of economic liberalization taken in each country and identifies some reasons which explain the difference between the two countries