TY - JOUR
T1 - Adding Insult to Injury
T2 - The COVID-19 Crisis Strikes Latin America
AU - Grigera, Juan
N1 - Publisher Copyright:
© 2022 The Authors. Development and Change published by John Wiley & Sons Ltd on behalf of International Institute of Social Studies.
PY - 2022/11
Y1 - 2022/11
N2 - This article takes on the task of historicizing the global crisis that unfolded after the outbreak of COVID-19, focusing on its particular dynamics in Latin America. It proposes a distinction between a first phase — an unmitigated crisis that lasted until the end of 2020 — and a second phase in the period since then, that is defined by managed crisis and lukewarm economic recovery. The first phase showed a profoundly fragmented local state response, the breakdown of capital's ‘normal’ capacity for reproduction, and a disarticulation of the world order. As of 2021, a different kind of crisis has been evident: the response has been more emphatic and more effective in re-establishing accumulation and a weak and fragile international order, but at a cost to legitimacy whose full extent is yet to unfold.
AB - This article takes on the task of historicizing the global crisis that unfolded after the outbreak of COVID-19, focusing on its particular dynamics in Latin America. It proposes a distinction between a first phase — an unmitigated crisis that lasted until the end of 2020 — and a second phase in the period since then, that is defined by managed crisis and lukewarm economic recovery. The first phase showed a profoundly fragmented local state response, the breakdown of capital's ‘normal’ capacity for reproduction, and a disarticulation of the world order. As of 2021, a different kind of crisis has been evident: the response has been more emphatic and more effective in re-establishing accumulation and a weak and fragile international order, but at a cost to legitimacy whose full extent is yet to unfold.
UR - http://www.scopus.com/inward/record.url?scp=85141422268&partnerID=8YFLogxK
U2 - 10.1111/dech.12740
DO - 10.1111/dech.12740
M3 - Article
AN - SCOPUS:85141422268
SN - 0012-155X
VL - 53
SP - 1335
EP - 1361
JO - DEVELOPMENT AND CHANGE
JF - DEVELOPMENT AND CHANGE
IS - 6
ER -